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Asian polycarbonate prices look set to weaken

April 07/2011

(ICIS) -- Asian polycarbonate (PC) prices look set to weaken, suppressed by tepid derivative demand and the persistently low domestic prices in the key China market, despite attempts by producers to raise prices and boost margins, market sources said on Thursday. Spot prices were stagnant at USD 3.250-3.350/tonne (EUR 2.275-2.345/tonne) CIF (cost, insurance and freight) Hong Kong for GP-moulding grade and at USD 3.050-3.150/tonne CIF Hong Kong for optical grade, according to ICIS data.


Downstream demand in China was capped by tightening credit and reduced export orders for finished goods. Traders showed limited buying interest for imported cargoes as they were saddled with ample inventories.


Spot PC prices had gained USD 150-200/tonne since mid-February, buoyed by rising feedstock bisphenol A (BPA) values and the expectations of tighter supply and firm raw material costs following the massive earthquake that hit Japan on 11 March.


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