Daily Review of Bisphenol A: Unclear

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] September 22, 2009: The domestic bisphenol A market is not very clear and the market is consolidating.
On the last trading day (September 21), the mainstream transaction price in East China in the mainstream market still remained in the range of 10,800 to 10,900 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), there were strong wait-and-sees in the market on that day, and there were not many active offers.
The downstream was still dragged down by terminal demand, the purchasing intention was weak, and the transaction was temporarily unclear.
The market oscillates mainly.
Sinopec Mitsui's plant has resumed its restart and is expected to be available for sale in the future.
At the same time, the two major manufacturers have slightly increased their quotations; the downstream stocking situation of the National Day approaching is of great concern, and it remains to be observed whether the import and export data will be released in August.
The status of domestic production and sales and the trend of the raw material market are all hotspots of general concern.
At the beginning of the week, the market atmosphere was slightly chaotic.
At present, the quotations of trading merchants are different, some are maintained, and some are high.
However, there is little specific information about transactions for the time being.
Market participants mainly wait and see and mainly focus on the transaction situation.
On the whole, the domestic market has stabilized as a whole.
In the early stage, some merchants had higher purchase costs and cost support, but at the same time, the upstream raw materials were not trending, and the rise of bisphenol A was facing certain difficulties.
The downstream factories had a lot of storage capacity, and the National Day came and there was less interest in stocking, and there was no demand.
Recovery and receiving goods are still showing signs of decline.
The overall atmosphere of the external market is general and deserted.
The negotiable price of near-foreign goods is US$1,220~1250/ton, with limited fluctuations.
The negotiating price of foreign goods is US$1,280-1300/ton, with little change, but importers have little intention to receive the goods.

    On the last trading day (September 21), the domestic BPA market was sorted out, and the buying momentum was weak.

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