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Affected by factors such as limited supply and strong demand, the price of bisphenol A (BPA) in Asia has soared to an all-time high recently
.
It is reported that South Korea's LG Chem Co.
, Ltd.
's annual output of 330,000 tons had to reduce production due to the upstream ethylene fire
.
On the consumption side, strong demand for derivative epoxy resins, especially for wind power and other similar infrastructure projects, as well as consumer electronics and auto parts, has led to further tightening of bisphenol A supply
.
Market participants are worried that the price of bisphenol A in Asia will rise further
.