Daily review of BPA: Consolidation is high

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News from November 20, 2009: The domestic bisphenol A market is lingering and the market is temporarily stable.
On the last trading day (November 19), the mainstream transaction price in East China in the mainstream market maintained a range of 11,800 to 11,900 yuan/ton for the time being.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market offer on the day was firm and still at 12,000 yuan/ton or above.
Actual negotiations are narrowing, cost support, and trading business mentality.
For the better, some products are waiting to rise, and there is a strong wait-and-see atmosphere.
Downstream manufacturers still digest more inventory, and some are ready to use.
However, the negotiation and delivery conditions are general.
Crude oil closed higher in late trading, Asian pure benzene rose sharply, and costs continued to support the domestic market.
Market merchants had an acceptable mentality and paid close attention to the trend.
The market continued to fluctuate within a narrow range.
The trend was temporarily stable and negotiations were general.
The current temporary characteristics are as follows: the market maintains a stable operation for the time being, the overall negotiation is general, the trading merchants have a strong intention to price, some intermediate merchants are active in inquiries, the production equipment is running smoothly, and the delivery is stable.
The raw material phenol market is consolidating at a high level, and there are varying degrees of conflict in the downstream areas, especially in central China.
The negotiated price in East China is 9900-10000 yuan/ton, and the transaction is not much; another raw material acetone continues to rise steadily, and the negotiated price in East China is 7000-7100.
RMB/ton, not many transactions have been heard.
The internal and external markets of pure benzene continue to rise and continue to support bisphenol A.
The market merchants have a good attitude, low-price goods are not high, terminal demand is not good, downstream procurement is not enthusiasm, some of them show a little resistance, and the market fluctuates mainly in a narrow range.
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    On the last trading day (November 19), domestic BPA market inquiries were general, and the offer was firm above 12,000 yuan/ton.

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