Daily review of BPA: sideways operation

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] February 23, 2011: The domestic bisphenol A market is running sideways and maintaining a high level.
On the last trading day (February 22), the mainstream transaction price in East China in the mainstream market still maintained the range of 20,100 to 20,300 yuan/ton, but the center of gravity shifted downward.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the spot market was still on the sidelines that day.
The soaring oil price and the market mentality provided some support, but the impact on actual trading was not significant for the time being.
Mainstream discussions The range remains and the volume is normal.
The related product epichlorohydrin is calm; the cost and good expectations promote, the holding merchants are reluctant to sell, the upstream market performance is relatively strong, and the mentality can still retain some support, but the market sentiment is expected to decline.
The bisphenol A external disk market has risen.
The low-end Asian prices have been raised by US$30/ton to US$2380~2450/ton CFR.
The raw material market is strong, the follow-up device maintenance, and the high support of the Chinese spot market, the main supplier is actively bidding.
The regional mainstream offer is US$2,450-2500/ton CFR, and the cargo from the end of February to the beginning of March is about US$2,550/ton CFR.
Regional quotations of the domestic BPA market: the mainstream quotation in East China is 20,500 yuan/ton, and the mainstream transaction price is 20,100 to 20,300 yuan/ton; the mainstream quotation in Huangshan area is 20,500 yuan/ton, and the mainstream transaction price is 20,200 to 20,300 yuan/ton; the mainstream quotation in North China The mainstream transaction price is 20,500 yuan/ton, and the mainstream transaction price is 20,000 to 20,200 yuan/ton; the mainstream quotation in South China is 21,000 yuan/ton, and the mainstream transaction price is 20,600 to 20,800 yuan/ton.

    On the last trading day (February 22), the market sentiment for BPA raw materials was strong, geopolitical influences, and international crude oil soared-Brent broke through $108/barrel, and New York’s April delivery futures rose another $2/barrel in electronic trading.