Daily Review of BPA: Wait and see still

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 18, 2010: The domestic bisphenol A market is still on the sidelines and the atmosphere is ordinary.
On the last trading day (November 17), the mainstream transaction price in East China in the mainstream market continued to maintain the range of 20,300 to 20,500 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the spot market was flat on the day, the offer was around 20,500 yuan/ton, and the negotiation was narrower.
High-end small orders were traded and the market was deadlocked.
Difficult to change, the gathering of external negative factors, the weak stock market, the mentality of some speculative trading merchants are shaken, the willingness to profit-taking is increasing, and the low prices are gradually showing; the trend of the next market is weak, the start of construction is still limited, the cost is difficult to transmit smoothly, and the intention to purchase raw materials is biased.
However, the overall terminal transaction is not very satisfactory.
The bisphenol A external market continued to remain strong.
Some ocean-going cargoes were offered at US$2,400-2500/ton CFR.
The focus of negotiations was on the mid-end and small orders; the offshore cargo offers were still on the high side and no transactions were heard yet, and some were quoted at 2500.
~ US$2600/ton CFR; the weather is cold and Russian cargo is slightly blocked, and rumors that prices are going to rise in the later period are slightly heard.
Regional quotations of the domestic BPA market: the mainstream quotation in East China is 20,500 yuan/ton, and the mainstream transaction price is 20,300 to 20,500 yuan/ton; the mainstream quotation in Huangshan area is 20,800 yuan/ton, and the mainstream transaction price is 20,500 to 20,600 yuan/ton; the mainstream quotation in North China The mainstream transaction price is 20,800 yuan/ton, and the mainstream transaction price is 20,500 to 20,600 yuan/ton; the mainstream quotation in South China is 21,000 yuan/ton, and the mainstream transaction price is 20,800 to 21,000 yuan/ton.

    On the trading day (November 17), the bisphenol A raw material market fluctuated within a narrow range and was relatively weak, but bisphenol A was not related to it, and the overall market mentality had a slight impact.

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