This is especially felt in the blow moulding sector, which is totally dependent on supplies from Asia. Asian PC is not popular in the moulding and extrusion sectors. Producers in Japan and South Korea have begun to raise prices since the end of June.

 

June PC prices were in the range of USD2,450-2,650/tonne CFR Vostochny. In September PC prices reached USD2,750-2,800/tonne CFR Vostochny. In this regard, traders began to refrain from the procurement of feedstock  from some producers, as for converters such PC price was unacceptable. The situation is exacerbated by the price fluctuation in the domestic market because of the devaluation of the national currency.

 

The trend of consistent price rise of the feedstock of PC is characteristic for Asia and Europe. So, spot prices for acetone rose on average by USD60/tonne in the last six months. Phenol prices rose USD200/tonne over the reported period. Bisphenol A prices increased by USD340/tonne over the reported period. Prices for injection moulding PC in Asian markets are now at USD2,520-2,720/tonne CFR China. Price for extrusion material are in the range USD2,450-2,520/tonne CFR China. Domestic prices of PC in Asia increased by USD120/tonne. 

 

The most popular producers supplying PC in Russia for bottles blowing are Samyang (with share of 32%) and LG Chem (with 18% share). Both plants are geographically located in South Korea.