Daily review of BPA: Still weak

[China Epoxy Network (China Epoxy Industry Online)March 22, 2012: The domestic bisphenol A market continues to wait and see, and the atmosphere is weak.
On the last trading day (March 21, 2012), the mainstream transaction price in East China in the mainstream market maintained a range of 13,600-13,700 yuan/ton for the time being.
According to the analysis of market experts from China Epoxy.
com (China Epoxy Industry Online)the spot market on the day was flat and mainly wait-and-see.
Recently, the overall upstream and downstream industrial chain has weakened, and Sinopec Mitsubishi’s equipment has restarted.
Growth and weak demand, the wait-and-see atmosphere between buyers and sellers is becoming stronger, some futures prices are slightly lower, and merchants are willing to ship; however, high cost support and resistance are temporarily difficult to break through.
External news is showing signs of weakness and related products are falling and falling.
Oxygen resins continue to shrink in volume and prices, and the industry's market outlook is going to be deeply questioned and cautiously wait-and-see.
The short-term stalemate situation continues for the time being.
The bisphenol A external disk market continues to decline, with cargo and bonded offers of US$1720-1740/ton CFR, down 40-60 US dollars/ton, and buying intentions of US$1700/ton CFR and US$1720/ton CFR can be negotiated.
Regional quotations of the domestic bisphenol A market: the mainstream quotation in East China is 13800-13900 yuan/ton, the mainstream transaction price is 13600-13700 yuan/ton; the mainstream quotation in Huangshan area is 13900-14000 yuan/ton, the mainstream transaction price is 13700-13800 yuan/ton; The mainstream quotation in North China is 13900-14000 yuan/ton, and the mainstream transaction price is 13700-13900 yuan/ton; the mainstream quotation in South China is 14300-14400 yuan/ton, and the mainstream transaction price is 14100-14200 yuan/ton.

On the trading day (March 21, 2012), the bisphenol A raw material market was mainly organized.