Daily review of BPA: still soft

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] August 18, 2011: The domestic bisphenol A market is still soft and continues to adjust.
On the last trading day (August 17, 2011), the mainstream transaction price in East China in the mainstream market began to form a range of 16,800-17,000 yuan/ton, and the low-end was reduced by 100 yuan/ton.
According to analysis by market experts of China Epoxy.
com (China Epoxy Industry Online) www.
epoxy-e.
cn, the spot market continued to open weakly on the day, and some offers hovered below 17,000 yuan/ton.
There were few firm discussions and overall transactions.
End users continue to wait and see cautiously and wait for clarity.
It is expected that the short-term market will not be able to make a big difference; the domestic interest rate hike is expected to reignite, and the market outlook has revived.
The recent decline in BPA spot is difficult to stop, and there are even signs of collective fleeing.
At present, downstream users have a mentality of buying up and not buying down, and few firm offers follow up.
It is expected that market conditions will continue to change slightly.
The bisphenol A outer disk market fluctuated and declined.
In August, 1,000 tons of cargo were sold at US$2050/ton CFR, intermediate merchants cleared inventory, and 1,000 tons of goods were sold to terminal factories at US$2020/ton CFR, and 500 tons of bonded cargo were resold by dealers.
For end users, this is the same; there are hundreds of tons of Korean goods in the middle of the transaction between 2050-2060 US dollars / ton CFR.
Regional quotations of the domestic BPA market: the mainstream quotation in East China is 17000-17200 yuan/ton, the mainstream transaction price is 16800-17000 yuan/ton, and the low-end price is reduced by 100 yuan/ton; the mainstream quotation in Huangshan area is 17300 yuan/ton, and the mainstream transaction price is 17000 ～17,200 yuan/ton, down 100 yuan/ton; the mainstream quotation in North China is 17,300 yuan/ton, the mainstream transaction price is 17,000-17200 yuan/ton, and the low-end price is down 100 yuan/ton; the mainstream quotation in South China is 17500-17700 yuan/ton, The mainstream transaction price is 17300-17500 yuan/ton, and the low-end price is lowered by 100 yuan/ton.

    On the trading day (August 17, 2011), the bisphenol A raw material market remained dominant (slightly, see the full version for details).

    On the trading day (August 17, 2011), domestic bisphenol A manufacturers wait-and-see operations, and some of them are lowered.