Daily review of BPA: Slightly stable on weekends

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 27, 2009: The domestic bisphenol A market was stable and slightly calm over the weekend.
On the last trading day (July 24), the mainstream transaction price in the mainstream market in East China continued to maintain the range of 9,800-9900 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market offer was strong and the negotiations were stable on that day.
The overall wait-and-see atmosphere is still visible.
Traders are reluctant to sell and are not willing to sell at low prices.
Recently, the market has been steadily moving upwards, and merchants’ attitudes have improved.
Downstream manufacturers have stimulated purchases and digested early-stage inventories.
They mostly purchase on-demand and have general intent to purchase goods.
The market mainly fluctuates within a narrow range.
The focus of negotiations on the raw phenol market shifted upwards, the level of negotiations in East China was 7,500 yuan/ton, and the increase was 100 yuan/ton.
Downstream enquiries increased, transactions were slightly higher, and the market was bullish; the focus of acetone market transactions rose slightly, and most of them were closed and wait-and-see , Lack of active quotation, for end users basically normal supply, the negotiation level in East China is 5600~5700 yuan/ton.
Recently, international crude oil has fluctuated higher, Asian pure benzene has consolidated within a narrow range, and the external price of bisphenol A has remained high-mainstream offers of US$1,200/ton (CFR China’s main port or above, negotiation level of US$1140～1190/ton (CFR China’s main port) Hong Kong), low-priced resources are difficult to find and are in an upside-down state, which has caused mainstream importers to enter the market cautiously; as the stock market rebounded and the dollar exchange rate fell, US crude oil inventories fell more than expected, economic data improved and stimulated, and the crude oil market rose for 5 consecutive days; both The phenol A market is mostly bullish and has a positive attitude.
Whether the market can enter the 10,000 yuan market and demand support is very important.

    On the trading day (July 24), the domestic bisphenol A market was in a good mood, and negotiations were approaching 10,000 yuan.

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