Daily review of bisphenol A: wait and see adjustments

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on October 12, 2009: The domestic bisphenol A market waits and sees adjustments, with slight fluctuations.
On the last trading day (October 10), the mainstream transaction price in the East China region of the mainstream market can form a range of 10,700 to 10,800 yuan/ton, with a low-key increase of 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market negotiation range shifted slightly on that day, but the range was limited.
Buyers and sellers were not motivated to enter the market.
There was a strong wait-and-see atmosphere and poor transactions.
In short, there were few discussions.
Light, continue to wait and see.
International crude oil shocks and rebounds and Asian pure benzene steadily rises are undoubtedly good for the bisphenol A market.
The market fluctuates within a narrow range throughout the day.
The current raw material trends, market mentality, and downstream follow-up still need to be paid attention to.
The market is dominated by sporadic negotiations, and the manufacturer’s installations are running smoothly.
The Asian market price has temporarily stabilized at US$1,200 to 1,250/ton (CFR China's main port) before the "11th" holiday to the holiday period.
Due to the Chinese market closed, the negotiations have been almost suspended; Asian pure benzene first declined and then rose, with an upward adjustment of US$50/ton (FOB Korea), and continued to rise on the way to open on Friday, supporting domestic BPA.
There is not much discussion on the raw material phenol market, and the downstream is still mainly consuming inventory.
There are few inquiries and mostly wait-and-see.
A small amount of negotiation in East China is 7700-7800 yuan/ton, and most high-end prices are quotations; the overall acetone market is not much discussed, and most businesses wait and see.
There are few active bidders, and the negotiated price in East China is 5800-5850 yuan/ton.
At present, crude oil is operating in shocks, pure benzene is rising, and the market mentality is stable, but the demand is still sluggish, which is still the market's biggest bearish.

    On the trading day (October 10), the domestic BPA market had very few shipments and weak trading.

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