Daily Review of Bisphenol A: Stable Market

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 16, 2009: The domestic bisphenol A market is weak and under-trading.
On the last trading day (July 15), the mainstream transaction price in East China in the mainstream market continued to maintain 9600-9700 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), buyers and sellers in the market were deadlocked and the negotiation level was temporarily stable.
The low-end products were mostly ocean-going goods, and the downstream buying intentions were low, supported by the cost of production.
, Merchants do not have high intention of low-cost shipments, and they still mainly wait and see the market.
The international crude oil fell for several days and the pure benzene market fluctuated within a narrow range.
The external offer of bisphenol A continued to be firm, and the internal market sentiment was calm.
The two sides had a deadlock in trading, and the internal and external markets were upside down.
The downturn in demand still did not improve, and the downstream was more cautious and watched the market.
The market is mainly operating within a narrow range, and it is difficult to increase the volume of transactions.
The bisphenol A market was consolidating within a narrow range and trading stalemate.
The market fell slightly compared with the previous period and the fatigue continued.
Sinopec Mitsui's equipment was still under maintenance and resumed next week.
The external quotation continued to be strong at US$1,200/ton, and market discussions were light.
The raw material phenol market is operating within a narrow range.
The negotiated price in East China is 7100-7200 yuan/ton.
The internal and external disks are obviously upside down, and the wait-and-see atmosphere is relatively strong.
It is still more cautious to operate; the acetone market is not good, and the negotiated price in East China is 5400-5500 yuan/ton.
, High-end transactions are slightly difficult, and the overall market transactions are limited.
The current market sentiment is relatively calm, demand is sluggish, and actual market transactions are limited.
Crude oil is still falling and market confidence is insufficient.
It is expected to continue to operate within a narrow range.

    On the last trading day (July 15), the domestic BPA market was lightly negotiated, and the low-end market was mostly ocean-going.

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