Daily Review of BPA: Wait and see

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on April 1, 2009: The domestic bisphenol A market is consolidating at a high level, but there is still an upward adjustment.
On the last trading day (March 31), the mainstream transaction price in East China in the mainstream market began to form 8000-8100 yuan/ton, with an increase of 200 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the market consolidates and the wait-and-see atmosphere is strong on that day.
The manufacturers continue to start operations and the market offers are still strong.
Refer to the negotiated price to basically maintain, The market inertia rose slightly, domestic spot resources were limited, merchants were reluctant to sell to increase prices, downstream stocks were cautiously obtained, overall transactions were small, the external market continued to rise, and importers were more cautious.
The market is generally operating within a narrow range, and the mentality of holding merchants is relatively good, while the upstream raw material market: phenol has risen to varying degrees, mainly due to the end of the month, the completion of domestic merchants’ tasks, and the overall supply of the market is limited.
Import sources are facing cost pressures and continue to follow the trend Pushing up; Acetone prices have generally risen, with an increase of about 50-100 yuan/ton.
At present, the spot in Jiangsu is still scarce.
This week, the supply of goods is limited and the supply continues to be tight.
The main downstream areas of bisphenol A, epoxy resin and polycarbonate, have rebounded slightly recently.
However, the transaction is limited, the wait-and-see atmosphere is strong, the terminal has not improved significantly, and buyers are more cautious in requesting goods.
The market maintains a slight upward trend.
The Asian market offer was pulled to US$950/ton (CFR China's main port), and actual negotiations also reached US$860-920/ton (CFR China's main port), an overall increase of US$60/ton.

    On the last trading day (March 31), the domestic bisphenol A market was adjusted upwards in a narrow market.

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