Daily review of BPA: lower offers

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 30, 2009: The domestic bisphenol A market offers lower offers and the atmosphere is sluggish.
On the last trading day (December 29), the mainstream transaction price in the East China region of the mainstream market was temporarily maintained at 12,800-13,000 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the market opened flat on the same day and the operation was weak.
Buyers and sellers mostly wait and see, and the offer level tended to fall.
First-hand merchants made low-end shipments.
Not much interest, some intermediate merchants make inquiries to cover up their positions at an appropriate price, and the overall transaction is average.
At the end of the year, the financial pressure of some merchants realized, low-price shipments lowered the market, and the focus of negotiation was shifted; the weak consolidation of phenolicone and the high fluctuation of bulk commodities also made it difficult for BPA to escape the fate of consolidation.
The dispute between Russia and Ukraine revived at the beginning of the week and international oil prices were hit.
After a 5-week high, the strong momentum of pure benzene, Europe, and Asia continues.
Under the high external market, mainstream businesses still hold positions and wait and see.
Before New Year's Day, there should be narrow fluctuations.
For half a month, the spot bisphenol A market has been weak and the external market has topped and turned into a stalemate.
Recently, crude oil and pure benzene have oscillated higher.
Compared with the raw material phenol ketone, the negative and the fall are more than intertwined.
In addition, the downstream epoxy resin is less clear at the end of the season.
Wait and see; the current regional market supplier offers are maintained at US$1,600/ton (CFR China's main port), and firm negotiations are mostly US$1,550/ton (CFR China's main port).
The overall transaction volume is still small; in view of pure benzene There is little pressure on high levels and inventory, manufacturers are not willing to ship at low prices, and mainstream importers in the market also say that low prices in US dollars are hard to find.

On the last trading day (December 29), the domestic BPA market continued to be weak, and the market was still on the sidelines.
The offer level fell and the negotiation range decreased.

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Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name