Asian PC prices poised to rise after lunar holidays

17 February 2010 09:02  [Source: ICIS news]

SINGAPORE (ICIS news)--Asian polycarbonate (PC) spot prices are likely to increase after the Lunar New Year holidays due to an improvement in demand from China, traders and producers said on Wednesday.

Sellers anticipated a rebound in demand especially for the moulding or injection grade PC from China starting March as end-users were expected to replenish stocks.

“The office equipment, automotive and personal computer sectors are expected to improve in the second quarter,” a PC trader in southeast Asia said.

Injection grade PC resins are typically used to manufacture casings for office equipments, personal computers and certain parts used in the automotive sector. Optical grade PC resins are generally used to make eye glasses, and compact and digital discs.

PC trades were concluded around $2,750/tonne (€2,008/tonne) CIF (cost, insurance and freight) Hong Kong in February, according to global chemical market intelligence service ICIS pricing.

Sellers targeted higher prices at $2,900-3,000/tonne CIF Hong Kong for March parcels, citing elevated feedstock bis phenol A (BPA) values and tight regional supply.

BPA values rose above $1,600/tonne CFR (cost and freight) NE (northeast) Asia from around $1,500/tonne CFR NE Asia in early December 2009, according to ICIS pricing.

“Raw material costs are on the rise and supply is tight due to several plant shutdowns in March and April, hence we need to increase prices,” a producer in northeast Asia said.

PC manufacturers in Asia include Chimei-Asahi Chemical CompanyFormosa-Idemitsu Petrochemical Corp, LG-Dow Polycarbonate, Mitsubishi Engineering-Plastics and Teijin Chemicals Ltd.   

($1 = €0.73
)

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By: Clive Ong
+65 6780 4359



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