Daily review of bisphenol A: still temporarily stable

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] January 23, 2009: The domestic bisphenol A market is consolidating and is still temporarily stable, on the trading day (January 22) The mainstream transaction price in East China in the mainstream market continues to maintain the range of 7000-7100 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the market was lighter on the day, with limited spot resources and more merchants leaving the market.
Individual high-reported sales were reluctant to sell, and small orders were few and the price was low.
It is still on the front line of 7000 yuan/ton, downstream demand is not high, manufacturers stop for holidays, all parties are gradually entering the holiday, waiting to see the trend after the holiday; the festive atmosphere is getting stronger and more market participants are leaving the market, and the manufacturers are starting with low load and the market There are many small transactions, the downstream consumer demand is shrinking obviously, and the market fluctuations are not large.
All parties have no desire for festivals and wait and see after the festival; the market continues to rise weakly near the festival, the festive atmosphere is permeated, the trading tends to be light, and the market consolidation "greets" the Spring Festival , Price adjustments are the main focus, some merchants have reduced their intention to ship; downstream epoxy resin manufacturers have weakened consumption, parking holidays have gradually increased, raw material demand has shrunk, and trading atmosphere has slowed; when the Spring Festival approaches, market participants leave the market, and the atmosphere returns and exchanges Investment is limited.
In view of the low market outlook and more cautious limited operations, the market's upward momentum is limited, and the market is still focused on turbulence.
It is expected that the festival will remain the mainstay, and the demand after the festival may fall.
The main reason is the downstream epoxy resin industry.
The pre-stocking "overdraft" the demand after the holiday, which is bound to cause the "vacuum" to shrink by then.On the trading day (January 22), the domestic bisphenol A market has become more flavorful every year, and spot resources are entrusted to supply merchants-reluctant to sell and control the volume, keep the price warm-the focus of negotiation has shifted slightly, despite this "good performance" "However, overall demand is poor, buyer consumption is limited, raw materials are weakly consolidating, and the external market is not trending.

The fundamentals of this phase of the market are not strong; the upstream phenol ketone continues to fall, and the mainstream talks in East China-phenol 4800~5000 yuan / ton It is also heard that acetone is 4900-5000 yuan/ton, the center of gravity is at the middle and low end, and both fell by 50 yuan/ton; downstream epoxy resin continues to narrow the market, tentatively seeking purchases, partially digesting inventory temporarily, or turning to US dollars for inquiries.
The overall market transaction volume was average.

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