BPA Daily: Local weakness

[China Epoxy Network (China Epoxy Industry Online)October 28, 2013: Most of the domestic bisphenol A market has a wait-and-see and downward tone.
On the last trading day (October 25, 2013), the mainstream transaction price in the East China region of the mainstream market temporarily formed a range of 12,300-12,350 yuan/ton, and the high-end price decreased by 50 yuan/ton.
According to the analysis of the market experts of China Epoxy Network (China Epoxy Industry Online)the spot market talks were deadlocked, fluctuated within a narrow range, some weakened, wait-and-see sentiment, international crude oil continued to fall, and the chemical mentality was frustrated.
The upstream performance was slack and the downstream maintained rigid demand; spot merchants and manufacturers were under cost pressures, temporarily stabilizing prices and not fluctuating much.
Follow-up will pay close attention to internal and external trading and downstream trends.
The short-term market is still narrowed.
Excessive supply of bisphenol A external disk market and sluggish demand.
In October, Asian shipments were abundant, and import prices fell sharply.
The demand for downstream optical grade polycarbonate and liquid epoxy resin was weak, causing prices to fall and further reflecting oversupply.
In addition, China, Demand from Indian buyers is sluggish, and prices may continue to decline in the short term; although raw materials of pure benzene and phenol have risen, they have increased the production costs of local manufacturers and continue to face profit reduction.
Regional quotations of the domestic BPA market: the mainstream quotation in East China is 12500-12600 yuan/ton, the mainstream transaction price is 12300-12350 yuan/ton, and the high-end price is reduced by 50 yuan/ton; the mainstream quotation in Huangshan area is 12600-12700 yuan/ton, the mainstream transaction price 12,450~12,500 yuan/ton, down 50 yuan/ton; mainstream quotation in North China: 12,600~12,700 yuan/ton, mainstream transaction price 12,400~12,500 yuan/ton, high-end down 100 yuan/ton/high-end down 50 yuan/ton; South China The mainstream price is 12700-12800 yuan/ton, the mainstream transaction price is 12500-12550 yuan/ton, and the high-end price is reduced by 50 yuan/ton.

On the trading day (October 25, 2013), the price of bisphenol A raw material market was dragged down and the trend fluctuated: (omitted, see the full version for details).

    On the trading day (October 25, 2013), domestic bisphenol A manufacturers continued to maintain and lacked offers.