Daily Review of BPA: Serenity

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] January 19, 2010: The domestic bisphenol A market is calm and continues to maintain.
On the last trading day (January 18), the mainstream transaction price in the mainstream market in East China remained stable at 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 opened calmly and closed steadily on that day, with few downstream inquiries, mainstream merchants staying on the sidelines for the time being, and there were few fluctuations in the level of negotiation, and the transaction was heard.
Not much, the quotations of related products, epichlorohydrin, have been gradually increased, and the focus of negotiations has shifted upward.
At present, the spot market is dominated by sideways.
International crude oil has fallen in a row on the 5th, and pure benzene has been adjusted in depth-it has fallen below 1030 US dollars/ton (FOB).
Related products, cyclochlorine, have risen further, bringing negative impacts to varying degrees; but bisphenol A.
The external market is still favorable.
Due to the lack of production and sales pressure, the domestic manufacturer's cost is supporting the price.
The market spot resource cost is gradually increasing.
It is difficult to replenish the inventory at a low price.
The long-short game and narrow market fluctuations are the main factors.
Pay attention to downstream demand trends.
The national policy tightening policy was released, the unilateral rise of bulk commodities ended, and the chemical product market was clearly differentiated-40% turned negative, 30% sideways, other products' gains slowed down significantly, and the general environment turned weak.
At present, the cost of bisphenol A is getting higher and the external market remains strong in the short-term.
In addition, mainstream holders are very price-conscious and short-term market stability is not a big problem.
All parties are concerned about downstream oil prices, pure benzene, and the trend of the bulk commodity market.
Epichlorohydrin Further impact will be greater.
   

    On the last trading day (January 18), the domestic BPA market fluctuated within a narrow range, the market was stalemate, supported by high costs, mainstream merchants were not able to sell at low prices, downstream on-demand procurement and negotiations were temporarily stable, and the overall transaction and shipment situation was average, related The product epichlorohydrin has risen sharply, intensifying the wait-and-see, and downstream cost pressure has increased again, which is bad for bisphenol A.

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