Daily Review of Bisphenol A: Stop falling and stabilize

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] February 4, 2010: The domestic bisphenol A market has stopped falling, but has slightly recovered.
On the last trading day (February 03), the mainstream transaction price in the mainstream market in East China was widened to the range of 13,300-13,500 yuan/ton, and the high-end price was raised by 100 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the market was positively supported on the day-crude oil rose sharply, pure benzene prices rebounded, and the market sentiment improved slightly in the morning, with sporadic offers rebounded and discussions were small.
Seeing a rebound, the end of the year is approaching, downstream demand is fading, inventory is temporarily digested, and interest in stocking is little, and a small amount of goods exchanged transactions; currently the overall decline has stabilized, short-term negatives are gradually digested, and the market mentality eases.
With the international crude oil shocks rising, It is expected that this wave of consolidation will gradually come to an end, and we will actively pay attention to the trend of external disks and downstream markets.
International crude oil fluctuated slightly higher.
Commodity futures were based on the stock market’s midday drop, which dragged down the overall volatility.
Pure benzene was negotiated at US$935 per ton (FOB) in February.
The spot demand was weak and the transaction was general; the spot supply of phenol was not large, and East China The negotiated price is 11,500 yuan/ton, and the downstream is picked up on demand, and the transaction situation is flat; the acetone price market continues to be deadlocked.
The downstream epoxy resin fluctuates within a narrow range, the market demand is slow towards the end of the year, the high-cost spot is gradually digested, and the recent narrow fluctuations are the main ones.
Cost support, holding merchants are reluctant to sell at low prices, individual downstream manufacturers passively purchase on demand, the atmosphere is relatively active, major negatives are gradually digested, the market mentality is gradually stabilized, and the market fluctuates slowly and increases in volume.

    On the trading day (February 03), the domestic BPA market sentiment changed slightly, the market was slightly warmer, some second-hand merchants made low-price inquiries, difficult transactions, downstream wait-and-see, and limited intent to stock up before the holiday.

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