Daily Review of Bisphenol A: Strong Rise

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News from November 17, 2009: Domestic bisphenol A market quotations are firm and the market is rising.
On the last trading day (November 16), the mainstream transaction price in the East China region of the mainstream market entered the range of 11,700 to 11,800 yuan/ton, and was raised by 300 yuan/ton.
Market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that the market continued to rise strongly that day.
Due to the support of higher raw material costs and the upward adjustment of domestic manufacturers, the offer began to touch 12,000 yuan/ At the ton mark, the actual negotiation has formed a new range, the trading business mentality is acceptable, the wait-and-see atmosphere is strong, and the transactions are not heard much.
In the background of recent cost increases, the focus of internal and external negotiations has risen step by step.
First-hand merchants are reluctant to sell goods, and intermediate merchants are active in inquiries.
Downstream manufacturers are testing inquiries and some replenishment on demand.
The market digests the early benefits mainly, and the increase may be narrowed in the future.
.
Given that the market is optimistic and merchants are even more reluctant to sell, some of the listings are waiting to rise, relative transactions are relatively small, manufacturers have once again increased their quotations, and the market is tense.
It is expected that the short-term market will continue to rise.
Industry insiders purchase on demand and operate with caution.
The external market for bisphenol A rose strongly.
The negotiated price was US$1310-1,360/ton (CFR China’s main port), with an increase of US$40-60/ton.
This was mostly driven by the strong raw materials and the improvement of China’s spot market; the regional market’s cargo offer was 1350.
~1370 US dollars/ton (CFR China main port), the buying intention is slightly lower by 30-50 US dollars/ton.
Last week, Jinyang talks concentrated in the range of 1320-1350 US dollars/ton (CFR China main port), which has reached a record high in 2009.

On the trading day (November 16), the domestic BPA market rose again.
First-hand merchants are reluctant to increase sales and offer strong offers.

Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name