Daily review of BPA: still up

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] June 12, 2009: The domestic bisphenol A market continues to rebound and is still rising.
On the last trading day (June 11), the mainstream transaction prices in the East China region of the mainstream market maintained a range of 9,300-9,400 yuan/ton, but the center of gravity shifted upward.
The market experts of China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that the market quotations continued to be strong on that day, trading merchants were reluctant to sell and control the volume, and their mentality was positive.
Prices began to consolidate at a relatively high level, and intermediary merchants were active in inquiries.
, The intention to pull up is strong, and the focus of market negotiations continues to move upward.
Crude oil continues to rise, and pure benzene has skyrocketed by US$60.
Supported by entrusted costs, merchants are optimistic, the market continues to fluctuate and climb slightly, and the dynamics of raw materials still deserve attention.
At present, the market atmosphere of BPA is active, but the transactions are average, and the trend of market merchants is attracting attention-the intermediary merchants have an active enquiry atmosphere, and the first-hand merchants are reluctant to sell for the increase and control the volume.
The overall mentality is still relatively optimistic.
The raw material pure benzene rose sharply in the early trading session.
In addition, Sinopec raised its ex-factory price, which is good for a strong stimulus to the market.
Most mainstream holders are closed for gains, and the market outlook continues to be full of expectations; it is good to support the phenol ketone market to go up with the trend, and the level of phenol negotiation in East China 7000 yuan/ton, acetone negotiation level is 5700 yuan/ton, market mentality is acceptable, and stable price sales are the mainstay.
The sluggish terminal demand is still hard to get better, the mid-market hype atmosphere is heating up, the enquiry is more active, the market has a strong intention to pull up, and the raw materials still need to be closely watched.
The bisphenol A market continues to consolidate at a high level.

    On the last trading day (June 11), the domestic BPA market quotation was strong, and the transaction was light.

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