25 July 2012 10:58 [Source: ICIS news]
On a month-on-month basis, BPA imports dropped by 14% from May, according to the data of China Customs released on 24 July.
"The data is consistent with market expectations, domestic downstream demand has been weak recently," a trader said in Mandarin.
There were few signs of demand recovering in the rest of the year he said adding: “So traders will be more cautious to book new cargoes.”
Most traders are expected to stay on the sidelines in the near future and maintain low inventories.
The BPA prices in east
BPA is mainly used to produce polycarbonate and epoxy resin.
($1 = CNY6.39)
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