Daily Review of Bisphenol A: Continuing the Rally

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on April 13, 2010: The domestic bisphenol A market continues its upward trend, and is mainly on the rise.
On the last trading day (April 12), the mainstream transaction price in East China in the mainstream market was in the range of 15,600-15,800 yuan/ton, an increase of 100 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the market was mainly promoted on that day, transactions were flat, costs and external disks were supported, merchants were reluctant to sell, generally interested, and trading atmosphere.
Stalemate.
The market for related products, epichlorohydrin, has steadily climbed, which has restrained the advancement of the bisphenol A market to a certain extent.
There is still room for a slight increase in the market during the week, but it is still facing upward pressure and cannot be ignored.
International crude oil is approaching US$87/barrel in the intraday trading, boosting the chemical bulk product market.
Costs and external disks are good to support the domestic BPA market.
It is not easy for traders to cover their positions.
Downstream factories purchase on demand, and transactions are average.
Crude oil closed down for two consecutive days over the weekend, suppressing market sentiment, the raw material market is firming, some installations are overhauled, good downstream polycarbonate demand, and reduced supply from Europe and the United States to China are the most important supporting factors for market prices.
In short, the high volatility pattern of the bisphenol A market continued this week, and there is no lack of a slight upward trend driven by costs.
However, due to the recent rapid rise of epichlorohydrin, it will have a slight impact on bisphenol A.
Pay close attention to the downstream market procurement and production and sales.
With the recent shift in the pattern of more volatility in the chemical product market, industry insiders are still cautiously optimistic, and the short-term high volatility is expected to continue.

    On the previous trading day (April 12), the bisphenol A market continued to be adjusted at a high level.
The early price rose too fast.
Domestic manufacturers’ recent adjustments and their leading role were not obvious.
The downstream still consumes more inventory and has limited intention to enter the market at high levels.
The oil price of Yi International has soared, and the raw material phenol ketone market continues to heat up.
In addition, it is difficult to replenish the high and low prices of foreign markets.
The international crude oil market has risen and fallen.
The raw material pure benzene has been consolidated in the Asian market and the spot market has been stalemate; phenol has been adjusted by manufacturers and slightly supported by short-term futures sources.
Major importers are reluctant to sell and rise, and the spot market lacks mainstream transactions; The atmosphere is acceptable.
Signs of the recent high level of bisphenol A are clear, coupled with the surge in related products epichlorohydrin, the focus of the downstream sector has shifted slightly, the market trading atmosphere is flat, the spot market is mainly narrowed, with limited volatility, and short-term narrow fluctuations.
, The transaction situation is general, the downstream cost promotes the upward adjustment of the quotation, and the short-term cost transfer is slow.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 16000-16200 yuan/ton, the mainstream transaction price is 15600-15800 yuan/ton, and the increase is 100 yuan/ton; The mainstream quotation in Huangshan area is 16100-16200 yuan/ton, the mainstream transaction price is 15700-15800 yuan/ton, an increase of 100 yuan/ton; the mainstream quotation in North China is 16100-16200 yuan/ton, the mainstream transaction price is 15700-15800 yuan/ton, an increase of 100 Yuan/ton; mainstream quotations in southern China are 16500-16700 yuan/ton, mainstream transaction prices are 16100-16300 yuan/ton, and the increase is 100 yuan/ton.

    Some domestic bisphenol A manufacturers have repeatedly raised prices, some have followed up, the spot has been sorted out, the manufacturers have supported, the spot has gone up, the mentality is good, the supply is limited, it will help to go up, continue to attack, the start-up is still low, and some installations have yet to be tested.
The new equipment has not yet been released; the overall main characteristics are still shown as follows: cater to the market, increase the operation intensity, wait-and-see push up, better operation mentality, maintenance of load, and low capacity utilization.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer’s Shanghai ex-factory price was 15,900 yuan/ton, an increase of 100 yuan/ton, mainly for downstream polycarbonate devices and a small amount of external sales.
The supply scale is still limited and the market impact is relatively small.
The 100,000+110,000 tons/year bisphenol A unit is operating stably, with a load of 30%, and the 100,000+100,000 tons/year polycarbonate unit is operating normally; Sinopec Mitsui’s ex-factory price is 15,800 yuan/ton , Rose by 300 yuan/ton, 120,000 tons/year of bisphenol A plant is operating normally and is fully operational.
The products are mainly supplied to polycarbonate manufacturers.
Cumulative inventory and retail investors are temporarily not exported, and further attention to the trend of the spot market; Wuxi resin is closed, The initial ex-factory price is 17500~18000 yuan/ton, the product is for self-use, and there is no export in the near future-the main supply is Xitong epoxy resin equipment (overall production capacity is more than 100,000 tons/year), some outsourcing, Wuxi 25,000 tons/year bisphenol The A device is operating normally and the load is not high.
The 90,000 tons/year bisphenol A device in Nantong continues to be in trial operation, and it is planned to produce qualified products by the end of this month; Zhongxin Chemical’s ex-factory price is 16,000 yuan/ton, and the 25,000 tons/year bisphenol A device is in operation It is stable, mainly supplying Suicheng epoxy resin equipment (overall production capacity is more than 50,000 tons/year), mainly for self-use, and rarely for export.

(Our reporter Xingchen)

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