Daily Review of Bisphenol A: Trading Hovering

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] September 16, 2009: The domestic bisphenol A market is hovering and the market is deadlocked.
On the last trading day (September 15), the mainstream transaction price in East China in the mainstream market continued to maintain the range of 10,700 to 10,800 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), market transactions on that day were still stalemate and a strong wait-and-see atmosphere.
Traders were not willing to sell goods at low prices.
They should pay close attention to the trend of raw materials and downstream follow-up.
At present, the market continues to consolidate within a narrow range, cost support is still available, and market transactions are moderate; international crude oil fell slightly in late trading, and European and American sub-pure benzene continued to decline.
The market mentality was slightly affected.
The market continued to fluctuate throughout the day.
Trading in the external market is also deadlocked.
With reference to the negotiated price of US$1230-1280/ton (CFR China's main port), some buying focuses on the low-end level, and the market outlook is not clear.
The market cargo trading is thin and there are few transactions heard.
The raw material phenol market is sluggish.
The negotiated price in East China is 7850-7900 yuan/ton.
The center of gravity is slightly lowered.
Downstream factories are still not active in stocking and small-order purchases.
The acetone market is weak and the supply circulation speed is slow.
The price of 5950 yuan/ton may be low, and the quotations of core customers are gradually falling.
In short, crude oil and pure benzene fell during the intraday market, and the direct phenol ketone fell in the external market.
The support for bisphenol A was slightly limited.
The downstream slowly increased and the lack of trading volume support.
The market fluctuated in a narrow range throughout the day and lacked news guidance; however, Supported by entrusted costs, trading merchants have firm offers and are not willing to sell goods at low prices.

    On the last trading day (September 15), the domestic BPA market quotation was firm and the atmosphere was calm.

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