In the first half of 2013, Chinese PCBTF prices continue to fall even without any price rebound. In January 2013,the market price of PCBTF was RMB27000/tonne ex-works. In June 2013,the price has dropped to RMB22000/MT ex-works. The drop in the first half of 2013 is about 18.5%.
Why the prices continue to fall in 2013? We think there are two reasons. Firstly,the production capacity of PCBTF expand a lot in recent two years in China. The top biggest producers all increased their production capacity,even some small plants began to product PCBTF from 201. Secondary, the price drop of feedstock parachlorotoluene. China is the leading supplier of parachlorotoluene in world market,while the price is weak in 2013.
Source: Henan Harvest Chem co.,Ltd ( Henan Harvest is the leading distributor of PCBTF in China )