Daily Review of Bisphenol A: Continued Weakness

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] June 27, 2011: The domestic bisphenol A market continues to be low and weakly fluctuating.
On the last trading day (June 24, 2011), the mainstream transaction price in the mainstream market in East China was temporarily maintained in the range of 17,600-18,000 yuan/ton, mainly at the low end.
According to the analysis of market experts from China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn, the spot market continued to be weak and fluctuated, and the decline narrowed.
The raw material phenol further weakened, and its own external disk continued to fall.
The mentality was insufficient.
The wait-and-see sentiment is strong.
Some ocean-going offers have reached 17,500 yuan/ton and are about to be tested.
There are not many near-ocean sources and lack of mainstream representatives.
When the bottom is to be confirmed, importers and downstream are highly cautious; in short, the spot market is abnormal.
Desolate, with the continued decline in the upstream raw material market, offers continue to fall, and the follow-up is worrying.
Buyers generally wait and see and purchases are very limited.
There is no market for bisphenol A in the external market, and there are few transactions heard from near-ocean sources.
The offer of ocean-going cargo is US$2,200/ton CFR, which has dropped by US$100/ton from the previous negotiation, but it is still unattractive to the market and buyer intentions.
The price is low, the market vacuum has fallen immeasurably, and the downstream decline is expected to increase.
Regional quotations of the domestic BPA market: the mainstream quotation in East China is 18,000-18200 yuan/ton, the mainstream transaction price is 17600-18,000 yuan/ton; the mainstream quotation in Huangshan area is 18200 yuan/ton, and the mainstream transaction price is 17800-18,000 yuan/ton; in North China The mainstream quotation is 18,200 yuan/ton, and the mainstream transaction price is 17800-18,000 yuan/ton; the mainstream quotation in South China is 18500-18700 yuan/ton, and the mainstream transaction price is 18100-18500 yuan/ton.

On the trading day (June 24, 2011), the bisphenol A raw material market was operating weakly (omitted, see the full version for details).

On the trading day (June 24, 2011), domestic bisphenol A manufacturers responded passively and operated low-key.