Daily Review of BPA: Cautiously Optimistic

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on April 16, 2009: The domestic bisphenol A market continues to improve and is cautiously optimistic.
On the last trading day (April 15), the mainstream transaction price in East China in the mainstream market formed a range of 9,000-9200 yuan/ton, and the high-end price was raised by 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market’s wait-and-see atmosphere was still strong that day, buyers and sellers were not motivated to enter the market, and there was a lack of clear offers.
Traders were reluctant to sell and wait and see the market.
Buyers in downstream industries are cautious in obtaining goods, prices continue to rise slightly, inquiries are strong, and transactions are limited.
At present, the mainstream market offer is strong at 9,500 yuan/ton, and the negotiation is up to 9,200 yuan/ton; the external offer continues to rise and has reached 1,200 US dollars/ton (CFR China's main port), but the negotiation is also relatively light, and domestic traders have more consideration —— It is difficult to make up for low-priced resources in the later stage.
Phenol in the raw material market continues to rise.
The negotiated price in East China is 7,000 yuan/ton or higher, which is about 100 yuan/ton higher than the previous day.
Domestic petrochemical companies Gaoqiao led the rise, and most of the intermediate merchants also followed the trend; acetone was tightly priced and reluctant to sell Gradually, the negotiated price in Jiangsu area is about 6,500 yuan/ton, and downstream users have difficulty getting the goods.
The raw material pure benzene and phenolic ketone internal and external markets have risen, and the bisphenol A market has passively moved forward.
The downstream epoxy resin and polycarbonate-the market has a strong wait-and-see atmosphere.
Some companies have already digested their preliminary inventory and are still cautious in taking goods.
Supported by many favorable factors, the domestic market is expected to continue to rise slightly.

On the last trading day (April 15), the domestic bisphenol A market was reorganized at a high level, and it was still driven by entrusted costs and operated strongly-this round of market started on Monday and inherited the remaining prestige of last week’s raw materials.

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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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