29 February 2012 11:03 [Source: ICIS news]
SINGAPORE (ICIS)--China’s bisphenol A (BPA) imports in January fell by 19.69% year on year to 40,982 tonnes because of sluggish demand from the downstream epoxy resins sector, according to statistics from the China Customs.
On a month-on-month basis, BPA imports declined by 30.43% from December, according to customs data.
Imports fell as the majority of regional BPA manufacturers withdrew from the spot market in December in view of weak demand and poor margins.
Asian BPA prices were stable week on week at $1,660-1,750/tonne (€1,228-1,295/tonne) CFR (cost & freight) China on 24 February, according to ICIS data, supported by high upstream benzene and phenol costs.
Price rises were capped by ample availability and weak demand from the downstream epoxy resins and polycarbonate (PC) sectors.
($1 = €0.74)
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