Daily Review of Bisphenol A: Observe Eight Thousands

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 3, 2008: The domestic bisphenol A market continues to fall and has reached the resistance level of 8,000 yuan/ton, last trading day (October 31) The mainstream transaction prices in the East China region of the mainstream market fell to the low range of 8000-8200 yuan/ton, down 400 yuan/ton, still dominated by the low-end, and there is no shortage of lower.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market remained sluggish as a weekend, and the market was still down.
The upstream pure benzene and phenol ketones continued to decline, and the downstream epoxy resin factories generally The suspension of work, the upper and lower negative attacks, and the negotiation is extremely limited.
The trading volume gradually slipped to 8,000 yuan/ton, and some negotiations could even reach 7,800 yuan/ton.
The impact of the economic crisis has spread and the overall decline of the chemical industry has not stopped.
The bisphenol A market is still difficult to be optimistic.
The trend of stabilization in the latter part of the weekend is worthy of recognition; however, after continuous substantial adjustment and squeeze, while the price decline continues, there are signs of slowing down.
With downstream users and intermediate merchants, inquiries have increased and some Active, but the price market is difficult to pick up, although there is a narrow range, but not mostly low-end, the front line of buyers and sellers has moved down, concentrated on the front line of 8,000 yuan/ton, and the holding merchants actively offer very few quotations, and they still have to wait and see for a short period of time and substantial discussions Limited; due to the sharp decline in raw materials and the constraints of downstream demand, especially the shrinking Chinese imports, the external market for bisphenol A has plummeted.
South Korea’s November cargo offer of US$1,100/ton is unattractive, and the Russian cargo’s trading intention is also to US$1,000/ Ton.

On the last trading day (October 31), the domestic BPA market followed a weak consolidation, and the downward trend was still unbearable.
Related products remained in a downturn.
The downward pressure on upstream raw materials remained unabated, the downstream consumer demand was severely shrinking, and the supply of goods was digested.
The speed is slow, the market support is severely weak, the overall chemical industry is in a downturn, and waiting is the best option to avoid it.
8,000 yuan/ton will face the test, and some large orders have been contacted below this line; manufacturers are extremely helpless and stop production in general.
At present, Bayer The Shanghai plant has been shut down, Mitsui Osaka’s 320,000-ton/year phenol ketone plant has also been shut down, and some bisphenol A plants in South Korea are started under more control.
Later production reduction will become an important option, mainly due to many factors such as weak downstream demand and deep decline in upstream raw materials.
.
According to market experts from China Epoxy-e.
cn, the mainstream quotation in East China is 8200-8500 yuan/ton, the low-end price is lowered by 400 yuan/ton/ the high-end price is lowered by 500 yuan/ton, and the mainstream The transaction price is 8000-8200 yuan/ton, 400 yuan/ton down; the mainstream quotation in Huangshan area is 8500-8800 yuan/ton, 200 yuan/ton, the mainstream transaction price is 8200-8500 yuan/ton, 300 yuan/ton; North China Mainstream quotations are 8500-8800 yuan/ton, down 200 yuan/ton, mainstream transaction prices are 8200-8600 yuan/ton, low-end prices are lowered by 300 yuan/ton/high-end prices are lowered by 200 yuan/ton; mainstream quotations in South China are 8700-9000 yuan/ton , The low-end price is lowered by 400 yuan/ton/ the high-end price is lowered by 500 yuan/ton, and the mainstream transaction price is lowered by 8500-8700 yuan/ton and 400 yuan/ton.

    Domestic bisphenol A manufacturers lack offers, passively wait and see, and some manufacturers stop to avoid risks, but new installations are about to start.
The overall characteristics continue to be: limited output, low inventory, little export, weaker impact, reduced production, operation, and shipment Very few, limited sales are mainly for self-use, each plant has downstream supporting facilities, and the scale of external supply is very limited; the operation of the equipment is maintained at a very low level, including: Bayer Shanghai started to stop, Wuxi resin started one stop, and Zhongxin Chemical's load was average .
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, most of which were self-supporting and limited export scale, 110,000 tons/year The phenol A plant will be shut down on October 30.
It is planned to end the year.
The load of the 100,000-ton/year polycarbonate plant will be low.
The second set of 100,000-ton/year polycarbonate plant will be mechanically completed in October; Wuxi resin will be closed and the preliminary quotation will be provided.
17500～18000 yuan/ton, the products are mainly for self-use, and the export quantity is not large.
The 16,000-ton/year bisphenol A unit has been shut down for maintenance on April 17, and the restart may not be significant.
The 25,000-ton/year bisphenol A unit is operating normally , Is building a 90,000 tons/year bisphenol A plant in Nantong, and the commissioning time will be extended to the first quarter of 2009; Zhongxin Chemical has closed the disk, the initial ex-factory price is 16,700 yuan/ton, and the operation load of the 25,000 tons/year bisphenol A plant is relatively low , The product is mainly for supporting epoxy resin equipment (intermittent start-up, digestion of inventory); Sinopec Mitsui's 120,000 tons/year bisphenol A plant construction is coming to an end, and the initial start-up of the device is initially successful, and the material will be officially put into operation within a week.

(Our reporter Xingchen)

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