Daily Review of Bisphenol A: Flat Open Flat Go

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on March 8, 2010: The domestic bisphenol A market is flat and remains temporarily.
On the last trading day (March 5), the mainstream transaction price in the mainstream market in East China was temporarily stable in the range of 14,000 to 14,300 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market opened flat in the morning, and the operation was quiet.
The downstream still waited and watched the market with few inquiries.
The quotation was maintained and the negotiation remained, and the focus of the market was In the low-end level, the upstream has been weak recently, and the merchants have made more profits to wait and see.
Although international crude oil fluctuates at a high level, but due to the fundamentals of supply and demand, pure benzene and phenol ketones are showing signs of phased weakness.
The focus of domestic pure benzene negotiations has fallen, which was once as low as 7,200 yuan/ton.
At the same time, the market acceptance intention is weak; the phenol market has fallen.
The negotiated price in East China is 11,800 to 11,900 yuan/ton, the acetone market is sluggish, and the supply is abundant, and the negotiated price in East China is 8,500 to 8,600 yuan/ton.
After the recent rise in the spot of BPA, the stalemate reorganized, the market wait-and-see atmosphere has increased, the external disk and cost support, and the overall mentality is cautiously optimistic; the employment situation in the United States has improved, the US dollar has fallen, and the international crude oil has risen to a 7-week high and closed.
US$80/barrel, but the contradiction between supply and demand in the pure benzene market, the weak naphtha constraints, the continued decline in the European, American and Asian markets, the short-term weakness of phenolic ketones and the uncertain market outlook for related products have a certain impact on the trend of bisphenol A.
In short, the short-term long-short-term confrontation and narrow-range fluctuations in the market are still difficult to get rid of.

On the last trading day (March 05), the domestic BPA market remained stable and slightly stalemate.
The raw material market has recently weakened and the trend of related products has been unclear.
The start of downstream epoxy resin has been slow to increase, downstream and intermediate merchants wait and see, and the transaction rhythm is slow.
Slow, cost/external disks are supported at high levels, and some businesses are reluctant to sell at low levels.
The operation of the upstream raw material market: international crude oil fluctuates within a narrow range, oversupply of pure benzene, falling in Europe and the United States, the spot continues to fall, the negotiated price is US$890/ton FOB; phenolic ketones are weakly consolidated, recent arrivals are concentrated, and downstream demand is flat and short-term There is still the possibility of further decline.
The downstream epoxy resin market fluctuated within a narrow range, and the trends of the two major raw materials were differentiated-epichlorohydrin declined negatively, and bisphenol A fluctuated at a high level.
Some manufacturers had intentions to pull up and it was more difficult.
The focus of the overall negotiation has risen slightly, and higher prices have been heard.
The external quotations have risen strongly, and domestic and foreign merchants have obvious intentions to hold prices.
Only the downstream demand is sluggish.
With another raw material, the cyclochloride is bearish, and the start of epoxy resin is slow.
The upward adjustment of the market is not easy.
It is cautious to enter the market and consume more inventory.
The bisphenol A market is not trading smoothly and the pace is slowing down.
According to market experts from China Epoxy Resin Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 14300-14500 yuan/ton, the mainstream transaction price is 14000-14300 yuan/ton; the mainstream quotation in Huangshan region is 14300～ 14600 yuan/ton, mainstream transaction price 14200-14400 yuan/ton; mainstream quotation in North China 14300-14600 yuan/ton, mainstream transaction price 14200-14400 yuan/ton; mainstream quotation in South China 14800-15000 yuan/ton, mainstream transaction price 14500～14800 yuan/ton.

    Domestic bisphenol A manufacturers' quotations are temporarily stable and continue to increase, but the spot price is stagnant at high levels, and most of them wait and see.
Although the market sentiment has improved and they have begun to take the initiative, the overall start of construction is still limited, and some continue to stop.
The overall main characteristics continue to be: catering to the market, increased operational efforts, equipment maintenance, some have been restarted, no longer pushing up, operating mentality is improving, load maintenance, capacity utilization is still low, offers are stable, and trading and shipments are flexible.
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 14,500 yuan/ton, mainly for downstream polycarbonate devices and a small amount of external sales.
The supply scale is still limited and the market The impact is relatively small.
The 100,000+110,000 tons/year bisphenol A plant is all started, with a load of about 30%, and the 100,000+100,000 tons/year polycarbonate plant is operating normally; Sinopec Mitsui’s ex-factory price is 14,500 yuan/ton, 120,000 tons/year The bisphenol A plant ran normally and started up at full capacity.
The products were mainly supplied to polycarbonate manufacturers, and the core contract users were mainly, and the delivery remained stable; the Wuxi resin was closed, the pre-factory price was 17500-18000 yuan/ton, and the products were used for their own use.
No export sales in the near future-the main supply of Xitong epoxy resin plant (overall production capacity is more than 100,000 tons/year), some outsourcing, 25,000 tons/year bisphenol A plant restarted on March 2nd, planned for May 5th, Nantong The 90,000-ton/year bisphenol A plant was put into operation on February 22, and if it goes smoothly, it is expected to be discharged in early April; Zhongxin Chemical will be closed, the pre-factory price is 9500 yuan/ton, and the 25,000-ton/year bisphenol A plant is running smoothly.
Suicheng epoxy resin equipment (overall production capacity is more than 50,000 tons/year), mainly for self-use, rarely for export.

(Our reporter Shu Huan)

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