Daily review of BPA: low trading volume

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 10, 2009: The domestic bisphenol A market is sluggish and consolidates within a narrow range.
On the last trading day (July 9), the mainstream transaction price in the mainstream market in East China was temporarily stable in the range of 9,700-9,800 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market remained weak on the day, with low buying intentions, and the terminal demand is difficult to change, coupled with the frequent decline in crude oil, and the wait-and-see atmosphere Stronger, lack of substantive discussions.
Supported by costs, merchants want to push up, the market climbed slightly earlier, and downstream demand was restricted.
The market remained wait-and-see, and transactions were poor.
The market continued to fluctuate within a narrow range, and it was difficult to increase the volume of transactions.
At present, offers continue to be firm, the market’s wait-and-see atmosphere is strong, transactions are few, high-end difficulties, trading businesses have a positive attitude, and many are reluctant to sell.
The market sentiment for raw phenol is weak.
The negotiated price in East China is 7,300 yuan/ton, and downstream demand is limited; the acetone market is relatively stable, mostly at 5,400-5,700 yuan/ton.
The low-end deals are mostly factory transactions and large intermediary merchants’ inquiries.
Increasing, substantial discussions are limited, and narrow-range consolidation is the main focus.
The current market atmosphere is calm, the market is temporarily stable, the downstream demand is general, the receiving situation has not changed, the confidence in the market outlook is declining, and the current wait-and-see is the main thing; the crude oil in the market outlook has frequently fallen, the pure benzene external market is consolidating within a narrow range, and the bisphenol A external market offer is still relatively strong.
Importers are still more cautious in entering the market, downstream demand is still sluggish, and manufacturers' operating load is not high, and there is limited room for further substantial upside.

On the last trading day (July 9), the domestic bisphenol A market consolidated, the atmosphere improved slightly, and the center of gravity rose slightly.
The negotiation level formed a high-end platform that is trending towards ten thousand yuan.

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