Daily review of bisphenol A: height correction

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] February 21, 2011: After the domestic bisphenol A market surged, there was a slight correction.
On the last trading day (February 18), the mainstream transaction price in the East China region of the mainstream market temporarily maintained the range of 20,100 to 20,300 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the spot market’s trading atmosphere was flat on the day, with broad discussions and slower pace of negotiations.
The cargo intention is still there, and the overall bisphenol A market is calm; the downstream digests inventory, some small orders are purchased at a reasonable price, and the downstream is inertial and has little interest in entering the market.
The raw material bisphenol A is mainly purchased from oceans.
Domestic manufacturers have risen twice in a row, and the dust has settled.
On the weekend, market news is not volatile and the market is high.
The bisphenol A external disk market performed strongly.
Among them, the February contract framework in Europe was negotiated at 1600-1950 euros/ton FD Northwestern Europe, and the spot negotiated price was 1800-2000 euros/ton FD Northwestern Europe.
This was mostly due to the strong raw material market and insufficient supply.
Supported by strong downstream demand, local epoxy resin prices rose by EUR 150/ton in February.
Regional quotations of the domestic BPA market: the mainstream quotation in East China is 20,500 yuan/ton, and the mainstream transaction price is 20,100 to 20,300 yuan/ton; the mainstream quotation in Huangshan area is 20,500 yuan/ton, and the mainstream transaction price is 20,200 to 20,300 yuan/ton; the mainstream quotation in North China The mainstream transaction price is 20,500 yuan/ton, and the mainstream transaction price is 20,000 to 20,200 yuan/ton; the mainstream quotation in South China is 21,000 yuan/ton, and the mainstream transaction price is 20,600 to 20,800 yuan/ton.

    On the trading day (February 18), the bisphenol A raw material market consolidated at a high level, and the international crude oil traded within a narrow range.