Daily Review of Bisphenol A: Still Downward

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 4, 2008: The domestic bisphenol A market is weakly consolidating and continues to fall, last trading day (December 3) The mainstream transaction price in East China, the mainstream market, has reached 7800-8000 yuan/ton, and the low-end price has been reduced by 100 yuan/ton.
According to analysis by market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the market was still operating at a dull atmosphere that day.
Affected by the weakening of the spot market and the weakening of the mentality, the downstream maintained a wait-and-see mood and waited for the price to become clearer.
Some second-hand Many merchants also leave the market.
The low-end of the negotiation reached RMB 7,800/ton.
The high-end price is difficult to reach.
The resistance level of RMB 8,000/ton is already weak and seemingly unmaintained.
The current characteristics can be summarized as "the atmosphere turns tired and the undercurrent is surging.
" The market is weakly consolidating throughout the day, with a slight decline, downstream purchasing intentions continue to decline, the price of 8,000 yuan/ton is more conflicting, and the transaction level drops by about 100 yuan/ton daily; the scale of market delivery is still average, and the imported goods are successively cleared and sold.
Downstream demand is still flat, and the market outlook is full of bearish atmosphere.
The market surface is see-saw, but undercurrents are in fact surging.
International crude oil opened unfavorably in the month, plummeted by $5 and then broke through $50/barrel, and it was already around US$45/barrel that day.
The attitude is more cautious.
The near-ocean part of the inquiry intends to be 900 US dollars/ton (CFR China's main port), and the offshore part of the Russian cargo is negotiated to calculate how low the RMB cost price is 8,000 yuan/ton, which has become the market in addition to the recent concentrated arrival of imports.
Another potential negative factor.

    On the last trading day (December 3), the domestic BPA market sentiment was low and the mainstream quotation was only at the previous transaction level.
Downstream buyers mostly wait and see, and intentional discussions generally fell.
At present, the upstream raw materials support is weak, and the recent imports are concentrated.
Increased pressure on profitability and changes in market sentiment; the entire day’s market is narrowed and negotiated and transactions are limited, mainly due to the impact of import arrivals, and the slowdown in downstream recovery, the market mentality is also cautious, and high-priced sources are more resistant, but are supported by production costs.
, Buyers and sellers are temporarily deadlocked; upstream raw material phenol ketone is narrowed, the mainstream market East China transactions: phenol 5700-5800 yuan / ton, acetone 5000 yuan / ton, the former import source spread, focus on factory policies, the latter fell slightly, some businesses Go low.
The entire industrial chain is mostly affected by imports.
The spot supply has begun to loosen, the supply and demand relationship is facing widening, and the new production capacity is about to be launched.
The market outlook is worthy of attention, and the short-term is not optimistic.
A slight downturn or a turning point signal is a consensus.
.
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 quotation in Huangshan area is 8200-8400 yuan/ton, mainstream transaction price is 8000-8100 yuan/ton, high-end price is reduced by 100 yuan/ton; mainstream quotation in North China region is 8300-8500 yuan/ton, mainstream transaction price is 8100-8200 yuan/ton , The high-end price is reduced by 100 yuan/ton; the mainstream quotation in South China is 8500-8700 yuan/ton, the mainstream transaction price is 8300-8500 yuan/ton, and the low-end price is lowered by 100 yuan/ton.

    Most domestic bisphenol A manufacturers continue to close their quotations and partly lower their quotations.
Most of the production facilities are shut down, the operating load of the facilities is still low, and the start-up of new facilities is relatively smooth-Sinopec Mitsui's plant has been put into operation smoothly, and the material is expected to be discharged in the near future.
Attention: Each factory has downstream supporting facilities, the scale of external supply is very limited, raw material support is limited, cost factors are weak, downstream demand is weak, shipments are difficult to see good, and the market outlook is temporarily weak, and most of them are still waiting to wait and see.
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, mainly self-supporting, limited export scale, 110,000 tons/year double 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 initial quotation is 17,500~18,000 yuan/ton.
The products are mainly for self-use and rarely sold externally.
The 16,000-ton/year bisphenol A plant may be shut down and restarted on April 17th.
The 25,000-ton/year bisphenol A plant is in operation.
Normally, the Nantong 50,000-ton/year bisphenol A plant is under construction (it was successfully put into operation on the 3rd of December), and the 90,000-ton/year bisphenol A plant (commissioning postponed to the second quarter); Zhongxin Chemical’s ex-factory price is 8,000 yuan/ton, downgraded 500 yuan/ton, the 25,000-ton/year bisphenol A plant has a low operating load, and the main supply is the supporting epoxy resin device (intermittent start-up and inventory digestion); Sinopec Mitsui’s 120,000-ton/year bisphenol A plant was completed in late October.
The material was officially put into use in early November and is expected to be discharged in early December.
The products are mainly sold to polycarbonate users.

(Our reporter Shu Huan)

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