Daily Review of Bisphenol A: Horizontal Slowly

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] March 5, 2010: The domestic bisphenol A market is consolidating horizontally and slightly upward.
On the last trading day (March 04), the mainstream transaction prices in East China in the mainstream market began to form a range of 14,000 to 14,300 yuan/ton, and the high-end price was raised by 100 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), market conditions remained stable on that day, and there was a slight upward stalemate.
The raw material market has recently weakened and the trend of related products is uncertain, and downstream epoxy resins have started.
The improvement is slow, downstream and intermediate merchants wait and see, the pace of transactions slows down, cost/external disk support is high, and some merchants are reluctant to sell at low prices.
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, but it was difficult, and there was room for negotiation.
Generally speaking, the focus of the negotiations 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 sluggish downstream demand and another raw material.
However, the ring chlorine is bearish, and the epoxy resin is started.
Slow, not easy to adjust the market, cautious in entering the market, excessive inventory consumption, the bisphenol A market is not trading smoothly, and it is expected to continue the upward trend, but the pace is relatively slow, and industry insiders purchase on demand.

    On the last trading day (March 04), the domestic BPA market was stable and the market rose slightly.
Some near-ocean trades were slightly higher.
However, the long-term and short-term intertwined and the wait-and-see atmosphere is strong.
The market actively pays attention to the news, and the short-term fluctuations are within a narrow range.
Mainly; the upstream raw material market has weakened, and the intermediate merchants and downstream vendors wait and see, and transactions are average.
Supported by costs and high external disks, major merchants are reluctant to sell at low prices.
At present, the domestic market is stagnating at a high level, turning into turbulence, and the wait-and-see atmosphere has increased.
A little while ago, the exchange rate of the euro against the US dollar rebounded and international oil prices rose during the intraday session.
Tons of FOB; Although the external market for bisphenol A is quite strong, the upstream phenol ketones are weak and downstream demand is restricted.
It is expected to be adjusted at a high level with little fluctuation.
Phenol spot market continues to fluctuate weakly, and the focus of negotiations is downward; the acetone market has a strong wait and see atmosphere.
In short, the spot price is stable, the mentality is acceptable, the upstream is weak, the downstream procurement is weak, and the high position is sorted and the relevant news changes are paid attention to.
According to market experts from China Epoxy-e.
cn (www.
epoxy-e.
cn), the mainstream quotation in East China is 14300-14500 yuan/ton, the mainstream transaction price is 14000-14300 yuan/ton, and the high-end price is increased by 100 yuan/ton.
; The mainstream quotation in Huangshan area is 14300-14600 yuan/ton, the mainstream transaction price is 14200-14400 yuan/ton, up 100 yuan/ton; the mainstream quotation in North China is 14300-14600 yuan/ton, the mainstream transaction price is 14200-14400 yuan/ton, up 100 yuan/ton; mainstream quotations in southern China are 14800-15000 yuan/ton, mainstream transaction prices are 14500-14800 yuan/ton, and high-end prices are raised by 100 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.

(This station reporter Shuohua)

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