07 February 2014 19:18 [Source: ICIS news]
LONDON (ICIS)--Forecast price increases in the Asian bisphenol A (BPA) market would allow European producers to push for further price hikes in northwest Europe, sources said on Friday.
Upcoming turnarounds at several key regional BPA facilities in southeastern Asia have bolstered sentiment that an upturn in prices is possible in the near term as supply is expected to tighten.
The flow of relatively cheap Asian-origin BPA into Europe pushes down prices European producers can offer, and any increase in import prices would be seen as an opportunity to increase prices.
“If that turns out to be true that’s very welcome news because we would likely jump on the back of that and try to increase prices as much as we could,” said a European producer.
“The last time we made money in this business was exactly when Asian BPA prices increased. If those boys stay low, we make no money.”
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