Daily Review of Bisphenol A: Stable, moderately soft

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on August 13, 2009: The domestic bisphenol A market has a slight downturn and the market is stable and slightly softer.
On the trading day (August 12), the mainstream transaction price in East China in the mainstream market could still range from 10,800 to 11,000 yuan/ton, but the low-end is the main one.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was affected by the correction of crude oil and the plummet of pure benzene that day.
Confidence has been frustrated and the center of gravity has fallen.
The range of 10,700 to 10,900 yuan/ton may be As a result, downstream manufacturers are not enthusiastic about entering the market, and they still purchase more on-demand.
The overall market transaction is still not good.
At present, the market is steadily showing a slight weakness, some profitable products are expected to be shipped, downstream follow-up is still limited, and market transactions continue to be poor.
Crude oil closed in late trading on the 11th, and Asian pure benzene plummeted by US$38/ton.
The market mentality was suppressed and the market fluctuated within a narrow range.
In fact, the domestic bisphenol A market, after the previous surge, had a difficult momentum and gradually turned into a consolidation.
The market was slightly lighter, and the market turned slightly weaker.
The raw material phenol market is consolidating and running, and some areas show signs of a fall in false highs.
The mainstream negotiation in East China is 8200 yuan/ton or slightly lower, lacking downstream follow-up support, and the negotiation price has dropped; the acetone market is operating smoothly, and wait-and-see is the mainstay.
East China The mainstream talks in the region are 6000-6100 yuan/ton, and downstream factories are under-starting and demand is still sluggish.
As crude oil fluctuates downward and the market mentality is slightly suppressed, downstream demand is slow to increase, cost transfer is difficult, and the overall market is limited in follow-up, and the market is mainly operating in narrow fluctuations.

    On the trading day (August 12), the domestic BPA market ceased to move upwards and gradually consolidated.

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