BPA Daily: Cost Pressure

[China Epoxy Network (China Epoxy Industry Online)August 24, 2015: The domestic bisphenol A market fluctuates within a narrow range and fluctuates within a narrow range.
On the last trading day (August 21, 2015), the mainstream transaction price in the East China region of the mainstream market temporarily maintained the range of 7,550 to 7,600 yuan/ton.
According to the analysis by market experts of China Epoxy Network (China Epoxy Industry Online)the spot market fluctuated within a narrow range, low exclusion, cost support and supply and demand fundamentals.
The market sticks to the market, and the downstream maintains the rhythm of just-needed procurement.
Direct raw materials are stalemate, manufacturers are losing money and are reluctant to sell at low prices.
Some intermediate merchants and downstream factories feel that the risk of subsequent fluctuations has decreased, and they will cover their positions at reasonable prices, but bulk negotiations are still scarce; as after mid-week Crude oil's decline has been amplified, the upstream internal and external disks broke down, and the stock market plummeted adjustments, the mentality was once again affected, the market buying sentiment declined, and the wait-and-see atmosphere increased.
The industry pays close attention to raw materials and internal and external market fluctuations, focusing on low-end and long-term supply.
Mainly, the spot transaction volume is not large, and some factories are looking for goods at low prices to cover their positions.
The current overall mentality seems to be acceptable.
There are few firm offers in the BPA external market, and the firm offer of near-ocean cargo is limited, and a small number of inquiries are not high at US$950/ton CFR.
Regional quotations of the domestic BPA market: the mainstream quotation in East China is 7700-7800 yuan/ton, the mainstream transaction price is 7550-7600 yuan/ton; the mainstream quotation in Huangshan area is 7850-7950 yuan/ton, the mainstream transaction price is 7700-7750 yuan/ton; The mainstream quotation in North China is 7850-7950 yuan/ton, and the mainstream transaction price is 7700-7750 yuan/ton; the mainstream quotation in South China is 7900-8000 yuan/ton, and the mainstream transaction price is 7750-7800 yuan/ton.

On the trading day (August 21, 2015), the bisphenol A raw material market has a steady atmosphere and delicate operation: (omitted, see the full version for details).

On the trading day (August 21, 2015), the domestic bisphenol A wait-and-see cost, low-key operation.