Daily Review of BPA: Peace of Mind

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News from January 14, 2010: The domestic bisphenol A market has a calm mentality and mainly wait-and-see.
On the last trading day (January 13), the mainstream transaction price in East China in the mainstream market continued to maintain the range of 13,500-13,600 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market opening atmosphere was flat on the day, the dealers’ mentality was calm, the pace of market shipments was flat, the fluctuations were not large, the downstream consumption of inventory, and the short-term negotiation interest was not Strong, the market offer is maintained, the negotiation is above 13,500 yuan/ton, and the spot market fluctuates within a narrow range throughout the day; Japan’s Mitsui Asia’s phenol ketone contract price has been released, among which phenol has risen sharply, but recently oil prices have plummeted, and so is pure benzene—— The intraday plunged more than US$30/ton, international crude oil closed sharply, the aromatic hydrocarbon market in Europe and the United States weakened, and the central bank raised the deposit reserve news, which may cause the stock market and commodities to open lower under pressure.
In short, long and short prices were mixed, and the BPA market was narrow.
Mainly volatility.
Part of the imported goods have arrived and the market is paying attention to costs.
At the same time, we observe the downstream demand situation and subsequent merchants' shipment rhythm.
At present, the main merchants are still very strong and the market outlook is cautiously optimistic.
Low prices are not sold, and the overall trading rhythm has slowed down significantly.
In terms of external disks, the market was cautiously taking orders at high positions, and the near-ocean area offered an offer at US$1,650/ton (CFR China's main port).
As for domestic bisphenol A manufacturers, Bayer Shanghai has raised its quotation, and the spot impact is not significant for the time being.
Sinopec Mitsui’s offer is temporarily stable and the contract supply is maintained.
Wuxi resin 25,000 tons/year plant restarts, Nantong 90,000 tons/year plant feeds Time is difficult.

    On the previous trading day (January 13), the domestic BPA market was calm, with downstream wait-and-sees, the opening operation was relatively flat, and the market range had limited changes.

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