Daily review of bisphenol A: light demand

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 28, 2008: The domestic market demand for bisphenol A is still light, and the market is consolidating within a narrow range.
On the trading day (November 27) Japan) The mainstream transaction price in the East China region of the mainstream market temporarily maintains the range of 8,000 to 8,200 yuan/ton, with a low center of gravity.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market opened on the same day relatively quietly, with few inquiries from downstream buyers, and some gradually inclined to the low-end, and the level of spot negotiation was mainly low-end.
Many of them are still temporarily consuming inventory and wait and see with caution.
Recently, the arrival of imports has been slightly affected.
However, due to the cost of production and the support of external disks, the overall mentality is relatively calm, and the market volume is fair; the external disk market has basically stabilized this week, and the upstream crude oil Cruising at US$50-55/barrel, the benchmark price of pure benzene in Asia is US$300/ton, which continues to withstand the test.
Producers in the outer disk area continue to control the start of construction and stick to the price.
The overall trading situation is average, and the negotiation turns to cautious; the raw material phenol ketone market continues to weaken and consolidate Among them, the trading atmosphere in the phenol market is weak, and the outlook is mainly weak (prices in East China remain stable at 5700-5800 yuan/ton), and the acetone market is relatively "quiet", demand is weak, and more goods arrive, resulting in a lack of confidence (mainstream negotiated prices) 5,100 yuan/ton); downstream epoxy resins continue to be sorted mainly, of which solid resins stabilized, liquid resins digested inventory, and fluctuated.
In the short term, there is limited room for large fluctuations in bisphenol A, but the overall situation is still weak.
Sinopec Mitsui New equipment will be put on the market soon, which will be a major negative for the market, and it will not be optimistic at that time.

On the trading day (November 27), the domestic bisphenol A market weakened slightly, and the center of gravity shifted downward.
Some downstream inquiries at low prices were appropriate to supplement the supply.
The mainstream quotations were still maintained, the focus of negotiations was mostly at the low end, and the spot market resources were limited.
, The cost of replenishment in the later period is not low, so the overall market mentality is average.
The market as a whole has stabilized since last week.
Domestic manufacturers have not changed significantly.
The shipments are mainly Zhongxin Chemical and Bayer Shanghai.
Import resources have been digested and reduced in February, and the valuation has risen slightly, and the transaction has cooled down.
Import data in October was mostly expected.
Most of these factors are calm, the market’s response is calm, and the mentality is relatively stable; the external disk has fallen under the impact of weak raw materials, and recent trading intentions have been significantly weaker than before.
Last week’s valuation was raised by US$5/ton to US$860-920/ton.
(CFR China's main port), the buyer's negotiation intention is currently US$900/ton (CFR China's main port) or slightly lower, the overall market is not hot, and the volume of transactions is limited.
In short, the market is mainly consolidating within a narrow range, the overall atmosphere is calm, the price center has shifted downward, and the downstream is mostly doing inventory digestion, and continue to wait and see the market outlook.
According to market experts from China Epoxy-e.
cn, the mainstream quotation in East China is 8200-8400 yuan/ton, the mainstream transaction price is 8000-8200 yuan/ton, mainly low-end; Huangshan The mainstream quotation in the region is 8400-8600 yuan/ton, and the mainstream transaction price is 8200-8400 yuan/ton, mainly low-end; the mainstream quotation in North China is 8500-8700 yuan/ton, and the mainstream transaction price is 8300-8400 yuan/ton, mainly low-end ; The mainstream quotation in South China is 8700-8900 yuan/ton, and the mainstream transaction price is 8500-8700 yuan/ton, mainly low-end.

    Domestic bisphenol A manufacturers still have limited fluctuations, and most of them continue to shut down.
Most of the production facilities have been shut down and new start-ups have been put into production.
Each plant has downstream supporting facilities.
The scale of external supply is very limited, raw material support is limited, cost factors are weak, and downstream demand is weak.
Good shipments are difficult to see, and the market outlook is temporarily weak and most of them migrated.
Currently, we still have no choice but to wait and see; the operating load level of the installations is still low.
Among them, Bayer Shanghai continued to stop, Wuxi Resin started and stopped one, Zhongxin Chemical's load was average, and Sinopec Mitsui went into production smoothly.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer Shanghai closed the disk, the pre-ex-factory price was 17,700 yuan/ton, mainly self-supporting, limited export scale, 110,000 tons/year double The phenol A plant was shut down on October 30.
It is planned to end the year.
The first 100,000-ton/year polycarbonate plant will have low load, and the second 100,000-ton/year polycarbonate plant will be mechanically completed in October; Wuxi resin will be closed.
, The initial quotation is 17,500~18,000 yuan/ton.
The products are mainly for self-use and rarely sold externally.
The 16,000-ton/year bisphenol A plant may be shut down and restarted on April 17th.
The 25,000-ton/year bisphenol A plant is in operation.
Normally, the 90,000-ton/year bisphenol A plant in Nantong is under construction, and its commissioning is postponed to the second quarter of 2009; Zhongxin Chemical’s ex-factory price is 8,500 yuan/ton, and the 25,000-ton/year bisphenol A plant has a relatively low operating load.
Oxygen resin plant (intermittent start-up and inventory digestion); Sinopec Mitsui Mitsui's 120,000-ton/year bisphenol A plant was completed in late October.
It was officially put into use at the beginning of the month and scheduled to be discharged at the end of the month.
The products are mainly sold to polycarbonate users.

(Our reporter Meili)

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