01 August 2012 06:51 [Source: ICIS news]
By Heng Hui
But demand for Asian-made goods is waning because of the raging eurozone debt crisis and continued weakness in the
PBT demand grows in line with the general economic expansion, which has been slowing down in most countries in the last few years – a trend that may continue into 2013, industry sources said.
The material is used in casings of electronics, frames of DVD drives, connectors, switch buttons, aerosol valves, laser printer housings and exhaust gas valves.
“We are no longer interested in selling to
Some traders said based on current domestic values at around yuan (CNY) 14,500/tonne ($2,280/tonne) ex-tank, it would be possible to export natural grade PBT for a cheap as $2.00/kg FOB (free on board)
A Chinese producer said it could export PBT at $1.96-2.00/kg FOB
Base PBT grade, or more commonly referred to as neat resin, was discussed this week at $2.05-2.20/kg CIF (cost, insurance and freight) NE (northeast)
Imported material from northeast and southeast Asia was reportedly sold in China at $2.2-2.3/kg CIF (cost insurance and freight) China, around $0.15/kg more expensive than locally manufactured material.
Electronics-heavy economies such as
State-owned Indian Oil was reported to be considering building a PBT plant to serve the domestic market, which has a strong appetite for the material.
The south Asian country is estimated to import about 15,000 tonnes of PBT annually, market players said.
PBT consumption will remain supported by continued increase in
ICIS is launching the PBT report in mid-August and will be assessing the
Asian PBT manufacturers include Nantong Xingchen, Jiangyin He Shili,
($1 = €0.81)
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