Daily Review of Bisphenol A: Continue to linger

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] May 7, 2010: The domestic bisphenol A market continues to linger and the market is sorted.
On the last trading day (May 06), the mainstream transaction price in the mainstream market in East China remained stable at the range of 16,500-16,600 yuan/ton.
Market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn) said that the trading atmosphere on the day was flat, the international crude oil plummeted, the adjustment of bulk commodities shocks was expected to increase, the intention of traders to lighten their shipments increased, and the downstream cautiously wait and see , But the market range can still be maintained; the downstream consumes more inventory and has little intention to purchase on the market.
Actively pay attention to the spot market trends, some buying intentions are slightly lower, and the market outlook is cautious and wait-and-see mentality increases.
The downstream epoxy resin costs are promoted and maintained at a high level.
The upstream pure benzene spot mentality has differentiated and the center of gravity has fallen.
The mainstream price in East China is 7700-7750 yuan/ton, and the short-term weak consolidation trend continues; the phenol spot market is sideways, and the operation of Tianjin Petrochemical Plant is concerned.
The negotiated price is 14300-14500 yuan/ton; acetone The market fell overcast and the mentality was not good, and the negotiated price in East China dropped to 8,400-8450 yuan/ton.
External disks are still strong.
Bonded cargo or cargo is offered at US$1980-2000/ton (CFR China's main port), and some ocean-going cargoes and intermediaries are expected to offer US$2030/ton (CFR China's main port) in mid-to-late June.
).
Commodities fluctuated and adjusted downward, and international crude oil fell slightly, which had a slight impact on market sentiment.
However, the current bisphenol A external disk is strong, the overall supply of the regional market is slightly tight, and low prices are hard to find.
The overall market mentality is acceptable, and short-term shocks are expected to continue.
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    On the previous trading day (May 6th), the BPA market sentiment was general and the market remained unchanged.
The international crude oil plummeted and petrochemical products were under pressure.
The BPA internal market was still supported by the external market.
Demand was supported and mainstream merchants firmed their quotations.
Downstream waited and watched, on demand purchase.
After the holiday, the spot market is open and the external market is relatively strong.
The downstream polycarbonate internal and external disks are strong, and the support is obvious.
The epoxy resin market has performed quite well.
We are cautious and optimistic.
The impact of recent macroeconomic factors and the turbulence and differentiation of bulk commodities may have a certain degree of pressure on the market mentality.
BPA has little effect for the time being, and the high level of volatility continues.
Most of the domestic manufacturers' quotations are clear, and their mentality is maintained.
The new devices have not yet been released, and the cost factor is still supportable.
The external disk of raw material phenol was firm at a high level and reached a record high.
The spot market was consolidated within a narrow range and supply and demand eased; the spot market for acetone was consolidated at a high level and the external disk supply was abundant, and there was a slight drop.
Some end-users and second-hand merchants have limited inquiries to find directions and limited actual discussions.
The reference negotiation level is temporarily maintained, and the supply of domestic resources is still present, mainly by Sinopec Mitsui and Bayer Shanghai.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 16,700～17,000 yuan/ton, the mainstream transaction price is 16,500～16,600 yuan/ton; the mainstream quotation in Huangshan area is 16,800～ 17000 yuan/ton, the mainstream transaction price is 16600-16700 yuan/ton; the mainstream quotation in North China is 16800-17000 yuan/ton, the mainstream transaction price is 16600-16700 yuan/ton; the mainstream quotation in South China is 17200-17500 yuan/ton, the mainstream transaction price 17000～17100 yuan/ton.

    Most domestic bisphenol A manufacturers have clear quotations and maintained their mentality.
Existing devices have stabilized, and new devices have not yet been released.
Recently, raw materials have been sorted out, the market focus has not yet fluctuated, cost factors can still be supported, and shipment intentions have increased.
The main characteristics of the overall operation are as follows: wait and see the market, increase operational efforts, inability to push the market, stabilize the market, maintain load, and still low capacity utilization.
According to market experts from China Epoxy Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer’s Shanghai ex-factory price was 17,000 yuan/ton, mainly for the configuration and supply of downstream polycarbonate devices, and a small amount of external sales, 10 + 110,000 The ton/year bisphenol A plant is operating normally and the load is 80%, and the 100,000+100,000 tons/year polycarbonate plant is operating normally; Sinopec Mitsui’s ex-factory price is 17,000 yuan/ton, and the 120,000 tons/year bisphenol A plant is operating at full load, 6 May be overhauled every month, the products are mainly supplied to contract users, and the shipment situation remains stable; Wuxi resin is closed, the pre-ex-factory price is 17500-18000 yuan/ton, the product is for self-use, and there is no export in the near future-supporting the main supply of Xitong epoxy resin device ( The overall production capacity is more than 100,000 tons/year), the 25,000 tons/year bisphenol A plant in Wuxi is operating normally and the load is average, and the 90,000 tons/year bisphenol A plant in Nantong will be suspended and restarted in mid-May; Zhongxin Chemical will be closed again , The initial ex-factory price was 16,900 yuan/ton, the 25,000-ton/year bisphenol A plant was operating smoothly, and it may be shut down in early May for maintenance.
The upstream 200,000-ton/year phenol ketone plant was unexpectedly shut down at the beginning of the week.
The main supply of the Suicheng epoxy resin plant ( The overall production capacity is more than 50,000 tons/year), mainly for self-use, with limited export sales.

(Our reporter Xingchen)

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