25 July 2012 23:07 [Source: ICIS news]
HOUSTON (ICIS)--US polycarbonate (PC) spot prices fell by 10 cents/lb ($220/tonne, €183/tonne) from last week because of a previous drop feedstock costs and current global demand, sources said on Wednesday.
It typically takes a period of time for the cost of feedstocks to work their way through the production system.
PC prices are now $1.53-1.85 cents/lb for general purpose (GP) moulding grade and extrusion grade in bulk and $1.58-1.90 cents/lb for GP extrusion grade in bulk and package.
The downward move will probably be short lived as the cost of benzene, a building block for the production of PC, has moved higher, and looks to move even higher with the August contract prices, sources confirmed.
Spot PC prices last moved down on 27 June.
Earlier in June, Bayer MaterialScience announced a price increase proposal, seeking an additional 10 cents/lb for its material.The contract prices for benzene are typically announced in the first week of the month.
Benzene and refinery grade propylene (RGP) are used to produce cumene, which is then used to produce phenol and acetone. The phenol and acetone are used to produce bisphenol A (BPA), which is used to produce PC.
North American producers of PC include Bayer MaterialScience, SABIC Innovative Plastics and Styron.
($1 = €0.83)
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