Daily Review of Bisphenol A: A little better

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on June 2, 2010: The domestic bisphenol A market has slightly improved and the atmosphere is subtle.
On the last trading day (June 1), the mainstream transaction price in East China in the mainstream market rebounded slightly to the range of 15,100-15,300 yuan/ton, with an increase of 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the trading atmosphere in the market on that day was fair, low-price enquiries increased, and the actual situation was average, and the actual price range rose slightly.
Recently, Oil prices have stabilized, but raw materials and related products continue to be weak.
The overall downstream construction situation needs to be improved.
However, the rebound in crude oil is good for stimulus, and the spot mentality has improved significantly.
Some second-hand merchants' low-covering and downstream inquiries have pushed up offers.
Buyers are reluctant to sell at low prices.
The seller is cautious and wait-and-see.
In June, Sinopec Mitsui's 120,000-ton/year plant was shut down for maintenance in January, and the supply gap increased, which was positive for the market throughout the month.
The cost of upstream pure benzene is supported, and the low price is reluctant to sell.
Some intermediate merchants are speculating.
The negotiated price in East China is 6000-6200 yuan/ton.
The price difference of the external market in June is 825-870 US dollars/ton; the external market of phenol is weak and spotlight Negotiations fell within a narrow range, the negotiated price in East China was 13,400 yuan/ton; acetone was not much negotiated and some merchants were reluctant to sell it, and the negotiated price in East China was 6800-7000 yuan/ton.
At the beginning of the week, the epichlorohydrin spot fell sharply, short-term high reports and low prices were difficult to understand, and the downstream start of work was temporarily changed.
The oil price rose slightly to support, and the market atmosphere improved slightly.
However, whether the market can truly rebound remains to be confirmed.
 

    On the last trading day (June 1), the market sentiment for BPA changed slightly, but there was still a wait-and-see.

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