Daily Review of Bisphenol A: Stick to the Quotation

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] May 6, 2010: The domestic bisphenol A market sticks to the quotation and continues to organize.
On the last trading day (May 5), the mainstream transaction price in the mainstream market in East China still maintained the range of 16,500-16,600 yuan/ton.
According to analysis by market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market’s operating atmosphere on the day was general, with international crude oil plummeting and petrochemical products under pressure.
BPA’s internal disk was still supported by external disks and demand was supported by the mainstream market.
Merchants firmed their quotations, and some of them reported high prices of 17,000 yuan/ton.
Downstream wait-and-see and purchase on-demand.
After the holiday, the spot market of BPA was flat, and the external market performed relatively strong.
The downstream polycarbonate internal and external disks were strong, and the support was obvious.
The epoxy resin market performance was also comparable.
The spot was cautious and optimistic.
The impact of recent macro factors and the apparent divergence of commodity shocks.
On Tuesday, international crude oil plunged by US$3.
45/barrel, which may have a certain degree of pressure on the market mentality.
BPA has little effect for the time being, and the high shocks continue.
Most of the domestic manufacturers' quotations are clear, and their mentality is maintained.
The new devices have not yet been released, and the cost factor is still supportable.
The raw material phenol is at a high level.
The high-end negotiation is US$1,750/ton (CFR China’s main port), reaching a record high, the spot market is narrowed, the price in East China is 14400-14500 yuan/ton, and the local port arrived in late April.
Supply and demand have eased; acetone spot prices are at a high level, and the price in East China is 8459-8500 yuan/ton.
There is ample supply of external disks.
With the impact of the spot, it fell slightly by US$10/ton.

    On the trading day (May 05), the bisphenol A market was flat and flat, with a wait-and-see atmosphere.
Some end users and second-hand merchants had limited inquiries to find directions and limited actual discussions.
The reference negotiation level was temporarily maintained; last week, it began to move to consolidation and consolidation.
At present, the overall mentality is acceptable.
Recently, international crude oil fluctuates strongly, focusing on downstream demand, external disks, and related products.
BPA spot market fluctuates, and the market continues to be sorted out.
The traditional peak season of downstream epoxy resins and the improvement of the export market, although raw materials have repeatedly increased, but have not yet fallen or weakened, the overall operating load is about 80%; but after all, the raw materials have risen sharply in April, and the small and medium downstream are slightly struggling and facing challenges.
At present, the supply of domestic resources is still, mainly Sinopec Mitsui and Bayer Shanghai.
In May, installations in Asia continued to be overhauled.
Demand for downstream polycarbonate and epoxy resins is good, and the possibility of bisphenol A outer disks going down is limited; although phenolic ketones may weaken and related products are strong, or they will be suppressed, new installations will be released.
Unexpectedly, Sinopec Mitsui will be overhauled in June, and the bisphenol A market, which is highly dependent on imports, is still the main operating tone.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 16,700～17,000 yuan/ton, the mainstream transaction price is 16,500～16,600 yuan/ton; the mainstream quotation in Huangshan area is 16,800～ 17000 yuan/ton, the mainstream transaction price is 16600-16700 yuan/ton; the mainstream quotation in North China is 16800-17000 yuan/ton, the mainstream transaction price is 16600-16700 yuan/ton; the mainstream quotation in South China is 17200-17500 yuan/ton, the mainstream transaction price 17000～17100 yuan/ton.

    The external disk of BPA rose sharply for 2 consecutive years, with an average monthly increase of about US$180/ton, which has reached a record high since March 2008; the spot market turned volatile in late April, and the external disk remained strong.
Downstream and import merchants were cautious in chasing the increase in the first half of the month.
External transactions were in good condition, and the pace of trading slowed down in the second half of the month.
In April, the main focus was on near-ocean negotiations, and the firm offers of ocean-going cargoes were few.
There were still installations in Asia from May to June for maintenance.
In addition, the downstream demand for polycarbonate and epoxy resin is good, and the follow-up high is expected to continue.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the average transaction price at the end of April exceeded US$1950/ton (CFR China’s main port).
The change, the Asian FOB Korea benchmark price hovered at US$1,000/ton, and the price gap with BPA widened to US$950/ton.
The Asian market is showing a steady rise.
The CFR reference negotiated price is 1940 to 1970 US dollars per ton.
Although the domestic high has turned into shock recently, the external market is still relatively strong.
The regional market's cargo offer intention is 1970～2,000 USD/ton (CFR China main port), and the negotiated price is 1940～1970 USD/ton (CFR China main port) one week before the holiday.
Among them: export-oriented downstream epoxy resin manufacturers will ship in May The goods were traded at US$1940/ton (CFR China’s main port), and the quantity is unknown; hundreds of tons of goods were traded at a high level of US$1990/ton (CFR China’s main port), and most importers said that the price was high and lacked representation; bonded goods The negotiated price is between 1950-1980 US dollars/ton (CFR China main port), part of the transaction is between 1950-1960 US dollars/ton, and another 200 tons of high-level cargo is traded at 1970 US dollars/ton (CFR China main port).

(Our reporter Huan Yang)

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