|
(ICIS) -- Asia’s liquid epoxy resin (LER)
prices are expected to continue falling in line with the region’s weak
downstream demand and declining feedstock epichlorohydrin (ECH) and bisphenol A
(BPA) prices, industry sources said on Wednesday.
LER prices fell by USD 200/tonne (EUR 140/tonne) over the last four weeks
to settle at USD 3.250-3.550/tonne FOB (free on board) northeast (NE) Asia
(iso-tank) on 28 June, according to ICIS.
The Chinese government has imposed two interest rate hikes and raised the
reserve requirement ratio six times this year, causing the poor performance in
the country’s downstream markets, several Chinese producers
said.
The weak downstream demand in China is causing regional LER prices to
decline, as end-users are finding difficulty in raising capital for their
purchases, Chinese producers said. LER prices are likely to soften further if
downstream demand in China continues to weaken.
mrcplast.com
| 
