Daily review of bisphenol A: a slight increase

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] June 16, 2009: The domestic bisphenol A market rose slightly and continued to pick up.
On the last trading day (June 15), the mainstream transaction price in East China in the mainstream market entered the range of 9,500-9,600 yuan/ton, with an increase of 200 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market opened at the beginning of the week, with a strong wait-and-see atmosphere and a slight increase in the level of negotiation.
The intention is not high, the downstream digests the previous inventory and cautiously wait and see the market trend.
Last week, crude oil and pure benzene rose, and the bisphenol A market rose slightly.
This week, the market still needs to pay attention to past factors: whether the raw material market can continue to support the rise, the mentality of market merchants can remain, and whether downstream industry demand can follow up, it is expected to be within a narrow range Mainly oscillating operation, with limited upside space.
At present, crude oil is surging, bulk petrochemical products are taking advantage of the trend to rise, and the cost is driven, and the bisphenol A market fluctuates upward.
Domestic bisphenol A spot resources are abundant, the market is bullish, first-hand merchants are reluctant to control sales, and intermediate merchants are active in inquiries, and the market speculation has increased; at the same time, the terminal demand level is sluggish.
At present, we still need to pay attention to the dynamics of upstream raw materials, because downstream demand will hardly improve in the short term.
It is expected that the market will be mainly operated with turbulence and the upward space will be slightly limited.
Generally speaking, the market sentiment has improved.
Trading merchants offer firm quotations and wait-and-see.
Downstream factories have started operations and general inquiries are average, and there is still little news about shipment transactions on the same day.
   

    On the trading day (June 15), the domestic bisphenol A market was consolidating at a high level, and the negotiations were light.

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