BPA Daily: Negotiation deadlock

[China Epoxy Network (China Epoxy Industry Online)October 23, 2013: The long-short game in the domestic bisphenol A market, the tone continues.
On the last trading day (October 22, 2013), the mainstream transaction price in East China in the mainstream market began to enter the range of RMB 12,350 to RMB 12,400/ton, with a decrease of RMB 50/ton.
The market experts of China Epoxy.
com (China Epoxy Industry Online)indicated that the spot market remained on the sidelines on that day.
There were many wait-and-sees on the market, and the trading was smooth.
Actual discussions were temporarily deadlocked and mostly low.
The high-end quotations are still dominant, but they are not attractive, the downstream is weak and fluctuating, and the overall industry chain quotations have dropped slightly.
Bisphenol A's external market was weak in a narrow range and continued to decline.
Negotiations were between 1,580 and 1,640 US dollars/ton CFR and a reduction of 10-20 US dollars/ton.
Buyers entered the market cautiously and market transactions were flat; raw material phenol ketones were high and manufacturers cost pressures.
The foreign offer is US$1600/ton CFR, the bid intention is US$1550/ton CFR, the close ocean bonded transaction is US$1,610/ton CFR, and the Southeast Asian cargo is offered US$1720/ton CFR.
Domestic bisphenol A market regional quotation: mainstream quotations in East China are 12500-12600 yuan/ton, down 200 yuan/ton, mainstream transaction prices are 12350-12400 yuan/ton, 50 yuan/ton; mainstream quotations in Huangshan area 12700-12800 yuan/ Ton, down 200 yuan/ton, mainstream transaction price 12550-12600 yuan/ton; mainstream quotation in North China 12700-12800 yuan/ton, down 100 yuan/ton, mainstream transaction price 12500-12600 yuan/ton; mainstream quotation in South China 12700 ~12800 yuan/ton, down 200 yuan/ton, mainstream transaction price 12550~12600 yuan/ton, down 50 yuan/ton.

On the trading day (October 22, 2013), the market sentiment of bisphenol A raw materials was sorted out and hovering at a high level: (omitted, see full version for details)

    On the trading day (October 22, 2013), domestic bisphenol A manufacturers continued to maintain and most of them closed.