Daily Review of Bisphenol A: Some Overcast

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] February 24, 2009: The domestic bisphenol A market has softened and declined, the last trading day (February 23) Although the mainstream transaction price in East China in the mainstream market is still maintained at 7,300-7,400 yuan/ton platform, the low-end price is reduced by 200 yuan/ton/ the high-end price is reduced by 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), as the market opened at the beginning of the week, prices continued to fall, wait-and-see, and intensified.
Inquiries were relatively thin, buyers’ purchases were limited, and some merchants had no spot resources.
Many, continue to be reluctant to sell, temporarily under-quote, and at the same time follow-up resources continue to fill in, resource shortages have begun to ease, prices continue to fall, and market participants are less optimistic about the market outlook.
The raw material market remains dominant for the time being.
Among them: the phenol market basically maintains the previous level, but profit-taking disks appear sporadically, increasing the market’s wait-and-see atmosphere, and the overall transaction volume is average.
The negotiation level in East China is 5700-5800 yuan/ton; the acetone market is rising.
Gradually slowing down, the negotiation level in East China is 5200-5300 yuan/ton; the external price of phenol ketone continues to be firm.
Downstream industries mostly take a wait-and-see move.
As the bisphenol A market is downcast, the epoxy resin and polycarbonate industries are more cautious in getting goods, the overall transaction is light, and the market is basically showing a sluggish operation; in fact, the market has appeared last week.
The downturn continued on that day, and the market continued to decline.
Merchants had positive shipments, and downstream buyers were cautiously waiting and watching.
Basic raw materials such as pure benzene and propylene fell, and terminal demand remained sluggish.

    On the last trading day (February 23), the domestic BPA market continued to weaken, and industry insiders were pessimistic and short-term bearish sentiment spread.
The market began to weaken slightly.
The downstream market receives goods, but the volatility is limited, and consolidation is still the theme; since the Spring Festival, the chemical market has rebounded, the bisphenol A entrusted raw materials and external disks, coupled with the limited spot sales, the continuous rise in the market, the merchants have a strong sense of reluctance to sell, but the downstream is generally started.
Demand is limited-although the market has picked up, it is driven by raw materials, the actual demand is still limited, and the market is gradually empty; the current factory load is not high, or inventory or self-supporting, the market spot supply is limited.
Imported goods have gradually arrived in Hong Kong, and the cost is relatively low, and the market has begun to bear certain pressure.
According to market experts from China Epoxy-e.
cn, the mainstream quotation in East China is 7500-7600 yuan/ton, the price is reduced by 200 yuan/ton, and the mainstream transaction price is 7300-7400 yuan/ton.
The low-end price is reduced by 200 yuan/ton/the high-end price is reduced by 100 yuan/ton; the mainstream quotation in Huangshan area is lowered by 7600-7700 yuan/ton, the low-end price is lowered by 100 yuan/ton/the high-end price is lowered by 200 yuan/ton, and the mainstream transaction price is 7400-7500 yuan/ton.
, Lowered by 100 yuan/ton; mainstream quotations in North China were 7600-7800 yuan/ton, lowered by 100 yuan/ton, mainstream transaction prices were 7400-7500 yuan/ton, lowered by 100 yuan/ton; mainstream quotations in southern China were 8000-8100 yuan/ton , Decrease 200 yuan/ton, mainstream transaction price 7800-7900 yuan/ton, low-end lowered 200 yuan/ton/high-end lowered 100 yuan/ton.

    Domestic bisphenol A manufacturers continue to have few changes, their operations continue to be low-key, and the quotations are still unknown.
They are mainly self-supporting and supply a small amount of external supply.
The overall production capacity is relatively high and the actual load is relatively low.
Although the production capacity is relatively high, the power of discourse needs to be improved.
The overall low production load and the complete closure of prices still reflect the heavy operating pressure, behind the fact that there is an oversupply, which is difficult to fundamentally reverse in the short term.
According to market experts from 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.
The products are mainly for self-use, and the overall load is less than 50%, 11+10 The load of the 10,000-ton/year bisphenol A plant is not high, and the overall load is less than 50%.
The first set of 100,000-ton/year polycarbonate device has a low load, and the second set of 100,000-ton/year polycarbonate device.
October 2008 Machinery Completion/Start-up in December; Sinopec Mitsui's 120,000-ton/year plant is operating normally, with flexible load, low product inventory, and the main contract user—polycarbonate manufacturers; Wuxi resin is closed, and the preliminary price is 17500~18,000 yuan/ Ton, the product is for self-use and basically no export-the main supply is for the Xitong epoxy resin plant (overall production capacity is more than 100,000 tons/year), and the 16,000 tons/year bisphenol A plant will be shut down and restarted on April 17th.
The 25,000-ton/year bisphenol A plant is operating normally, and the catalyst replacement is planned.
In March, Nantong’s 90,000-ton/year bisphenol A plant is scheduled to be put into operation in the second quarter; Zhongxin Chemical is closed, and the initial ex-factory price is 8,000 yuan/ton, 25,000 tons/ The bisphenol A plant was operated at low load every year, and the main supply was the Suicheng epoxy resin plant (overall production capacity was over 50,000 tons/year), and there were not many export sales.

(Our reporter Feng Fei)

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