Asia PC extends downtrend on weak demand, falling feedstock costs

31 May 2012 12:00  [Source: ICIS news]

SINGAPORE (ICIS)--Polycarbonate (PC) prices in Asia have remained on a downtrend since early May because of weak demand and falling values of upstream phenol and bisphenol-A (BPA) products, market sources said Thursday.

Spot PC prices witnessed a $50-100/tonne (€41-81/tonne) decline in the past two weeks to $2,700-2,800/tonne CIF (cost, insurance and freight) Hong Kong for general purpose moulding grade, and to $2,500-2,580/tonne CIF Hong Kong for optical grade on 30 May, according to ICIS data.

Spot phenol and BPA prices have fallen by $100-150/tonne from mid-May levels, in line with recent volatility in crude futures and declining upstream benzene and propylene costs.

The PC price outlook remained bearish given weak demand in the major China market and ample availability, industry sources said.

Trading activity slowed down as concerns about a slowing Chinese economy, as well as heightened worries about the eurozone debt crisis kept market sentiment cautious, they said.

($1 = €0.81)

By: Liu Xin
+65 6780 4359

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