Daily Review of Bisphenol A: Overcast and Falling

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 13, 2008: The domestic bisphenol A market continues to fall, the mainstream market on the trading day (November 12) The mainstream transaction price in East China has formed a range of 7800-8000 yuan/ton, and the low-end price has been reduced by 100 yuan/ton.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), market experts said that on that day, the market went down within a narrow range, and it fell slightly for several days, and the mentality was affected.
There were very few active spot offers, and some merchants in view of the cost.
, And peripheral products have stabilized or rebounded slightly.
For the time being, wait and see cautiously and do not rush to ship; although users are looking for replenishment, they are limited to the low-end, and the negotiated price is gradually reduced to this, and small orders and high-volume transactions will continue to be the main; some hold Cargo merchants are suffering from production costs and temporarily holding positions.
Although spot resources continue to decrease, market supply and demand fundamentals are poor, short-term benefits continue to be severely lacking, and narrow-range consolidation will continue; the raw material phenol market has further fallen, and the East China market discussion has dropped to 6000 yuan/ Tons, the downstream negotiating intention is weak, the transaction is scarce, the acetone market is picking up slightly, some merchants have closed the market and wait and see, the aromatic hydrocarbons have not rebounded at the beginning of the month, providing "discussion space" for the bottom of the market; currently there is no firm offer for the external market, and the internal market is again Down, the importers talked more cautiously, the domestic market is still weak in a narrow range, the mainstream market in East China is weakening again, the market outlook lacks clear judgment, the market mentality is generally cautious, price negotiations are weak, small orders are mainly traded, and the market outlook is still needed to stabilize Supporting strength.

On the previous trading day (November 12), the domestic BPA market was still down, favorable factors were missing, downstream buyers were looking for goods at low prices, quotations were relatively narrow, deals were broad, and discussions were not active, and the circulation was mainly ocean-going.
, The downstream start-up is still not high, the consumption level is limited, coupled with the downward consolidation of related products and the weak consolidation of the raw material market, the pressure on bisphenol A is still great, wait and see small and medium-sized orders to find replenishment at low prices; the external market fell by 50-100 US dollars last week.
Tons, to US$900-950/ton (CFR China main port), cargo buying intentions are generally less than US$900/ton (CFR China main port).
Manufacturers further reduce the start of production, supported by the high cost of the previous period, and there is room for further price reductions.
Not much; domestic market fundamentals are weak, and there is a further weakening trend again, related products are volatile, the market wait-and-see atmosphere is intensified, the overall downstream market is sluggish, inventory digestion is slow, it is difficult to increase demand for BPA, and market confidence is difficult to get tired Convergence, the weak consolidation pattern will continue.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 8000-8200 yuan/ton, the mainstream transaction price is 7800-8000 yuan/ton, and the low-end price is reduced by 100 yuan/ Tons; mainstream quotations in Huangshan area are 8300-8500 yuan/ton, mainstream transaction prices are 8000-8200 yuan/ton; mainstream quotations in North China are 8300-8500 yuan/ton, mainstream transaction prices are 8100-8300 yuan/ton; mainstream quotations in South China are 8500- 8,700 yuan/ton, the mainstream transaction price is 8300-8500 yuan/ton, and the low-end price is lowered by 100 yuan/ton.

Domestic bisphenol A manufacturers still have little change, some of them have resumed quotations, and still wait-and-see, most of the production facilities have stopped, and newly built start-ups have been put into production.
Each plant has downstream supporting facilities and the scale of external supply is very limited.
The overall characteristics continue to be: limited output , Inventory is not high, mainly for self-use, few export sales, reduced production operation, wait-and-see is the top; the overall operation level of the device is still low, among which: Bayer Shanghai continues to stop, Wuxi Resin starts and stops one, Zhongxin Chemical has a normal load, and Sinopec Mitsui has successfully tested the operation.
.
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 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 preliminary quotation is 17,500~18,000 yuan/ton.
The products are mainly for self-use, and the export quantity is not large.
The 16,000-ton/year bisphenol A unit may not be shut down and restarted on April 17, and the 25,000-ton/year bisphenol A unit is in operation.
Normally, a 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 8,200 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.

(The reporter of this site is closed)

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