Asian BPA under downward pressure from weak demand – traders

31 July 2012 09:31  [Source: ICIS news]

SINGAPORE (ICIS)--Spot bisphenol A (BPA) prices in Asia remain under downward pressure from weak demand, despite tightened supply following production cuts at regional facilities, market sources said on Tuesday.

Spot prices tumbled $10–40/tonne to $1,580–1,650/tonne (€1,296–1,353/tonne) CFR (cost & freight) China on 27 July, as a fall in energy values and soft upstream benzene and phenol prices triggered profit-taking activities, according to ICIS data.

Buying momentum slowed as end-users had already picked up sufficient stocks to cover their immediate requirements, traders said.

The majority of buyers are taking a cautious stance in view of persistently weak demand from the downstream epoxy resins and polycarbonate segments, they added.

($1 = €0.82)

By: Liu Xin
+65 6780 4359

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