Bisphenol A Daily Review: The market is stalemate

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 8, 2009: The domestic bisphenol A market is stalemate, and the mentality is positive.
On the last trading day (July 7), the mainstream transaction price in East China in the mainstream market can be increased by 100 yuan/ton in the first-line and low-end markets of ~9,700 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was in a stalemate on that day.
In view of the high external market and the difficulty of replenishing low-priced resources in the later period, trading companies have firm offers and are reluctant to sell.
The market mentality is improving, but downstream demand is sluggish.
Most buyers purchase on-demand and have a strong wait-and-see atmosphere.
The negotiation level slowly climbs to 9,700 yuan/ton platform.
The domestic market is affected by the support of entrusted costs, the seller's offer continues to be firm, the intention of low-price shipments is not high, the downstream demand is still weak, the market lacks scale support, the market fluctuates within a narrow range that day, the downstream wait-and-see atmosphere is strong, and the market transaction is difficult to increase.
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The atmosphere is fair throughout the day, with external disks and cost support.
The market trade merchants are quoting 10,000 yuan.
Epoxy resins in the application field are still sluggish, and inquiries are not positive.
The overall transaction is average, and the market outlook is more wait-and-see.
At present, the domestic market atmosphere is acceptable.
Supported by external disks and raw material costs, the seller’s quotations continue to rise strongly and the focus is high-end.
However, downstream demand is always weak and still sluggish, inquiries are negative, and there is not much news about negotiations.
The overall two parties continue to wait and see.
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The main positive factors in the market are: pure benzene and US dollar prices provide certain support, the external market is still strong, low-price replenishment is not easy, merchants are bullish and reluctant to sell; at the same time, the downstream demand continues to be sluggish, the factories are not actively following up, and the market rise is limited.

    On the last trading day (July 7), the domestic bisphenol A market fluctuated within a narrow range, with a slight increase.

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