Daily Review of Bisphenol A: Weak Consolidation

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] February 23, 2012: The domestic bisphenol A market is quiet and operating within a narrow range.
On the last trading day (February 22, 2012), the mainstream transaction prices in the East China region of the mainstream market began to form a range of 13,300~13,400 yuan/ton, and the high-end price was reduced by 100 yuan/ton.
According to the analysis by market experts of China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn, the spot market was calm on the day, with a negative decline and consolidation.
There were not many active offers and merchants followed the market.
The negotiation was slightly lower than 100 yuan.
It is also heard from the left and right that the current wait-and-see atmosphere is strong, and some intermediate merchants are looking for their directions at low prices; the downstream parts are purchasing at a reasonable price, the overall volume is slow, the pressure on finished product shipments is gradually increasing, the purchase of raw materials is blocked, the raw material market is weakening, and the market is waiting and watching.
It is expected that the short-term bisphenol A market will continue to weaken.
The bisphenol A external market remained stable for the time being.
Northeast Asian exports to India, the Middle East, and Europe were scarce in mid-February.
The downstream demand was weak and the cost of raw materials was high.
Manufacturers’ selling intentions insisted on 1700-1750 US dollars/ton FOB.
In March, a lot of Russian goods Resold to Europe.
Regional quotations of the domestic BPA market: the mainstream quotation in East China is 13700-13800 yuan/ton, the mainstream transaction price is 13300-13400 yuan/ton, the high-end price is reduced by 100 yuan/ton; the mainstream quotation in Huangshan area is 13700-13900 yuan/ton, the mainstream transaction price 13400-13500 yuan/ton, down 100 yuan/ton; mainstream quotation in North China 13700-13900 yuan/ton, mainstream transaction price 13400-13500 yuan/ton, down 100 yuan/ton; mainstream quotation in South China 14200-14300 yuan/ton , The mainstream transaction price is 13800-13900 yuan/ton, and the high-end price is lowered by 100 yuan/ton.

    On the trading day (February 22, 2012), the market sentiment for bisphenol A raw materials weakened.