The price of Bisphenol A in the European market has shown a consistent downward trend in January, supported by unchanging price momentum of feedstocks Phenol and Acetone. The economic slowdown in the Europe, marked by declining export volumes and reduced real consumer spending, contributes to this pricing stability. This trend is also evident in exporting Asian nations, particularly China, where challenges in the Chinese property sector have impacted construction, leading to subdued demand of Bisphenol A in downstream polycarbonate and epoxy resins and exerting downward pressure on Bisphenol A prices. The overall market sentiment is bearish due to this subdued demand. Additionally, the reduction in upstream crude oil prices, driven by concerns over increased global supplies and decreased demand for Bisphenol A, has further contributed to a decrease in production costs for Bisphenol A.
In the Netherlands, there was subdued buying enthusiasm, and demand from the...
