Daily Review of Bisphenol A: Continue to Explore

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] January 8, 2010: The domestic bisphenol A market continues to be explored and the atmosphere is active.
On the last trading day (January 07), the mainstream transaction price in East China in the mainstream market began to form 13,300~13,500 yuan/ton, and the high-end price increased by 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Resin Industry Association (www.
epoxy-e.
cn), the market sentiment was good in the morning and the market continued to rise.
International crude oil continued to rise, and the external market was strong.
Expectations are improving, and BPA spot continues to pull.
In the early trading, most merchants waited and watched, and the overall offer exceeded 13,500 yuan/ton.
Actual discussions are approaching within a narrow range and are not very clear.
The regional market is rising overall, and the short-term rise after the holiday is relatively fast.
The downstream digested inventory is temporarily waiting to be seen.
Low-price inquiries, the market shipment volume is not large.
International crude oil has risen for 9 consecutive days, and pure benzene has risen sharply, approaching US$1,100/ton.
The market is more cautious and optimistic, and the volume is reluctant to sell.
Intermediaries are relatively active, and some downstream phased purchases will later turn to wait and see; the foreign market is near the ocean The offer is still above US$1,600/ton, and the purchase price is below US$1,550/ton.
Some ocean-going cargoes are negotiating for US$1600-1620/ton during the week, pending certification.
The raw material pure benzene spot was supported by the skyrocketing external market and Sinopec’s increase.
The focus of the discussion shifted upward, but the previous increase was too fast, and the European market recently closed down.
Therefore, the external buying intention declined slightly.
The offer of 1080 in March and the offer of 1105 US dollars /Ton; the phenol spot market is weak and fluctuating, and the listing of Yanshan in the north has intensified the partial decline; the acetone market is affected by the tight supply, and the partial rise is slightly.

    On the trading day (January 07), the domestic bisphenol A market was strong, the spot market rose rapidly after the holiday, and the mentality was cautiously optimistic.

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