Daily Review of Bisphenol A: Leap over 16

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 20, 2010: The domestic bisphenol A market is still rising and hitting new highs.
On the last trading day (July 19), the mainstream transaction prices in the East China region of the mainstream market formed a range of 15,900-16,100 yuan/ton, with an increase of 200 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), buyers and sellers in the market on the same day mostly wait and see, and some test inquiries and directions.
Spot prices continue to rise and sporadic offers can reach 16,200 yuan/ At around tons, actual negotiations followed closely and formed a narrow-range situation.
The overall market transactions were not many, and with the increase in high risks, some early-stage merchants were cautiously waiting and watching.
Domestic bisphenol A has risen for three consecutive weeks, with an increase of more than 1,000.
External disks have been supported and slightly recovered.
However, the number of high-level negotiations has significantly shrunk.
The market supply is still tight and merchants are reluctant to sell.
.
Related product epichlorohydrin is intensified, and the chemical market is still weak, long-short game.
Focusing on the downstream and related product trends, it is expected that the unilateral high-level volatility will continue.
Domestic bisphenol A manufacturers respond to the market's rise, but the price is largely unclear.
Existing devices are operating normally, new devices are gradually stabilizing, raw materials are rising and falling, their own market continues to rise, cost factors are no longer dominant, supply tightness is limited, the scale of shipments is small, and inventory pressure is not great.
The main characteristics of the overall operation are as follows: wait and see the market, operation is average, unable to control, follow the goods mainly, and the overall production load level is acceptable.

On the last trading day (July 19), the supply of BPA in the BPA market was tight and unilaterally positive.
It continued to support BPA to reach new highs.
Merchants controlled the pace of shipments and were reluctant to sell.
The international crude oil rebounded and the trend of bulk commodities remained weak.
Part of the rigid demand for phenol A is still, the short-term supply pressure is difficult to alleviate, and the high market continues.
End users passively purchase on-demand, and there are not many factual talks about high market positions.
As the spot market has repeatedly rushed higher and external inquiries have heated up, the follow-up trend is further concerned.
The raw material of bisphenol A, pure phenyl, is inherently weak and has different mentalities; phenol is trading sideways at a high level, and the supply is still tight.
It is rumored that petrochemical companies have raised expectations and follow-up attention; the acetone market is temporarily trading sideways.
The spot supply of bisphenol A is tight, the price of goods is tight, and the market merchants control the pace of shipments.
The short-term favorable expansion and the high-level shock continue.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 16000-16200 yuan/ton, the high-end price is raised by 200 yuan/ton, and the mainstream transaction price is 15900-16100 yuan/ton.
, Raise 200 yuan/ton; mainstream quotations in Huangshan area are 16200-16400 yuan/ton, raise 200 yuan/ton, mainstream transaction prices are 16000-16200 yuan/ton, raise 200 yuan/ton; mainstream quotations in North China are 16200-16300 yuan/ton , The low-end price is raised by 200 yuan/ton/ the high-end price is raised by 100 yuan/ton, the mainstream transaction price is 16000-16200 yuan/ton, and the increase is 200 yuan/ton; the mainstream quotation in South China is 16500-16700 yuan/ton, and the high-end price is raised by 200 yuan/ton.
The mainstream transaction price is 16400-16700 yuan/ton, the low-end price is raised by 200 yuan/ton, the high-end price is raised by 300 yuan/ton.

    Spot cargo prices rose to support, and the external market rebounded to follow up.
With tight spot prices and optimistic market attitudes, BPA external trading activity has increased-external trading rebounded by 20-30 US dollars/ton to 1,800-1860 US dollars/ton (CFR China's main port); according to China's epoxy resin industry According to market experts from the Association (www.
epoxy-e.
cn), mainstream offers in the regional market are at US$1,850 to US$1,900/ton (CFR China's main port), but the buying intention is lower at the low end.
Although bisphenol A is unique and remains strong, the demand for another downstream polycarbonate is weak, and the raw material pure benzene continues to be weak, and the medium and long-term lines have buried hidden worries and more cautious attitudes.
Last week, phenol rose and domestic bisphenol A supplemented the rise.
Some middlemen Jinyang offered US$1880/ton (CFR China main port), and some bonded goods offered US$1850～-1860/ton (CFR China main port).
However, in general, the chemical market is still weak.
Regarding the unilateral rise of phenol and bisphenol A, they are still more vigilant, and buying interest is slow to follow up.
In the early stage, the external market of bisphenol A traded sideways and stabilized at US$1780～1830/ton (CFR China’s main port).
The raw material phenol rebounded sharply on the internal and external markets, and China’s bisphenol A rose, providing certain support for it.
There is limited room for short-term downward adjustment.
The long-term market is still difficult to be clear; mainstream talks are concentrated at US$1780-1840/ton (CFR China main port), 200 tons of Northeast Asian cargo will be shipped to terminal factories in July at a price of US$1780/ton (CFR China main port), 500 tons Sold to the terminal, the price is 1,800 US dollars/ton (CFR China main port), hundreds of tons of tetrabromobisphenol A users receive orders, the price is 1,810-1820 US dollars/ton (CFR China main port); 300 tons of intermediate merchants are sold at the price of 1,840 US dollars /Ton (CFR China main port).

(Our reporter Wu Xi)

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