Asian PC hits 11-month highs on firm feedstock costs, snug supply

27 November 2009 04:05  [Source: ICIS news]

SINGAPORE (ICIS news)--Asian polycarbonate (PC) spot prices were hovering at 11-month highs, supported by firm values of feedstock bisphenol A (BPA) and snug supply due to ongoing plant turnarounds, market sources said on Friday.

Prices for optical grade PC were at $2,050-2,250/tonne (€1,374-1,508/tonne) CIF (cost, insurance and freight) Taiwan/Hong Kong, while values of  general purpose (GP) moulding grade PC were at $2,350-2,450/tonne CIF Hong Kong on Wednesday, according to global chemical market intelligence service ICIS pricing. 

Since their price uptrend started in the middle of March, optical PC values have risen by 28% and GP PC prices jumped by about 23%, ICIS pricing data showed.

Feedstock BPA, on the other hand, soared around 65% at roughly the same period. BPA was assessed at $1,350-1,400/tonne CFR NE (northeast) Asia last Friday.

PC producers said they were mulling further price hikes of $50-100/tonne for December shipments, although they acknowledged that buyer resistance was strong.

Demand for PC has remained weak as manufacturing activities usually taper off towards the end of the year, industry sources said.

The downside for regional PC prices, however, was limited in the near-term given balanced-to-tight supply-demand fundamentals, market sources said.

($1 = €0.66)

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By: Liu Xin
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