Daily review of BPA: Continue to fall

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 29, 2009: The domestic bisphenol A market was weak at the beginning of the week and continued to fall.
On the last trading day (December 28), the mainstream transaction price in the East China region of the mainstream market has dropped to 12,800-13,000 yuan/ton, down 200 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was still on the sidelines that day, the offer level was down, and the negotiation range was reduced.
The buyers formed a narrow range compared with the offer, and it was near the end of the year and partly.
Merchants’ capital was withdrawn, profit-taking, and the trading atmosphere was dull.
Although oil prices and pure benzene are currently strong, the direct raw material phenol ketone has continued to fall, and the external market is stalemate.
Therefore, the spot market is weak and the downstream intention to accept orders is flat, and the trading day is shortened this week.
, Expected to continue the trend of narrow range fluctuations.
At present, the raw material phenol ketone market is following a downturn.
The reference negotiation level in East China is about 11,800 yuan/ton for phenol and 8650-8700 yuan/ton for acetone.
The market is concerned about the production and sales trends of domestic enterprises.
The opening is quiet and more bearish before the holiday.
Bisphenol A sideways trading in the external market and weak spot consolidation continued, and the focus of the discussions fluctuated downwards.
At present, the demand is sluggish and the market is slowly falling, especially when the capital turnover needs at the end of the year and the beginning of the year.
Merchants partly make profits and ship at low prices, and partly adjust their inventory to follow the market.
The downstream epoxy resin purchase intention is weaker, the number of transactions is limited, and the buyer accepts the goods.
The background of the stalemate, the bisphenol A market will continue to decline year after year, market participants cautiously wait and see, fortunately, energy continues to rise, Asia's pure benzene soars, and the domestic price of pure benzene rises strongly, which still has certain support.

On the trading day (December 28), the domestic BPA market operated weakly, trading was flat, fluctuating within a narrow range, negotiations were down, the market was weak, and the transaction was limited.

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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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