Daily review of BPA: still slow

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News from April 10, 2009: The domestic bisphenol A market is still slowing down and continuing to warm up.
On the last trading day (April 9), the mainstream transaction price in East China in the mainstream market began to enter the range of 8,600-8,700 yuan/ton, with an increase of 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), there was a strong wait-and-see atmosphere in the market on that day, a limited transaction scale, a slow increase in the level of negotiation, a relatively low price of ocean-going goods, and a continuous increase in the external market.
Replenishment of low-cost resources is not easy.
In addition, the raw material market is consolidating at a high level, downstream industries have rebounded, end-user demand has slightly warmed, the market is consolidating within a narrow range, and businesses are more cautious.
The market has continued to stabilize and become firm throughout the day, with a good atmosphere.
Raw materials are supported by good support and trading continues to be strong.
Merchants are still reluctant to sell, and the market continues to rise.
The downstream mostly wait and see, and the transaction scale is average.
In the face of the continuous rise in the market, the downstream market, especially at relatively high levels, mainly purchases cautiously and wait-and-see, and the supply of goods is relatively sufficient, so the resistance continues to increase, but the market is improving, raw materials continue to rise, short-term market cost support, Continue to maintain high level operation.
The raw material phenol and ketone market was controlled by the upstream-driven by the surge in benzene and propylene-further rising.
The April offer was pulled to over 700 USD/ton CFR, and phenol was sold at 740 USD/ton CFR.
Domestic manufacturers further reported the increase.
; The strong support of bisphenol A raw materials is not diminished.
Due to the recent profitability and the surge of related products, the market's focus has shifted and the spot trend has gradually slowed.
Continue to focus on raw materials to boost and market discussions.

On the trading day (April 9), the domestic bisphenol A market continued to rise.

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