Daily review of BPA: still picking up

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] June 11, 2009: The domestic bisphenol A market is undergoing consolidation and is still picking up.
On the last trading day (June 10), the mainstream transaction price in East China in the mainstream market rose again to the range of 9,300-9,400 yuan/ton, an increase of 100 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), market transactions on the day were light, and traders were reluctant to sell and increase prices.
Benzene soared by US$37.
5/ton (to US$726.
5/ton FOB Korea), and the cost supported the market's high-level operation and high-level shock operation.
The downstream follow-up is weak and narrow-range consolidation is the main factor-although the market is consolidating at a high level, market transactions are limited, the wait-and-see atmosphere is strong, and low-end resources are hard to find.
The focus of negotiations is gradually moving closer, and the downstream inventory is gradually digested, but the receiving is more cautious.
The transaction center of the raw phenol market shifted upward, and some downstream factories showed signs of stocking up, but they still wait and see and the transactions are not many.
The East China region refers to the negotiation of 6900-7000 yuan/ton; the acetone market continues to rise slightly, the East China region refers to the negotiation of 5650-5700 Yuan/ton, some businesses are concerned about reducing demand, shifting to the external environment and upstream products.
At present, the market demand has not changed much, and the downstream terminal demand is sluggish-epoxy resin and polycarbonate, the market is slow, the transaction is weak, the main product inventory is digested, the enthusiasm for purchasing raw materials is not high, and the bisphenol A market lacks quantitative support ; However, crude oil consolidates in shocks and pure benzene consolidates within a narrow range.
The outlook for the market is still relatively optimistic.

    On the trading day (June 10), the domestic bisphenol A market quotation was firm, trading merchants were reluctant to sell and were optimistic, operating within narrow fluctuations, and trading volume was limited.

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