Daily review of BPA: Weak shock

[China Epoxy Network (China Epoxy Industry Online)November 15, 2011: The domestic bisphenol A market continues to fluctuate and is weakened.
On the last trading day (November 14, 2011), the mainstream transaction prices in the East China region of the mainstream market began to form a range of RMB 12,100 to RMB 12,300/ton, with a downward adjustment of RMB 200/ton.
According to the analysis of the market experts of China Epoxy Network (China Epoxy Industry Online)the spot market offers few offers on the same day, and some selling intentions are 12,000 yuan/ton, which is still unattractive, and external disks are weak.
Raw materials turned weak, lack of confidence, volatility and weakening, abundant supply, weak demand, and the turbulence of the external environment became the main reason.
Demand is hopeless and the arrival of imports is further impacted.
The external market of bisphenol A was lightly traded, and downstream users and import merchants entered the market weakly.
In November, Jinyang made a counter-offer of US$1,450/ton CFR for cargo.
The two parties had different intentions and the transaction was temporarily limited.
The benchmark price of benzene in Asia FOB Korea is around US$1,000/ton, and the profit of the bisphenol A industry is significantly squeezed.
Domestic bisphenol A market regional market: the mainstream quotation in East China is 12,300 yuan/ton, down 400 yuan/ton, the mainstream transaction price is 12,100~12,300 yuan/ton, down 200 yuan/ton; the mainstream quotation in Huangshan area is 12,400 yuan/ton, down 400 yuan RMB/ton, mainstream transaction price is 12300~12400 RMB/ton, lowered by 200 RMB/ton; mainstream quotation in North China is 12400 RMB/ton, lowered by 400 RMB/ton, mainstream transaction price is 12300~12400 RMB/ton, lowered by 200 RMB/ton ; The mainstream quotation in South China is 12,800 yuan/ton, down 400 yuan/ton, and the mainstream transaction price is 12,600~12,800 yuan/ton, down 200 yuan/ton.

On the trading day (November 14, 2011), the bisphenol A raw material market continued to be sorted out.