Daily review of BPA: weakening operation

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] September 3, 2009: The domestic bisphenol A market is weakening and the trading atmosphere is general.
On the last trading day (September 2), the mainstream transaction price in East China, the mainstream market, temporarily maintained a range of 10,700 to 10,800 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market continued to weaken due to the decline in crude oil and pure benzene that day, and the mentality was slightly frustrated.
The negotiation range was still in or slightly lower.
, The main fashion price seems to be able to maintain, most merchants are not willing to buy goods at low prices, and there are not many market transactions.
Crude oil, European and American sub-pure benzene continued to close in late trading, and the overall market turned into a weak operation.
Buyers and sellers were deadlocked, poor transactions, downstream demand failed to form quantitative support, and the weak operation of bisphenol A continued.
In short, the characteristics of the market operation are: weakening and consolidation, limited transactions, the current price is slightly lower, there are also hearsays, the entrusted cost is restricted, the merchants pay close attention to the market trend, and the domestic manufacturers have not changed much-Sinopec Mitsui's accumulated inventory is the mainstay, and the market is still unclear.
Offer.
The raw material phenol market is operating in a narrow range, and the negotiation is general.
The negotiation price in East China is 7900-8000 yuan/ton, the transaction center is slightly low, and the overall mentality is sluggish; the acetone market is deadlocked and the upstream (propylene, pure benzene) declines.
Certainly unfavorable, but importers insisted on their offers, and there was no obvious change in the downstream.
The negotiated price in East China was 6,100 yuan/ton.
The increase in terminal demand is slow, the enthusiasm for downstream procurement is not high, some manufacturers have lower prices, and the merchants can still stick to it.
The market trading situation is slightly stalemate.

On the last trading day (September 2), the domestic BPA market remained strong, and the trading was deadlocked.

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