China's May BPA imports fall 12.4% on wide buy-sell gap

30 June 2010 11:32  [Source: ICIS news]

SINGAPORE (ICIS news)--China’s bisphenol A (BPA) May imports fell by by 12.4% month on month, hampered by a wide buy-sell gap of over $100/tonne (€82/tonne), market sources said on Wednesday.

Producers maintained strict price discipline on the back of tight supply due to turnarounds at regional plants and strong demand from the downstream polycarbonate (PC) sector, said the sources.

However, buyers retreated to the sidelines in anticipation of softer BPA prices on the back of weak demand from the downstream epoxy resins sector and soft feedstock benzene values, they added.

China imported a total of 32,747 tonnes of BPA in May, down by 27.2%, compared to levels in the same period last year, according to data from China Customs.

Major BPA producers in Asia include Taiwan’s Nan Ya Plastics Corp, South Korea’s Kumho P&B Chemicals and LG Chem and Japan’s Mitsui Chemicals.

($1 = €0.82)

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By: Liu Xin
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