Daily Review of BPA: Falling Center of Gravity

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] May 17, 2011: The center of gravity of the domestic bisphenol A market has fallen and the atmosphere is bearish.
On the last trading day (May 16, 2011), the mainstream transaction price in the East China region of the mainstream market temporarily maintained the range of 19,600 to 20,000 yuan/ton.
According to the analysis of the market experts of China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn, the spot market continued to be weak and confidence was obviously lacking.
The center of gravity was low.
Refer to the negotiation to test the 19,500 yuan/ton mark, and the downstream substance Sexual inquiries are absent and transactions are not good.
At present, the cautious wait-and-see atmosphere is strong; the spot downturn is weak and the external disk is affected by a narrow decline, the volume and price of the internal and external markets are shrinking, the bisphenol A market mentality continues to be weak, and the two major downstreams are generally weak.
The overall consumer demand is hard to pick up, and the follow-up market trend of bisphenol A will be further curbed.
The bisphenol A external disk market fell within a narrow range.
Last week, the pipe frame in the Formosa Plastics Group’s Mailiao 6th Light Industrial Zone caught fire.
1 to 3 units in South Asia were shut down and the duration is yet to be determined.
2 units of Kumho in South Korea will be overhauled, and Sinopec Mitsui will also be overhauled in the second half of the year.
Market supply is tight, long and short are intertwined, and further attention will be paid to the subsequent market reactions of all parties.
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Domestic bisphenol A market regional quotation: mainstream quotation in East China is 20,100 yuan/ton, mainstream transaction price is 19,600-20,000 yuan/ton; mainstream quotation in Huangshan area is 20,200 yuan/ton, mainstream transaction price is 19,800-20,000 yuan/ton; mainstream quotation in North China 20,200 yuan/ton, the mainstream transaction price is 19,800 to 20,000 yuan/ton; the mainstream quotation in South China is 20,600 yuan/ton, and the mainstream transaction price is 20,100 to 20,500 yuan/ton.

On the trading day (May 16, 2011), the bisphenol A raw material market continued to be weak (slightly, see the full version for details).

On the trading day (May 16, 2011), domestic bisphenol A manufacturers temporarily held steady and wait-and-see.