Daily review of bisphenol A: fell below 10,000 yuan

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] October 28, 2008: The domestic bisphenol A market continues to decline, has fallen below 10,000 yuan, on the trading day (October) 27) The mainstream transaction price in the East China region of the mainstream market is 9300-9600 yuan/ton, the low-end is lowered by 700 yuan/ton, the high-end is lowered by 600 yuan/ton to less than 10,000 yuan.
According to the analysis of the market experts of the China Epoxy Industry Association (www.
epoxy-e.
cn), the market opened flat on that day, and the spot market was mostly on the sidelines.
The market quickly moved to the next level.
Some merchants quoted "98" and some did not close the market.
According to the report, most of them are discussed and marketed on the go.
In September, the import volume was more than 34,000 tons, which was normal and had little impact on the market.
The negative factors were further digested, and the spot trading continued to be relatively light throughout the day.
Import and export data was released in September 2008.
According to the latest statistics from China’s customs, imports for the month: total imports were 34,824.
42 tons, with an average price of US$1869.
7/ton.
Imports decreased by 34.
5% from the previous month and 28.
8% from the same period last year.
The cumulative import volume from January to September was 349,046.
834 tons; the export volume of the month: the total export volume was 9 tons, the average average price was US$7716/ton, the export volume decreased by 98.
77% from the previous month and 61.
9% from the same period of the previous year.
The cumulative volume from January to September The export volume is 999.
259 tons.
Compared with imports, exports are really insignificant.
Although the total scale of imports for the month is relatively reasonable, the background of high-volume imports for several consecutive months still makes the current market "full of goods".
Domestic bisphenol A manufacturers have limited output, low inventory, few export sales, and weaker influence.
They are further marginalized by the market, and the overall start-up is maintained at a very low level: Bayer Shanghai load 50%, Wuxi resin open one stop one, Zhongxin Chemical load general.

    On the trading day (October 27), the domestic bisphenol A market was unstoppable.
After recent continuous adjustments, the decline was still unstoppable.
Under the impact of the overall plunge of upstream raw materials and the continued weakness of spot demand, the price market fell into a deep fall again Among them, 11,500 yuan/ton has just been threatened.
In a blink of an eye, it has already killed 11,000 yuan/ton.
The 10,000 yuan/ton competition is again lost.
The killer party has further conquered cities and land, which has forced the historical low of 9,700 yuan/ton in 2005.
, The market is pessimistic, and confidence in the market outlook is lost; at the same time, downstream epoxy resins continue to fall, solid resin quotations can reach 15,500 yuan / ton, liquid resin market is also at a new low in recent years, domestic bidding is fierce, the export market is not smooth, and the price is wide With messy webs and high inventory of manufacturers, the current operating load continues to decrease, among which: solid resin is 3-40%, liquid resin is 50-60%, and the demand for raw material consumption is shrinking.
According to the market experts of China Epoxy-e.
cn, the mainstream quotation in East China is 9600-9800 yuan/ton, the low-end price is lowered by 600 yuan/ton/ the high-end price is lowered by 700 yuan/ton, the mainstream The transaction price is 9300-9600 yuan/ton, the low-end price is lowered by 700 yuan/ton/ the high-end price is lowered by 600 yuan/ton; the mainstream quotation in Huangshan area is 9700-9900 yuan/ton, the low-end price is lowered by 600 yuan/ton/ the high-end price is lowered by 700 yuan/ton, The mainstream transaction price is 9400-9700 yuan/ton, down by 600 yuan/ton; the mainstream quotation in North China is 9800-10000 yuan/ton, the low-end price is lowered by 600 yuan/ton/ the high-end price is lowered by 700 yuan/ton, and the mainstream transaction price is 9400-9700 yuan/ Tons, low-end prices are lowered by 700 yuan/ton/high-end prices are lowered by 500 yuan/ton; mainstream quotations in South China are lowered by 10,100-10,300 yuan/ton, low-end prices are lowered by 600 yuan/ton/high-end prices are lowered by 700 yuan/ton, mainstream transaction prices are 9800-10100 yuan /Ton, 700 yuan/ton for the low-end and 600 yuan/ton for the high-end.

    The bisphenol A external disk market plummeted again.
According to market experts from the China Epoxy Resin Industry Association (www.
epoxy-e.
cn), the Asian bisphenol A external disk plummeted 160-180 US dollars/ton to 1,360-1400 US dollars/ton (CFR China’s main port).
The domestic spot market plunged sharply, and downstream market demand further weakened and shrank; regional market suppliers mostly withdrew their offers, but the price in the upstream market plummeted, resulting in a total collapse of buyer confidence, and some merchants were under pressure to pay foreign exchange or continue to sell goods after the market was bearish.
Whether the market is difficult to tell in the short term, most downstream end users are currently leaving the market to wait and see, waiting for the market to gradually ease and become clear.
At the beginning of last week, goods in bonded warehouses were sold at US$1,400/ton (CFR China’s main port), which was received by downstream end users and the quantity was about 150 tons.
Market participants generally expressed that the price was too high.
Small orders merchants intend to ship on weekends.
US$1,350/ton (around CFR); The price of ocean-going Russian cargo is heard to be around US$1,300/ton (CFR China’s main port), and other foreign trades such as US cargo are quoted at around US$1200/ton (CFR China’s main port), and downstream counter offers Below US$1,000/ton (CFR China's main port), there is a lack of negotiation; some European ocean-going merchants said that the plummet of the Chinese market has made sales unprofitable, and plans to reduce production are not ruled out in the later stage.
In short, market importers and downstream end users said that the sharp decline in the domestic market and the continuous decline of global bulk petrochemical products are bound to increase the pressure on the bisphenol A U.
S.
dollar market in the future.
The current range of US$160-180/ton makes the entire industry chain chilling, and the market outlook may continue to fall.
The resistance level of RMB 10,000 in the domestic market will be broken in an instant, and RMB 9,500/ton seems to be difficult to withstand the test.

(Our reporter Shuzhi)

Do you want to browse the unsaturated resin market information? Click to enter www.

Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name
English name: E-www.