29 January 2009 16:11 [Source: ICIS news]
LONDON (ICIS news)--Sentiment was increasingly optimistic in the European bisphenol-A (BPA) market, despite continued weakness in downstream markets, general sources said on Thursday.
The relative stability of benzene, though significantly down from the same period last year, had a big impact on BPA market sentiment, sources said. While there were only initial price ideas for February contracts, buyers and sellers agreed that there would not be any steep adjustments either up or down.
“We may also see an upturn in demand,” said a trader who felt that prices may improve next month. “It could be a good time to buy now at a cheaper price.”
One major producer tempered the general feeling of optimism, saying that it would take time for any potential recovery to move down through the production chain.
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