Daily review of bisphenol A: a little bit down

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on November 24, 2008: The domestic bisphenol A market sentiment has declined, and the mainstream on the trading day (November 21) The mainstream transaction prices in East China continue to operate at 8,200-8300 yuan/ton, but the low-end is the main focus.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the market was impacted by the upstream and downward movements-international crude oil and top pure benzene plummeted, the atmosphere of negotiation declined, and the wait-and-see situation resumed.
For the time being, waiting for the main task and gradually digesting the inventory, the trading atmosphere has weakened, and the focus of negotiation has shifted.
However, the spot resources are still limited.
The market pays more attention to the recent external disks and the upstream raw material market trends; the previous push is only a small wave At present, the tide has shown a short-term downturn, the spot price has slowed down, and the intention to chase high will fade away.
Supported by the good cost and resources, some merchants stick to the offer or close the price.
The resistance level of 8,200 yuan/ton is still there, and the merchants are actively paying attention to downstream trends.
; The foreign market continues to stabilize, and Jinyang offers an offer of US$950/ton (CFR China’s main port).
Manufacturers have obvious intentions to control start-ups and stop prices.
Importers tend to lock in downstream negotiations and have little intention of chasing high prices, especially when the market outlook is still expected.
Unclear, ocean-going cargo offers are mostly above US$1,000/ton (CFR China's main port).
In short, the market trend of bisphenol A has slowed down and the volume has decreased.
At the same time, market participants will enter the market.
It is expected that the market will become clearer next week.
It is worth noting that the "foundation" is not solid and the number of downstream end-user purchases is limited.

    On the trading day (November 21), the domestic bisphenol A market was flat and weak, the atmosphere was slightly transformed, the opening was relatively "quiet", the center of gravity fell gently, and the low end was mostly quiet.
As we can see, due to the limited spot resources, the continued quotations of some merchants, the non-reporting of some orders and the control of shipments, the actual negotiation level has shifted to the low end, and the overall market transaction is temporarily flat, and the entire transaction is showing signs of weakening; the current market The focus is reflected in the following: end users and second-hand merchants have obviously failed to maintain their interest in entering the market, mainstream merchants have a good sales rhythm, and trading in the external market remains stable; news that is also worthy of attention is the lack of support for raw materials and the continuous decline in international crude oil prices , After hitting a 22-month low, it fell below the $50/barrel mark; basic pure benzene also weakened further, the direct raw material phenol ketone market was deadlocked, cost support was weakened, and the upstream environment weakened, which will be negative for the market.
Confidence has an impact.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 8300-8500 yuan/ton, the mainstream transaction price is 8200-8300 yuan/ton, mainly low-end; Huangshan The mainstream quotation in the region is 8500-8700 yuan/ton, and the mainstream transaction price is 8400-8500 yuan/ton, mainly low-end; the mainstream quotation in North China is 8600-8800 yuan/ton, and the mainstream transaction price is 8500-8600 yuan/ton, mainly low-end ; The mainstream quotation in South China is 8800-9000 yuan/ton, and the mainstream transaction price is 8700-8800 yuan/ton, mainly low-end.

    Domestic bisphenol A manufacturers still have limited fluctuations, some of them continue to be closed, most of the production facilities have been shut down, newly built start-ups have been put into production, each plant has downstream supporting facilities, the scale of external supply is very limited, crude oil continues to weaken, raw material support is limited, and downstream demand is sluggish , Shipment is difficult to see positive results, the market outlook is still mostly bearish, and most of them are helpless; the operating load level of the installations is still low, among which: Bayer Shanghai continues to stop, Wuxi Resin has stopped one, and Zhongxin Chemical has a normal load.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer Shanghai closed the disk, the pre-ex-factory price was 17,700 yuan/ton, most of which were self-supporting and limited export scale, 110,000 tons/year The phenol A plant was shut down on October 30.
It is planned to end the year.
The first 100,000-ton/year polycarbonate plant will have low load, and the second 100,000-ton/year polycarbonate plant will be mechanically completed in October; Wuxi resin will be closed.
, The preliminary quotation is 17,500~18,000 yuan/ton.
The products are mainly for self-use, and the export quantity is not large.
The 16,000-ton/year bisphenol A unit may not be shut down and restarted on April 17, and the 25,000-ton/year bisphenol A unit is in operation.
Normally, the 90,000-ton/year bisphenol A plant in Nantong is under construction, and its commissioning is postponed to the second quarter of 2009; Zhongxin Chemical’s ex-factory price is 8,500 yuan/ton, and the 25,000-ton/year bisphenol A plant has a relatively low operating load.
Oxygen resin plant (intermittent start-up and inventory digestion); Sinopec Mitsui Mitsui's 120,000-ton/year bisphenol A plant was completed in late October.
It was officially put into use at the beginning of the month and scheduled to be discharged at the end of the month.
The products are mainly sold to polycarbonate users.

(Our reporter Huan Yang)

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