Daily review of BPA: weak market

[China Epoxy Network (China Epoxy Industry Online)June 6, 2012: The domestic bisphenol A market remains weak and weak in a narrow range.
On the last trading day (June 05, 2012), the mainstream transaction price in East China in the mainstream market temporarily formed a range of 12,400-12,600 yuan/ton, and the low-end was reduced by 100 yuan/ton.
According to the analysis of the market experts of China Epoxy Network (China Epoxy Industry Online)the actual demand in the spot market on that day was weak, the cost was unfavorable, the pressure was heavy at high levels, and the merchants’ holding costs were relatively strong Resisting the psychology, in the end, the weak demand from the enemy, the bleak real deal, the inability of upstream and downstream, and the lack of effective support, the rebound of the market was short-lived and forced to return to the downtrend.
The market atmosphere for bisphenol A external disks cooled down, and the negotiation further dropped to US$1550~1580/ton CFR.
The spot offer in Southeast Asia was RMB 12,500/ton, and other near-ocean sources were limited, temporarily at RMB 12,600/ton; June ships in Southeast Asia were 210 and 400 tons.
Cargo turnover was 1,720 US dollars/ton CFR, and 300 tons were traded 1,680 US dollars/ton CFR; Ocean Shipping's June offer was 1,650 US dollars/ton CFR, and the buying intention was mostly no higher than 1,600 US dollars/ton CFR.
Regional quotations of the domestic BPA market: the mainstream quotation in East China is 12500-12600 yuan/ton, the mainstream transaction price is 12400-12600 yuan/ton, and the low-end price is reduced by 100 yuan/ton; the mainstream quotation in Huangshan area is 12600-12700 yuan/ton, the mainstream transaction price The price is 12500-12700 yuan/ton; the mainstream quotation in North China is 12500-12600 yuan/ton, the mainstream transaction price is 12500-12600 yuan/ton, and the high-end price is reduced by 100 yuan/ton; the mainstream quotation in South China is 12600-12700 yuan/ton, the mainstream transaction price 12500~12700 yuan/ton, lower-end price is reduced by 100 yuan/ton.

On the trading day (June 05, 2012), the bisphenol A raw material market fell mainly, but remained weak.