Daily Review of Bisphenol A: The atmosphere is slightly changed

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] May 13th, 2009: The domestic bisphenol A market sentiment has slightly changed and the market has corrected.
On the last trading day (May 12), the mainstream transaction price in the mainstream market in East China rebounded slightly to 9,000-9100 yuan/ton, with an increase of 200 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market sentiment was slightly active on that day, with more buyer enquiries, low-priced resources hard to find, merchants reluctant to sell, and international crude oil fluctuating.
The continuous increase in the internal and external market of pure benzene undoubtedly promotes the improvement of the BPA atmosphere; although downstream buyers are still cautious in purchasing, the inventory is exhausted and the inquiries are more active.
The traders are confident in the market outlook and most cautiously control the speed of the goods, and the sellers are reluctant to sell.
A slight increase is still possible.
At present, the domestic market is temporarily stable and the atmosphere has improved slightly.
The downstream inventory is mostly digested, and the inquiries have finally increased.
The prices of merchants are below 9,000 yuan/ton, the intention to ship is not high, the market mentality is good, and the sales of manufacturers are limited.
As for the external market of bisphenol A, Asia has been stable for three consecutive weeks, and the market reference negotiation level is still stable, about 1100-1150 (CFR China's main port), and the market negotiation market is slightly deadlocked.
In short, driven by the surge in crude oil and the slight increase in pure benzene, the domestic BPA market atmosphere is slightly better, and downstream manufacturers' inquiries are slightly positive.
However, the terminal demand is sluggish and short-term improvement is difficult.
The overall market transaction is still limited and expected to continue to stabilize.
It seems that the conditions for a sharp rebound are not yet available.

    On the last trading day (May 12), the domestic BPA market began to pick up.

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