BPA Daily: The market is firm

[China Epoxy Network (China Epoxy Industry Online)News on June 11, 2014: The domestic bisphenol A market continues at a high level and fluctuates as a whole.
On the last trading day (June 10, 2014), the mainstream transaction price in East China in the mainstream market temporarily formed a range of 12,600-12,700 yuan/ton, and the high-end price increased by 50 yuan/ton.
According to the analysis of the market experts of China Epoxy Network (China Epoxy Industry Online)the spot market was tight and operating at a high level on that day.
Due to the tight supply, the main enterprises’ quotations were raised, and the high downstream costs were passed on.
It is becoming more difficult and cautious to enter the market at a high level.
The mainstream negotiating range is temporarily maintained, and small orders are more close to mid-to-high-end.
It is not easy to inquire at low prices in the market.
At present, the spot resources are still tight and the raw materials are generally high.
However, the downstream push was weak, and it turned into high shocks, and the raw materials were cautiously chasing the rise, and the follow-up rising room was limited.
The trading price of bisphenol A on the external market has risen, mostly driven by rising costs and rising Chinese spot prices.
Some offshore cargoes are offered at US$1,700/ton (CFR China's main port).
Domestic bisphenol A market regional quotation: mainstream quotations in East China are 12800-12900 yuan/ton, raised by 100 yuan/ton, mainstream transaction prices are 12600-12700 yuan/ton, and high-end prices are raised 50 yuan/ton; mainstream quotations in Huangshan area are 12800-12900 yuan /Ton, increase by 100 yuan/ton, mainstream transaction price is 12,600-12,700 yuan/ton; mainstream quotation in North China is 12,700-12,800 yuan/ton, mainstream transaction price is 12,600-12650 yuan/ton, low-end is raised by 100 yuan/ton/high-end is raised 50 yuan/ton; mainstream quotations in South China are 13000-13100 yuan/ton, with an increase of 100 yuan/ton, mainstream transaction prices are 12800-12900 yuan/ton, and high-end prices are raised by 50 yuan/ton.

On the trading day (June 10, 2014), the bisphenol A raw material market box finishing and fluctuations are limited: (omitted, see the full version for details).

    On the last trading day (June 10, 2014), domestic bisphenol A manufacturers continued to increase their offers, and some of them were closed.