Daily Review of BPA: Tired Operation

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on April 29, 2009: The domestic bisphenol A market is operating in a sluggish state, and the market continues to fall.
On the last trading day (April 28), the mainstream transaction price in the mainstream market in East China began to enter a low of 9,200-9,300 yuan/ton, and was reduced by 500 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market continued to operate in a sluggish manner, with a strong wait-and-see atmosphere.
There seems to be a lot of market, trading merchants are actively shipping, and the market is light-driven by the downstream buying up and not buying down mentality; the raw material phenol ketone market continues to consolidate within a narrow range, and the overall lack of more favorable support, the market wait-and-see atmosphere is strong, and inquiries More; major domestic manufacturers operate under low load, including: Sinopec Mitsui plans to conduct maintenance from May 20 to June 20, and Bayer Shanghai will stop for maintenance from May 25 to June 20, which will have a slight impact on the market mentality.
In terms of external disks, the US dollar market continued to be strong.
The mainstream offer in the regional market was US$1,200/ton (CFR China's main port), and the negotiated price was slightly lower.
In May, the centralized maintenance of equipment in Asia and the reduction of supply continued to provide support for the spot and US dollar markets.
The raw material phenol market has sold out in the early stage.
Due to the resistance of the downstream factories, the price has fallen, and then is in a weak consolidation state.
The price in East China is 7600-7800 yuan/ton; the acetone market continues to fall slightly, lacking favorable support, and the price in East China is 6700.
~6750 yuan/ton.
The international crude oil market is volatile, and the domestic BPA market is difficult to change and lacks more favorable support.

    On the last trading day (April 28), the domestic bisphenol A market remained on the sidelines and the wait-and-see atmosphere was strong.

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