Daily review of BPA: Mindset

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on June 10, 2009: The domestic bisphenol A market is slightly warmer and the mentality is turning slightly.
On the last trading day (June 9), the mainstream transaction prices in East China in the mainstream market continued to rise to form a range of 9,200-9,300 yuan/ton, with an increase of 100 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the market quotations on that day were still strong, and trading merchants were reluctant to sell and were optimistic.
The level of negotiation continued to rise slightly, and low prices were mostly ocean-going sources.
Manufacturers are cautious in obtaining goods, and the market lacks substantial discussions.
Crude oil and pure benzene consolidate in a narrow range.
The bisphenol A market has a strong wait-and-see atmosphere.
Traders are reluctant to sell and increase, and actual discussions have risen slightly.
The market's follow-up mentality is relatively optimistic, but downstream factories are cautious in receiving goods and the market is still operating in a narrow range.
At present, the market has a strong intention to pull up, and the overall transaction is limited.
The negotiations continue to be light and the wait-and-see atmosphere is strong.
Merchants are reluctant to sell the market and control the speed of delivery; the external market has weakened slightly, and the estimated price is US$1,090-1,150/ton (CFR China Main Port) ), importers enter the market cautiously and negotiate poorly.
The direct raw material phenol market is rising.
Although the actual downstream consumption has not increased, the market has begun to rise.
The East China region negotiates at 6,900 yuan/ton; the acetone market continues to rise slightly, and the East China negotiates at 5600-5650 yuan/ton, and the transaction is average.
In the market outlook, the crude oil market is mainly operating in shocks, and pure benzene continues to rise both internally and externally, which seems to continue to support the bisphenol A market; however, the demand situation is unlikely to improve in the short-term, and the market lacks scale support.

On the last trading day (June 9), the domestic BPA market sentiment was slightly better, trading was still weak, low-priced resources were hard to find, merchants were reluctant to sell, the market was mainly operating in turbulence, downstream demand was sluggish, and market mentality was mixed.
Last week, crude oil fluctuated at a high level, pure benzene took advantage of the trend, and bisphenol A external disk remained high.

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