Daily review of bisphenol A: low center of gravity

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 14, 2009: The focus of the domestic bisphenol A market is low and the market appears to be soft.
On the last trading day (July 13), the mainstream transaction price in the mainstream market in East China, although it remained in the range of 9,700-9800 yuan/ton, it was mainly low-end.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market opened at the beginning of the week, with a general atmosphere and a soft market.
Downstream demand continued to be weak, receiving goods cautiously, and external quotations were firm and imported.
Merchants are not enthusiastic about entering the market, and the market as a whole has a strong wait-and-see attitude.
Although bisphenol A has bucked the trend in both internal and external markets, the 20% decline in international crude oil since July has caused a lot of worries.
Can most petrochemical products continue to be maintained and whether costs can become a follow-up support? Market participants are generally worried.
At present, the cost of the phenol ketone market is supported and the spot price has stopped falling.
The external phenol rose sharply at the beginning of the month and then calmed down.
The negotiation level was 890-930 US dollars/ton (CFR China's main port), and sporadic transactions were concluded; the acetone external disk steadily rose slightly to 640-710 US dollars /Ton (CFR China's main port), the traditional downstream demand is off-season, and the domestic ample inventory is suppressed.
The market buying intention is slightly lower, at 620-640 US dollars/ton (CFR China's main port).
The performance of the crude oil market was unsatisfactory, and the two major raw materials continued to struggle upwards.
In the later stage, the manufacturers tried to maintain profits or stop losses, and there were no shortage of production reduction plans.
Due to the recent eye-catching performance of the pure benzene market, the attention of the bisphenol A market has shifted to this point.
Whether the pure benzene external disk has been significantly adjusted and whether it is a drag on the bisphenol A market remains to be further observed, and the market outlook is not very optimistic.

On the last trading day (July 13), the domestic bisphenol A market fluctuated within a narrow range, the transaction was weak, the operating atmosphere was calm, the overall transaction was limited, some low-end prices showed signs of decline, and the external market was strong at US$1,200/ton (CFR China's main port).
Importers are not enthusiastic about entering the market, and market discussions are light.

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Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name