Daily Review of Bisphenol A: Seemingly Lost 70

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 25, 2008: The domestic bisphenol A market continues to decline, the mainstream market East China on the trading day (December 24) The prevailing transaction price in the region began to operate in the range of RMB 6,900 to RMB 7,000 per ton, with a reduction of RMB 100 per ton.
According to analysis by market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market sentiment continued to be weak that day, and the market continued to fall slightly.
Low and heard, the volume of delivery is more difficult, the upstream and downstream and external disks are frequent, and the pessimism is unabated.
The main characteristics are: market sentiment is sluggish, narrow consolidation continues; spot market continues to be sluggish and consolidation, the market outlook lacks a clear grasp, downstream Mainly control the start of construction, due to the fact that the market is fixed on production and large-scale warehouses are rare, and the market is scattered and small orders are readily available.
The dollar market is still likely to weaken, and the trend of narrow trading will continue.
Traders have a pessimistic mentality; the external market wait-and-see atmosphere Strong demand, especially the weakening of the Chinese market, has led to lower buying intentions, and the exchange rate is as low as US$750/ton (CFR China's main port).
The Christmas festival is approaching and some manufacturers have a holiday, and trading negotiations may be postponed; domestic As for various manufacturers, some of Sinopec Mitsui’s products are being tested externally and downstream.
All parties are concerned about the market outlook.
The status of other manufacturers is maintained, export sales are limited, and the supply scale has not changed much.
In addition, low-volume imports seem to have no positive impact .

On the trading day (December 24), the domestic bisphenol A market continued to weaken.
The spot near-ocean supply was the main source, and the offshore price could be lower.
The downstream operating load fell further, the market outlook lacked a clear grasp, and the wait-and-see atmosphere was still relatively strong and small orders.
Buying at low prices and picking up when you use it; the market consolidates within a narrow range and gradually declines, because the fundamentals are weak, and the downstream is still down-the downstream cuts the start or stops early, and the BPA market mentality is significantly suppressed; the raw material phenol ketone market is hovering at a low level.
Among them, phenol is 5100-5200 yuan/ton domestically, 500-550 US dollars/ton (CFR China main port), acetone is 5050-5100 yuan/ton domestic, 500-510 US dollars/ton (CFR China main port); domestic bisphenol Factory A basically stopped and continued to seal the disks-after Bayer Shanghai and Wuxi Resins, Zhongxin Chemical entered the ranks of parking-its upstream phenol ketone unit was stopped simultaneously.
Currently, only one set of Wuxi Resins is maintained, but Sinopec Mitsui started to join.
According to market experts from the China Epoxy-e.
cn Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 7100~7300 yuan/ton, the mainstream transaction price is 6900~7000 yuan/ton, Decrease 100 yuan/ton; mainstream quotations in Huangshan area are 7200-7400 yuan/ton, lowered by 100 yuan/ton, mainstream transaction prices are 6900-7100 yuan/ton, lowered by 100 yuan/ton; mainstream quotations in North China are 7200-7400 yuan/ton, Lower 100 yuan/ton, mainstream transaction price 6900-7100 yuan/ton, lower 100 yuan/ton; mainstream quotation in South China 7600-7800 yuan/ton, lower 100 yuan/ton, mainstream transaction price 7400-7500 yuan/ton, lower 100 yuan/ton.

    In November 2008, China’s imports of bisphenol A dropped sharply to only 12,598.
56 tons.
The volume of imports decreased by 56.
36% from the previous month, a record low since January 2005 (10066.
42 tons).
: Japan has the largest reduction-80.
72%, followed by Russia, South Korea, and the United States supply regions-also 64-70%, Taiwan and Singapore have reduced nearly half-43.
54%, 46.
24%, respectively, on average The price was also lower than the previous month by US$288/ton.
This situation was mainly due to the sharp decline in the internal and external markets in October.
Compared with the situation of foreign trade talks in November, this statistic seems to be relatively small.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market is generally expected to have discrepancies-quite a few The goods have not yet been declared.
According to the statistics for the month, the import categories are: 5,375,319 tons of inbound and outbound goods in bonded warehouses, 1,155,015 US dollars, with an average price of 1,889.
19 US dollars per ton, general trade 2,876.
991 tons, 3,334,269 US dollars, and an average price of 1,158.
94 US dollars per ton, and 1,535 tons of re-exported goods in bonded warehouses.
, US$2053792, average price US$1,337.
98/ton, border small trade 1,496.
25 tons, US$1,506,186, average price US$1006.
64/ton, processing trade with imported materials 1,315 tons, US$2063827, average price US$1,569.
45/ton.
The export volume of the month was negligible.
The total export volume in November was 15 tons, and the average price was US$3050.
00/ton.
The export volume decreased by 86.
26% from the previous month and 98% from the same month of the previous year.
The cumulative export volume from January to November was 1123.
408 tons, which was the same as the previous year.
An increase of 46.
92% compared to the same period.

(This station reporter Shuohua) 

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