02 November 2011 19:40 [Source: ICIS news]
HOUSTON (ICIS)--US polycarbonate (PC) spot prices were assessed 5 cents/lb ($110/tonne, €80/tonne) lower by ICIS on Wednesday because of a drop in feedstock costs and diminished demand.
PC spot prices for general purpose (GP) moulding and GP extrusion grades in bulk fell to $1.60–1.75/lb, while package GP moulding and GP extrusion grades are $1.65–1.80/lb, as assessed by ICIS.
There has also been an influx of material imported from Asia, which contributed to the lower prices.
One producer said there has been a lot of discussion of discounts and price reductions, but they are dependent on the ability of buyers to negotiate.
He noted that imported material is being offered at a discount, which is not helping US producers nor is it spurring an increase in demand.
A moderate-sized buyer said he has heard of even lower spot prices, as well.
Meanwhile, a producer said the company has been weathering the market storm, adding it has been able to increase its backlog.
He agreed with others that the market is more global now and improvement, be it from the production side or the buyer side, is slower to occur.
Major US producers of PC include Bayer, SABIC and Styron.
($1 = €0.73)
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