Daily Review of BPA: Chronic Wait and See

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] February 22, 2011: The domestic bisphenol A market is chronically wait-and-see, and the consolidation continues.
On the last trading day (February 21), the mainstream transaction price in East China in the mainstream market still maintained the range of 20,100 to 20,300 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the spot market atmosphere on the day was general, and the market was habitually waiting and watching at the beginning of the week.
Some merchants tried to inquire and look for directions.
The offer level remained unchanged and the negotiation range maintained.
, The firm transaction is still not much throughout the day.
The bisphenol A external disk market is trending strongly.
The February contract framework negotiation in Europe is 1600~1950 Euro/ton (FD Northwest Europe), and the spot free negotiation is 1800~2000 Euro/ton (FD Northwest Europe), mainly due to strong raw materials and insufficient supply.
, And supported by strong downstream demand, the local epoxy resin soared by EUR 150/ton in February.
At present, the overall operation of the industrial chain is strong.
The central bank will raise the reserve interest rate again, and the policy will not be loosened.
The commodity market is mostly in a trend of rushing up and finishing.
What is the market trend this week, still need to pay attention to the downstream procurement, and the changes in related news, and it is expected to fluctuate at a high level sort out.
Regional quotations of the domestic BPA market: the mainstream quotation in East China is 20,500 yuan/ton, and the mainstream transaction price is 20,100 to 20,300 yuan/ton; the mainstream quotation in Huangshan area is 20,500 yuan/ton, and the mainstream transaction price is 20,200 to 20,300 yuan/ton; the mainstream quotation in North China The mainstream transaction price is 20,500 yuan/ton, and the mainstream transaction price is 20,000 to 20,200 yuan/ton; the mainstream quotation in South China is 21,000 yuan/ton, and the mainstream transaction price is 20,600 to 20,800 yuan/ton.

    On the last trading day (February 21), the bisphenol A raw material market was reorganized at a high level and remained strong, and the direct raw material support remained and temporarily closed.