Daily review of BPA: good mentality

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 7, 2009: The domestic bisphenol A market is still in a good state of mind and the market remains unchanged.
On the last trading day (December 4), the mainstream transaction price in East China in the mainstream market continued to hover in the range of 12,300 to 12,500 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), there were still not many market discussions on that day, and prices were mainly maintained.
Market transactions were insufficient and mostly affected by poor terminal demand.
The overall enthusiasm for entering the market was still evident.
In general, however, trading businesses have a positive attitude, and some are reluctant to sell.
Domestic manufacturers' installations are running smoothly, and follow-up trends require attention.
The raw material phenol market continues to rise.
The negotiated price in East China is 10,500-10,600 yuan/ton, and the price is raised by 100 yuan/ton.
The downstream is not interested in high quotations and temporarily wait and see; the market price of acetone continues to rise slightly, and the negotiated price in East China is 7,700-7800 yuan/ Tons, increase by 100 yuan/ton.
The domestic market quotation was firm that day, the trading atmosphere in the afternoon was slightly active, and the price difference between regional markets was narrow.
Some merchants held goods mostly for profit.
The market outlook was slightly risky, and the phenomenon of reversed goods was highlighted.
It is expected that the short-term market will be stable.
Rise, industry insiders purchase on demand and operate cautiously.
Asia's pure benzene reached US$957/ton (FOB Korea), continuously hitting new highs in the recent market, and the trend of direct raw material phenol ketone continued to rise; cost support, the center of gravity of bisphenol A continued to rise, and the quotation of foreign goods has been at US$14,600/ton (CFR).
China's main port), the negotiation can be $14,300-14,500/ton (CFR China's main port).
Subsequent changes in the domestic market are worthy of attention, and it is still possible to fluctuate upward.

    On the trading day (December 4), the domestic BPA market atmosphere was still good, negotiations were high, raw materials continued to rise, and major domestic manufacturers’ dynamics still needed attention.

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