Daily Review of Bisphenol A: Temporarily Quiet

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] June 17, 2010: The domestic bisphenol A market is temporarily quiet and weak at a low level.
On the last trading day (June 13), the mainstream transaction price in East China in the mainstream market could still maintain the range of 14,900-15,200 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market’s performance on that day was relatively quiet and flat.
As the last trading day before the holiday, many people in the industry left the market early and sentiment waned.
The overall market Trading was quiet, and there were not many real discussions.
The downstream focus shifted more attention to the post-holiday period, and high volume transactions were slow.
During the week, market conditions fell again, raw materials fell sharply, weak demand suppressed, trade merchants were unable to stabilize prices, some low prices and volume, and both volume and price fell are still the current characteristics.
During the week, crude oil prices fluctuated and the upstream phenol ketone market fell sharply.
The confidence of the BPA marketers fell again.
The downstream demand was deserted.
Many manufacturers continued to stop and reduce production.
There were not many purchases and the intermediate merchants were struggling to pay.
The market showed a priceless situation After the middle of the week, some sellers have a poor mentality, shipment prices have fallen slightly, negotiating prices have fallen back, demand has become increasingly deserted, and the downstream has maintained a wait-and-see consumption of warehouses.
Sellers have different mentalities and some lack of confidence.
In short, the spot market for bisphenol A turned weak during the week, the upstream raw materials were significantly negatively suppressed, and the overall mentality was slightly empty.
Before the Dragon Boat Festival, oil prices and commodity futures were suspended.
The market lacked clear guidance for the time being.
We will continue to wait and see, and the narrow range will be the main focus.
 

    On the previous trading day (June 13), the bisphenol A market was weak and quiet, and trading was not strong.

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