BPA Daily: Wait and see

[China Epoxy Network (China Epoxy Industry Online)June 23, 2014: The domestic market price of bisphenol A is at a new high, and the sales are reluctant.
On the last trading day (June 20, 2014), the mainstream transaction price in East China in the mainstream market temporarily maintained the range of 13,000 to 13,100 yuan/ton.
According to the analysis by market experts of China Epoxy Network (China Epoxy Industry Online)the spot market is expected to be bullish on the day, but the wait-and-see atmosphere is also there, and the supply of goods continues to be tight.
Some manufacturers’ offers have been raised.
Cargo merchants and downstream customers are looking for directions.
The firm offer is currently unclear, but due to tight supply, merchants are bullish in the short-term.
In the previous period, the external market rose simultaneously, the recent installations were unexpectedly frequent, the hype atmosphere was also strong, downstream passive procurement, and the market was trading.
The focus of investment has risen sharply.
Although raw materials are mixed, cost support still exists; domestic products are tightly supplied, external replenishment is slow, and tight prices may continue to rise, but the cost transfer is slightly difficult, and high transactions may be affected.
The bisphenol A external market rose further.
The Asian region negotiated a CFR of US$1,650-1,680/ton and an increase of US$15-25/ton.
The tight supply in mainland China led to a sharp rise in the spot market, which became the main factor driving the rise.
Regional quotations of the domestic bisphenol A market: the mainstream quotation in East China is 13200-13300 yuan/ton, the mainstream transaction price is 13000-13100 yuan/ton; the mainstream quotation in Huangshan area is 13100-13200 yuan/ton, the mainstream transaction price is 12900-13000 yuan/ton; The mainstream quotations in North China are 13,000 to 13,100 yuan/ton, an increase of 100 yuan/ton, and the mainstream transaction prices are 12,800 to 12,900 yuan/ton; the mainstream quotations in South China are 13,400 to 13,500 yuan/ton, and the mainstream transaction prices are 13,200 to 13,300 yuan/ton.

    On the trading day (June 20, 2014), the upward atmosphere and support of the bisphenol A raw material market increased: (omitted, see the full version for details).

    On the trading day (June 20, 2014), domestic bisphenol A manufacturers raised their offers to respond to the market.