Daily Review of Bisphenol A: Stable and Upward

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] August 10, 2010: The domestic bisphenol A market is rising steadily and is still rising.
On the last trading day (August 9), the mainstream transaction prices in the mainstream market in East China began to enter the range of 17,300-17,500 yuan/ton, with an increase of 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Resin Industry Association ( www.
epoxy-e.
cn ), the market was relatively calm that day, the center of gravity was still moving upwards, the related product epichlorohydrin continued to rise, and the trading atmosphere for bisphenol A was positive.
The situation is flat, but the rising gas has not dissipated.
Intermediate merchants can offer sporadic offers of more than 17,500 yuan/ton.
The actual negotiations follow closely and the volume of transactions is scarce; the domestic BPA market continues to be adjusted at a high level.
Sinopec raised its quotation three times and promoted the downward trend.
, Although related products have skyrocketed and have some restraint, the market atmosphere is good, the spot supply is insufficient, and the external market remains high, and the short-term reluctance to sell is still there.
Although the trend of the BPA spot market has slowed down, the external disk is at a high stalemate.
Some cargoes and intermediate merchants have changed hands in U.
S.
dollars and offered US$1980-2000/ton.
Downstream and importers have followed up cautiously, with buying intentions below US$1950/ton.
Refer to the negotiation for 1950～1980 USD/ton.
Prior to this, the Asian market rose for three consecutive weeks.
Last week, it rose by 40-50 US dollars/ton and closed at 1900-1950 US dollars/ton.
There were also transactions at the price of 1970-1980 US dollars/ton; as domestic and foreign markets continued to rise, the import market The cautious wait-and-see sentiment has increased, and the number of foreign trade negotiations has shrunk compared with the previous period.
However, the short-term regional offer price is still strong, and the August cargo offer is US$2,000/ton.

    On the last trading day (August 9th), the BPA market was flat and the atmosphere was rising.

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