Daily review of bisphenol A: repeated fallout

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] October 27, 2008: The resistance level of the domestic bisphenol A market has repeatedly fallen, and the market continues to decline.
The last trading day (October 24) The mainstream transaction price in the East China region of the mainstream market has reached 10,000-10200 yuan/ton, and the low-end price has been reduced by 1,200 yuan/ton and the high-end price has been reduced by 1,300 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was still unstoppable and helpless after recent continuous adjustments.
The upstream raw materials plummeted and the spot demand continued to weaken.
Under the influence, the price market fell into a deep fall again.
11,500 yuan/ton was just threatened.
In a blink of an eye, it has killed around 11,000 yuan/ton, and the 10,000 yuan/ton competition is in sight.
The historical low point of the year-9,700 yuan/ton, the market is pessimistic, and the market outlook has lost confidence; at the same time, downstream epoxy resins continue to fall, solid resin prices can reach 15,500 yuan/ton, and liquid resin prices are also at a new low in recent years.
Fierce bidding, poor export markets, wide price ranges, and high inventories of manufacturers, the current operating load continues to decrease, among which: solid resin 3-40%, liquid resin 50-60%, raw material consumption demand is shrinking; entering the weekend, the whole In the last week of the month, market merchants often left the market and waited and watched, downstream users were less motivated to enter the market, trading became more deserted, and the market hardly improved.
All parties concerned about the import data in September; as the domestic market fell further, bisphenol The market reaction of A outer plate is dumb.
At present, the Korean benchmark price of FOB pure benzene has fallen below 500 US dollars/ton, and domestic phenol directly dives beyond the ten thousand mark.
It is not impossible for bisphenol A outer plate to dive by US$1,300/ton.

    On the trading day (October 24), the domestic bisphenol A market continued to decline, the buying sentiment was quiet, the number of inquiries were few, and the atmosphere was still sluggish.
The upstream raw materials of pure benzene and phenol ketone fell sharply, and downstream worries grew further, and the intended price was generally low.
, And the negotiations were bleak and the volume was very small; after a few consecutive days of sharp decline, there was no breathing gap.
There were few signs of recovery in the market, and trading was still sluggish.
Merchants took the initiative to offer sparsely and more to decide on the intent to travel; downstream epoxy Resins are also ineffective, with many reductions in production, a serious lack of market purchases, stagnant consumption of spot resources, weak purchasing intentions for raw materials, and a further weakening of mutual support.
Raw materials continue to weaken and consolidate, a new round of domestic phenol diving, continuous downward adjustments by manufacturers / no downstream sourcing, continuous low-price transactions for acetone, and overall no positive trend.
According to market experts from China Epoxy-e.
cn (www.
epoxy-e.
cn), the mainstream quotation in East China is 10200-10500 yuan/ton, the low-end price is reduced by 1300 yuan/ton/ the high-end price is reduced by 1200 yuan/ton, and the mainstream The transaction price is 10,000~10200 yuan/ton, the low-end price is reduced by 1200 yuan/ton/the high-end price is reduced by 1300 yuan/ton; the mainstream quotation in Huangshan area is 10300-10600 yuan/ton, the low-end price is reduced by 1300 yuan/ton/the high-end price is reduced by 1200 yuan/ton.
The mainstream transaction price is 10000-10300 yuan/ton, the low-end price is reduced by 1300 yuan/ton/ the high-end price is lowered by 1400 yuan/ton; the mainstream quotation in North China is 10400-10700 yuan/ton, the price is reduced by 1200 yuan/ton, and the mainstream transaction price is 10100-10400 yuan/ Ton, down 1,300 yuan/ton; mainstream quotations in South China are 10,700-11,000 yuan/ton, low-end prices are down 1,300 yuan/ton, high-end prices are down 1,200 yuan/ton, mainstream transaction prices are 10,500-10,700 yuan/ton, low-end prices are down 1,200 yuan/ The ton/high-end price is reduced by RMB 1,300/ton.

    Domestic bisphenol A manufacturers have no choice but to wait and see and passively restrict sales.
Each factory has downstream supporting facilities and the scale of external supply is very limited.
The overall characteristics continue to be: limited output, low inventory, little export, weaker impact, reduced production, operation, and export There are very few goods, limited for sale, mainly for self-use, unclear prices and lack of offers; in terms of operating conditions of the production equipment, the overall start-up is maintained at a very low level, among which: Bayer Shanghai Load 50%, Wuxi Resins open one stop one, Zhongxin Chemical The load is average, and it is difficult to make obvious adjustments in the near future.
The low-cost and low-sales pattern will continue to be maintained.
It is good for Bayer Shanghai's second polycarbonate plant to be put into production later, and the commissioning of Sinopec Mitsui's bisphenol A plant is also bad.
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 load of the phenol A plant is relatively low, and the load of the 100,000-ton/year polycarbonate plant is relatively low.
The second set of 100,000-ton/year polycarbonate plant will be mechanically completed in October; Wuxi resin is sealed, and the initial price is 17500-18000 yuan/ton.
, The products are mainly for self-use, and the number of export sales is not large.
The 16,000-ton/year bisphenol A plant has been shut down for maintenance on April 17 and may not be restarted.
The 25,000-ton/year bisphenol A plant is operating normally and 90,000 are under construction in Nantong.
The ton/year bisphenol A plant will be put into operation until the first quarter of 2009; Zhongxin Chemical’s closure, the initial ex-factory price of 16,700 yuan/ton, the 25,000 ton/year bisphenol A plant has a low operating load, and the product is mainly supplied with supporting rings.
Oxygen resin plant (intermittent start-up, inventory digestion); Sinopec Mitsui's 120,000-ton/year bisphenol A plant is coming to an end.
It is planned to be put into operation from October to November.
It is still under commissioning and the raw materials have not yet been put into the tank.

(Our reporter Zhong Huan)

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