BPA Daily: Confidence is suppressed

[China Epoxy Network (China Epoxy Industry Online)November 12, 2013: The domestic bisphenol A market lacks good and weak points.
On the last trading day (November 11, 2013), the mainstream transaction price in the East China region of the mainstream market began to maintain the range of 11,800 to 11,900 yuan/ton.
According to the analysis of market experts from China Epoxy.
com (China Epoxy Industry Online)the spot market remained on the sidelines on that day, the market fell successively, the confidence of the industry was suppressed, and the merchants with the goods mainly shipped on the market.
, But the downstream demand is weak, the buyers are not buying or buying, the buyers are cautious in entering the market, and the transaction volume is slow; in view of the impact of their own supply and demand fundamentals, the short-term weak consolidation trend may continue.
The current market-related news is relatively empty, and downstream terminals and intermediate merchants are mostly Wait and see, the short-term bearish atmosphere is permeated, and the overall situation is difficult to change when the market is weak.
The bisphenol A external market is in a weak state.
In Europe, as Asian offers tend to be low, spot prices have dropped to their lowest point since October.
Korean products have especially brought downward pressure, and Russian products have also hit market sentiment, especially in South Korea.
The price of the goods is the lowest, the demand is low, and the local factories are unable to offer the current price background.
Domestic bisphenol A market regional quotation: mainstream quotations in East China are 12,000-12,100 yuan/ton, mainstream transaction prices are 11,800-1,1900 yuan/ton; mainstream quotations in Huangshan area are 12100-12200 yuan/ton, mainstream transaction prices are 12,000-12100 yuan/ton; The mainstream quotation in North China is 12,100-12,200 yuan/ton, and the mainstream transaction price is 11,900-12,000 yuan/ton; the mainstream quotation in South China is 12200-12300 yuan/ton, and the mainstream transaction price is 12,000-12100 yuan/ton.

On the trading day (November 11, 2013), the bisphenol A raw material market was operated cautiously and slightly differentiated: (omitted, see the full version for details).

    On the trading day (November 11, 2013), domestic bisphenol A manufacturers continued to close their shares without changing the wait and see.