Daily review of bisphenol A: a slight drop in the center of gravity

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] February 24, 2011: The focus of the domestic bisphenol A market has shifted downward and continues to be organized.
On the last trading day (February 23), the mainstream transaction price in East China, the mainstream market, began to form a range of 20,000 to 20,300 yuan/ton, and the low end was reduced by 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the spot market atmosphere on that day was flat, downstream demand was slow to follow up, and most active inquiries were not many, and the negotiation range was adjusted and the focus dropped.
, Commodity market turbulence is sorted out, and mentality is slightly different.
During the week, the spot price of bisphenol A fluctuated downwards, and some ocean-going negotiations dropped to RMB 20,000/ton, which intensified the wait-and-see situation.
The external quotations were high and the actual transactions were insufficient.
On the other hand, the upstream is surging and downstream is generally slow to follow up.
At present, the external offer is still strong.
With the stagnation of the spot price, the buyer's mentality is cautious, and the buying intention is US$2,400/ton CFR and is cautious in chasing high.
Regional quotations of the domestic BPA market: the mainstream quotation in East China is 20,500 yuan/ton, the mainstream transaction price is 20,000 to 20,300 yuan/ton, and the low-end price is reduced by 100 yuan/ton; the mainstream quotation in Huangshan area is 20,500 yuan/ton, and the mainstream transaction price is 20,000 to 20,200 RMB/ton, 200 RMB/ton for low-end/ RMB 100/ton for high-end; 20,500 RMB/ton for the mainstream price in North China, RMB 20,000-20,200/ton for the mainstream transaction; RMB 21,000/ton for the mainstream price in South China 20500-20800 yuan/ton, lower-end lowered by 100 yuan/ton.

On the last trading day (February 23), the market sentiment for bisphenol A raw materials became stronger, the situation in the Middle East was tightening, international oil prices were soaring, entering the era of 100 yuan, aggravating global inflation, and the impact of firm transactions was minimal, which is favorable for the concentration of basic raw materials.