Daily Review of Bisphenol A: High-end Mainly

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 21, 2009: The domestic bisphenol A market continues to consolidate, focusing on high-end products.
On the last trading day (July 20), the mainstream transaction price in East China in the mainstream market still maintained the range of 9,600-9,700 yuan/ton, with high-end prices.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), market offers were firm that day, buyers and sellers were deadlocked, traders were not interested in low-price shipments, and there was a strong wait-and-see approach.
The level of negotiation was still High-end prices, downstream manufacturers are cautious in receiving goods, and transactions are limited.
Recently, crude oil has regained its upward trend and market confidence has rebounded.
Sinopec Mitsui’s immeasurable supply in July was released as a positive news.
At the same time, the external market was strong and low-priced sources were difficult to replenish.
, The market is negatively suppressed and supported, and the upward shock may still be large, but the space is limited.
On that day, domestic market inquiries were active and the atmosphere heated up.
First-hand merchants considered that external disks remained high, low-priced resources were difficult to supplement in the later period, and they were reluctant to sell.
The current downturn in demand is still negative and restricts the market from improving.
It is difficult to improve in the short term, and the market fluctuates upward.
The restricted demand is sluggish and the scope is limited.
The overall price was suppressed by energy in the previous period and confidence was frustrated.
As crude oil and pure benzene rebounded in the external market, the mentality of some people improved, the quotation was slightly firmer, and the market was slightly better.
Merchants are not lacking in confidence and may ship at low prices due to financial pressure.

    On the last trading day (July 20), the domestic bisphenol A market had narrow fluctuations and limited transactions.

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