BPA Daily: Cost is still supported

[China Epoxy Network (China Epoxy Industry Online)May 29, 2014: The domestic bisphenol A market continues to fluctuate at a high level.
On the last trading day (May 28, 2014), the mainstream transaction price in the East China region of the mainstream market continued to maintain the range of RMB 12,400 to RMB 12,450/ton.
According to the analysis of the market experts of China Epoxy.
com (China Epoxy Industry Online)the spot market continued to pick up on the day, the cost still remained, the high level fluctuated, and the operation was organized.
The raw material market was high and the cost pressure was obvious.
As a result, the price of goods has remained strong.
On the other hand, there are not many import resources, high price offers from shippers, low prices are reluctant to sell, and slightly higher prices are also heard; however, the downstream ring is slow to follow up, and raw materials are mainly digested in contracts.
Spot purchases are flat and manufacturers There is a strong sense of price with intermediate merchants, low-priced sources are difficult to find, and related products are pulling up and down endlessly.
The downstream mostly wait and see and pay close attention to the follow-up terminal purchases.
The external market of bisphenol A fluctuated within a narrow range, and the Asian region was negotiating at US$1620-1630/ton CFR China.
Although on-site costs promoted a rebound, there were clear differences in the foreign market negotiations.
Cost support and manufacturers’ offers were firm at US$1,700/ton CFR, as well as Southeast Asian ships.
The cargo turnover was US$1,710/ton CFR.
Intermediary merchants offered slightly higher offers and market follow-up was still slow.
Regional quotations of the domestic BPA market: mainstream quotations in East China are 12500-12600 yuan/ton, mainstream transaction prices are 12400-12450 yuan/ton; mainstream quotations in Huangshan area are 12500-12600 yuan/ton, mainstream transaction prices are 12400-12450 yuan/ton; The mainstream quotation in North China is 12,400-12500 yuan/ton, and the mainstream transaction price is 12,300-12350 yuan/ton; the mainstream quotation in South China is 12700-12800 yuan/ton, and the mainstream transaction price is 12600-12650 yuan/ton.

    On the trading day (May 28, 2014), the bisphenol A raw material market continued to be consolidated and the operation was strong: (omitted, see the full version for details).

    On the last trading day (May 28, 2014), domestic bisphenol A manufacturers had strong operations and stable offers.