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[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on August 31, 2009: The domestic bisphenol A market has weakened and the atmosphere has declined.
On the last trading day (August 28), the mainstream transaction price in the East China region of the mainstream market remained in the range of 10,800 to 10,900 yuan/ton, with the low end dominated.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was sluggish on that day, buyers and sellers were stuck in a state of stalemate, traders were not willing to buy goods at low prices, and the downstream was mainly to digest inventory and take orders.
Be cautious and continue to operate within a narrow range as the last trading day of the week.
The main characteristics of the current market are as follows: low trading volume, strong wait-and-see, some merchants’ letter of credit expires, low-price selling and cash-out intentions have increased, but most low-priced goods are not high, and the market is mainly wait-and-see.
After all, low-cost resources are difficult Look for and pay attention to the recent ocean-going cargoes arriving in Hong Kong.
Pure benzene has fallen, mentality has been frustrated, and the wait-and-see atmosphere in the market has increased.
It is slightly difficult to pass on costs due to poor terminal demand.
At the same time, the external market is weakening.
The recent international crude oil fluctuates and fluctuates.
The chemical market has shown signs of consolidation in the stock market and commodities.
The pure benzene, Europe, America and Asia have fallen sharply for several days.
The market sentiment has changed slightly.
The domestic supply of bisphenol A has increased, and the spot stalemate has been weak.
The buying intention has turned weak for 2 consecutive weeks.
The offer is broad at US$1270~1350/ton (CFR China main port), and the limited buying intention of cargo is US$1250/ton (CFR China main port).
A small number of domestic intermediary merchants traded at 1230.
USD/ton (CFR China's main port), the market outlook is more wait-and-see, and it is difficult to rule out the weakening trend in the short-term.
On the last trading day (August 28), the domestic BPA market sentiment was general, the internal and external markets were weakened, the transaction was limited, and the negotiation range was still or slightly lower.
It was also heard that it did not become mainstream; the international crude oil and European and American sub-pure benzene fell.
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