BPA Daily: Costs down

[China Epoxy Network (China Epoxy Industry Online)October 23, 2014: The domestic bisphenol A market is trading up, and there is a wait-and-see atmosphere.
On the last trading day (October 22, 2014), the mainstream transaction price in East China in the mainstream market began to maintain the range of 13,500-13,700 yuan/ton.
According to analysis by market experts of China Epoxy Network (China Epoxy Industry Online)the spot market was negative and cost dragged on that day.
It has just recovered and the atmosphere is weak.
The trading volume has cooled slightly, and the downstream small orders Procurement, raw materials continue to decline, and supply expectations increase.
Industry players lack confidence in the market outlook and their willingness to enter the market is suppressed; cost pressures and different mentalities of some suppliers, low-end buying focus, limited market sources, low downstream operations, cautious wait and see, contracts Supply-oriented, buyers cautiously enter the market.
The bisphenol A external disk market was sluggish and plunged sharply.
It was mostly affected by the sharp decline in the spot market, the decline in raw materials, and the panic selling of the holders.
It closed at 1,740-1800 US dollars/ton (CFR China's main port), down 160-180 US dollars/ton At the same time, the impact of weak spot expectations and the wait-and-see atmosphere of the industry is still growing.
In some market news, the intent of near foreign selling in November fell to below US$1,800/ton (CFR China's main port).
Regional quotations of the domestic bisphenol A market: the mainstream quotation in East China is 13800-13900 yuan/ton, the mainstream transaction price is 13500-13700 yuan/ton; the mainstream quotation in Huangshan area is 13900-14000 yuan/ton, the mainstream transaction price is 13700-13800 yuan/ton; The mainstream quotation in North China is 13900~14000 yuan/ton, and the mainstream transaction price is 13700~13800 yuan/ton; the mainstream quotation in South China is 14000~14100 yuan/ton, and the mainstream transaction price is 13700~13900 yuan/ton.

On the last trading day (October 22, 2014), the overall bisphenol A raw material market was slack and weak: (omitted, see the full version for details).

    On the trading day (October 22, 2014), domestic bisphenol A manufacturers temporarily stopped trading and waited and watched.