Daily review of BPA: Deadlock in trading

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on August 17, 2009: The domestic bisphenol A market fluctuates within a narrow range and trading is deadlocked.
On the last trading day (August 14), the mainstream transaction price in the East China region of the mainstream market cannot still be maintained in the range of 10,700 to 10,900 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was mainly operating within a narrow range on that day, and the trading between buyers and sellers was slightly deadlocked.
The negotiated price range was basically the same, and it was also heard that it was slightly lower.
Most of them are Kumho spot, and most domestic traders have a good mentality.
In view of the high cost of arrival of external disks and low market intentions for low-price shipments, downstream follow-up is limited and overall transactions are few.
At present, the bisphenol A market has risen and fallen, adjusted within a narrow range, and some trading businesses have profit-taking and the overall wait-and-see atmosphere is relatively strong; at the same time, crude oil has fluctuated, and Asian pure benzene has closed down for 2 consecutive days with a range of about US$60/ton.
Market mentality Slightly affected, continue to operate with limited fluctuations.
The raw material phenol market has narrowed down, and the negotiation price in East China is 8000-8200 yuan/ton.
The market atmosphere is not good, but the external market is firmly supported.
Importers are waiting for changes, waiting for downstream raw material consumption and mentality changes; the acetone market is mainly stable temporarily, East China The regional negotiated price is still 6000-6050 yuan/ton, with long and short staggered and stalemate consolidating operations.
At present, crude oil fluctuates and pure benzene continues to close in late trading.
There is a strong wait-and-see atmosphere in the market and downstream manufacturers are slightly following up.
It will take time for terminal demand to improve.
It is expected that the domestic bisphenol A market will remain narrow and will not fluctuate greatly for the time being.

    On the last trading day (August 14), the domestic bisphenol A market consolidated within a narrow range, and it was on the 10,000 yuan/ton platform.

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