Daily review of BPA: the center of gravity has softened

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] June 22, 2009: The domestic bisphenol A market is weak, the market is hovering, and the center of gravity is softening.
On the last trading day (June 19), the mainstream transaction price in East China in the mainstream market temporarily maintained the 9500-9600 yuan/ton range, but the center of gravity was at the low end.
According to the analysis of market experts from China Epoxy Resin Industry Association (www.
epoxy-e.
cn), market conditions on the day weakened slightly, some trading businesses’ opinions changed slightly, and they lacked confidence in the later market.
The selling arbitrage behavior was slightly obvious, and the overall market transactions were not.
good.
The raw material phenol market is mainly consolidating within a narrow range, and the enquiry atmosphere has improved slightly.
The negotiation price in East China is 7250-7300 yuan/ton, and trading companies have obvious intention to push up; the weaker acetone market is slightly lower, and the negotiation price in East China is 5600 yuan/ton.
Wait and see The atmosphere is strong and the transaction is relatively light.
After the recent rise in the BPA market, it has gradually returned to fundamentals.
The weak terminal demand is not easy to improve in the short term.
The market has a strong wait-and-see atmosphere and downstream manufacturers are cautious in obtaining goods.
The market continues to consolidate within a narrow range.
In short, the domestic bisphenol A market is temporarily stable, the market is slightly consolidated, the top support is still good, the center of gravity has softened slightly to the low end, the downstream plants are generally started, the overall demand has not increased, and the buyers are cautious in receiving the goods and wait and see.
The cost transmission of the international raw material market and the provision of market speculation are good, but spot resources are still abundant, downstream trading is thin, terminal demand is sluggish, international crude oil continues to rise, and there is some support for basic costs.
The short-term atmosphere can be maintained and it is expected to maintain stable operation for the time being .

    On the last trading day (June 19), the domestic BPA market was slightly sluggish, with a slight stalemate in trading and a relatively stable mentality.

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