07 October 2013 16:06 [Source: ICIS news]
BERLIN (ICIS)--A recovery in demand for bisphenol A (BPA) into the polycarbonate (PC) market is not expected until the second half of 2014, a consumer of phenol said on the sidelines of the 47th annual European Petrochemical Association (EPCA) meeting on Monday.
“It’s really bad out there and we don’t see much recovery in the beginning of 2014," the major buyer said.
“In the second half of 2014 things might get better, but there is an over capacity of BPA and Asian producers are importing product,” the buyer added.
Demand for phenol has been in decline since July 2012, largely because of the demise of the polycarbonate (PC) market, not just in Europe, but on a global scale.
Another major hit to the European phenol, BPA and PC markets is the new capacities coming on stream in Asia.
“Look at Asia and all this new capacity. Where on earth is it all going to go and what will the European landscape look like in a year’s time?,” said another source involved in phenol and acetone.
“Let’s wait and see what we’re all chatting about at EPCA next year,” the source concluded.
The EPCA meeting runs from 5-9 October.
($1 = €0.74)
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