Daily Review of Bisphenol A: The plate is firm

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 13, 2010: The domestic bisphenol A market is firm and quotations are rising.
On the last trading day (July 12), the mainstream transaction prices in the mainstream market in East China were temporarily entrenched in the range of 15,300-15,500 yuan/ton, mainly high-end.
According to analysis by market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the market sentiment was strong that day, downstream and merchants entered the market with active inquiries, not many spot resources, a small number of offers increased, and some merchants with stocks Wait and see without reporting, the mainstream negotiation range of the market remains to be seen, and attention to the follow-up market gradually becomes clear.
Last week, as the stock market rebounded, stopped falling or even rose in small markets, the spot price of bisphenol A was tightly supported and hit a new high.
The shocks and consolidation in the external market continued; after mid-week, international crude oil continued to rebound, and WTI closed above US$76 per barrel.
Energy-led rebound may form support.
The raw material phenol is expected to enter a high level this week.
With the increase in domestic supply and the increase of bisphenol A by 800 yuan/ton, whether the downstream can catch up further, it remains to be seen.
There are not many short-term social resources, and it is expected that it may rise and consolidate.
On that day, the focus of market negotiations shifted upwards.
Trading merchants offered strong prices and buyers were mainly waiting to see.
Procurement was weaker and transactions were limited.
The market continued to push upwards, but the room for gains was limited.
The overall feature is still “wait and see”.
Although the focus of the market discussions is high-end, the market atmosphere is strong, the recent spot resources are not many, it is not easy to find goods at low prices in the downstream market, and there are few real deals.
Actual discussions should be adjusted upwards and some Downstream digestion inventory is high and cautiously wait and see.

    On the trading day (July 12), the bisphenol A market was firm, the center of gravity was elevated, the spot resources were small, and the quotation could be 16,000 yuan/ton.

Do you want to browse the unsaturated resin market information? Click to enter www.

Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name
English name: E-www.