Daily Review of Bisphenol A: The downward trend remains

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 22, 2010: The domestic bisphenol A market continues to fall, and the decline is difficult to reverse.
On the last trading day (November 19), the mainstream transaction price in the East China region of the mainstream market has fallen to the range of 19,900 to 20,000 yuan/ton, and the price is reduced by 300 yuan/ton.
According to the analysis of market experts from the China Epoxy Resin Industry Association (www.
epoxy-e.
cn), the spot market's downward trend was unstoppable and trading was weak.
The focus of negotiations fell below the 20,000 yuan/ton mark, and high-end prices were no one cares about.
Slightly lower prices have also been heard.
The overall shipments are thin, the market mentality is impaired, the downstream is more wait-and-see, the actual action is cautious, panic and speculation are everywhere, and the mentality of worry is widespread.
The bisphenol A external market continued to be maintained.
Some ocean-going cargoes were offered at US$2,400-2500/ton CFR, and the focus of negotiations was at the mid-end.
The offer for near-ocean cargo was still on the high side, and some were quoted at US$2500-2600/ton CFR; in addition, the weather was cold , Russian production and transportation are blocked, so there are not many Russian goods in the near future, and the sound of later price increases is slightly apparent.
Domestic bisphenol A market regional quotation: mainstream quotation in East China is 20,500 yuan/ton, mainstream transaction price is 19,900 to 20,000 yuan/ton, down 300 yuan/ton; mainstream quotation in Huangshan area is 20,500 yuan/ton, mainstream transaction price is 20,200 to 20,300 yuan/ Ton, down 100 yuan/ton; mainstream quotation in North China is 20,500 yuan/ton, mainstream transaction price is 20,000 to 20,200 yuan/ton, low-end is down 300 yuan/ton/high-end is down 100 yuan/ton; mainstream quotation in South China is 21,000 yuan/ton , The mainstream transaction price is 20,400-20,500 yuan/ton, down 300 yuan/ton.

On the trading day (November 19), the bisphenol A raw material market was slightly warmer and overall weakened, but its direct impact with bisphenol A was limited and the support was average.

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