BPA Daily: Long-short game

[China Epoxy Network (China Epoxy Industry Online)October 22, 2013: The tone of the domestic bisphenol A market continues, with a wait-and-see atmosphere.
On the last trading day (October 21, 2013), the mainstream transaction price in East China in the mainstream market began to enter the range of RMB 12,400 to RMB 12,450/ton, with a reduction of RMB 100/ton.
According to the analysis of market experts from China Epoxy.
com (China Epoxy Industry Online)the spot market mentality was slightly different that day, with long and short games, slow trading, a narrow drop in the center of gravity, and weakness in the market.
Although the trend of raw materials is temporarily high, the industry lacks confidence in the market outlook, the short-term empty atmosphere is still, and the weak consolidation continues; international crude oil rebounds, Asian pure benzene supplements the decline, and phenol ketones are relaunched with the maintenance equipment, showing a high level of consolidation.
Bisphenol A is weak in the outer market and cautious in entering the market.
Demand in Asia is weak, and the spot price has fallen.
Negotiate between 1,590 and 1,640 US dollars / ton CFR.
Kinyo's offer is still at 1,600 US dollars / ton CFR, and the offer intention is 1550 US dollars / ton.
CFR, temporarily less firm offer, Jinyang Bonded traded 1,610 US dollars / ton CFR, Southeast Asia cargo delivery intentions 1,720 US dollars / ton CFR.
Regional quotations of the domestic BPA market: the mainstream quotation in East China is 12,700-12,800 yuan/ton, and the mainstream transaction price is 12,500-12,550 yuan/ton; the mainstream quotation in Huangshan area is 12900-13,000 yuan/ton, and the mainstream transaction price is 12,550-12,600 yuan/ton.
Decrease by 100 yuan/ton; mainstream quotations in North China are 12800-12900 yuan/ton, mainstream transaction prices are 12500-12600 yuan/ton, low-end prices are lowered by 100 yuan/ton/high-end prices are lowered by 50 yuan/ton; mainstream quotations in South China are 12900-13000 yuan /Ton, the mainstream transaction price is 12600-12650 yuan/ton, down 100 yuan/ton.

On the trading day (October 21, 2013), the market atmosphere of bisphenol A raw materials was general and high level: (omitted, see the full version for details).

    On the last trading day (October 21, 2013), domestic bisphenol A manufacturers remained dominant, and the number of closures increased.