Daily review of BPA: still bearish

[China Epoxy Network (China Epoxy Industry Online)November 28, 2011: The domestic bisphenol A market is going down and will surely fall again.
On the last trading day (November 25, 2011), the mainstream transaction price in the mainstream market in East China, although it remained in the range of 10,700 to 10,800 yuan/ton, it was mainly low-end.
According to the analysis of the market experts of China Epoxy Network (China Epoxy Industry Online)the spot market was running lightly on that day, the raw materials made up for the decline, the seller’s wait-and-see atmosphere was stronger, and the facts were scarce and uneven.
The market has tended to 10,500 yuan/ton.
The overall mentality is cautious and the merchants are watching closely.
With the overall downturn of domestic and foreign markets and the overall closure of domestic manufacturers without reporting, the market has slowed down and the center of gravity has dropped, and the price gap between the factory and the market has further widened.
Industry losses reappeared, and the weak pattern continued; in short, the market sentiment was sluggish, both internal and external markets were slumped, raw material benzene had been declining, aggravating the negative atmosphere, and the exploration continued towards the weekend.
The external market for bisphenol A further weakened, and the downstream demand in Europe was weak and shipments were not smooth.
Part of the negotiation was 1380-1420 euros/ton (FD Northwest Europe), which was down by more than 100 euros/ton from the November contract, and market buying intentions were low.
Below the end.
Regional quotations of the domestic BPA market: the mainstream quotation in East China is 11,000 yuan/ton, the mainstream transaction price is 10,700-10,800 yuan/ton, mainly low-end; the mainstream quotation in Huangshan area is 11200 yuan/ton, the mainstream transaction price is 10800-11,000 yuan/ton Mainly low-end; the mainstream price in North China is 11200 yuan/ton, the mainstream transaction price is 10800-11000 yuan/ton, and the low-end is mainly; the mainstream quotation in South China is 11500 yuan/ton, the mainstream transaction price is 11,200-11300 yuan/ton, low End-oriented.

On the trading day (November 25, 2011), the bisphenol A raw material market was weak.