Daily Review of Bisphenol A: Wait and see

[China Epoxy Network (China Epoxy Industry Online)July 3, 2012: The domestic bisphenol A market rebounded, slightly boosted by crude oil.
On the last trading day (July 02, 2012), the mainstream transaction price in the mainstream market in East China remained at the range of 11,700 to 11,900 yuan/ton for the time being.
According to market experts from China Epoxy.
com (China Epoxy Industry Online)the spot market is sparse and the direction remains to be determined.
Explore the direction of the inquiry, looking forward to leveraging crude oil, but the fundamentals are still weak, and the industry is cautious about rising oil prices; the global commodities are bullish and the chemical market is slightly better.
At present, the internal and external markets of bisphenol A are weak in a narrow range.
In view of the supply and demand side The weakness remains unchanged and the unilateral increase in oil prices remains to be seen.
In particular, whether the commodity trend can be reversed is yet to be determined.
Regardless of the trend of BPA, we will pay close attention to the demand for BPA in the follow-up.
The external market of bisphenol A fluctuated within a narrow range.
The Asian region closed at US$1490 to US$1,520/ton CFR, and the high-end price dropped by US$20/ton.
Due to the rebound of pure benzene and phenol ketones, manufacturers were watching the market, but the downstream was still weak.
Buyers Entering the market cautiously, firm transactions were flat.
Regional quotations of the domestic bisphenol A market: mainstream quotations in East China are 11,900 to 12,000 yuan/ton, and mainstream transaction prices are 11,700 to 11,900 yuan/ton; mainstream quotations in Huangshan area are 12,000 to 12,100 yuan/ton, and mainstream transaction prices are 11,800 to 11,900 yuan/ton; The mainstream quotation in North China is 12,000-12,100 yuan/ton, and the mainstream transaction price is 11,800-1,1900 yuan/ton; the mainstream quotation in South China is 12,000-12100 yuan/ton, and the mainstream transaction price is 11,900-12,000 yuan/ton.

    On the trading day (July 02, 2012), the bisphenol A raw material market sentiment was sorted out and maintained as a whole.