NEWS S Korean PA producers hold back spot offers due to very low bids

摘要

Dubai —Phthalic anhydride producers in South Korea, who meet most of the demand for the product in Asian spot markets, are holding back their offers this week, citing very low bids. "Though our sell idea for PA this week is $1,400/mt FOB Korea, bids are coming at much lower levels. Feedstock orthoxylene continues to be priced high and it is not possible for us to sell at a low price," a source at South Korean producer Aekyung Petrochemicals said. At the close of markets last week, Platts assessed PA price at $1,315/mt CFR China and OX at $1,403/mt CFR China.