Daily review of BPA: Cautious when entering the market

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] September 28, 2009: The domestic bisphenol A market has insufficient trading atmosphere and both parties are cautious when entering the market.
On the last trading day (September 27), the mainstream transaction price in the East China region of the mainstream market was temporarily in the range of 10,600-10,800 yuan/ton, and the low-end price was reduced by 100 yuan/ton.
According to analysis by market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), market talks were still lacklustre on that day, mainstream reference talks moved down slightly, raw material pure benzene continued to fall, and the external market declined within a narrow range.
Downstream manufacturers wait and see and are more cautious in entering the market.
The Asian bisphenol A external market weakened.
Last week, it closed down 20-30 US dollars/ton to 1,200-1250 US dollars/ton, mainly due to the continuous decline of upstream raw materials and the weak consolidation of bulk commodities.
The market was bearish.
As the National Day holiday is approaching, many manufacturers in the near-ocean region have taken actions-reducing burdens or slightly lowering prices to cater to the market.
The mainstream market offers US$1250-1280/ton (CFR China's main port).
Market sources say that some low-end transactions At 1200～1240 US dollars/ton (CFR China main port), a small amount of buying intention is 1200 US dollars/ton (CFR China main port); the current price of pure benzene has fallen to 700 US dollars/ton (FOB Korea), and the price difference between bisphenol A Extending to more than US$500, under the current weak consolidation of the overall commodity, the market is mostly bearish on October prices, and the trend in the later period of the outer market seems to be unlucky.
Last week, crude oil fell sharply, the pure benzene market was stable, and the domestic bisphenol A market weakened slightly.
In the week, the market will be affected by the following factors: international crude oil and raw material pure benzene market trends; external market trends; downstream epoxy resin production and demand; trade Merchant mentality and operation, downstream inventory consumption.

On the last trading day (September 27), the domestic BPA market was still negotiating, and buyers and sellers were not fully enthusiastic about entering the market.

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Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name
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