Daily Review of Bisphenol A: The decline slows down

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] October 30, 2008: The domestic bisphenol A market continues to fall, but the decline has slowed down, the trading day (October) 29th) The mainstream transaction prices in the East China region of the mainstream market basically formed 8800-9200 yuan/ton, the low-end was reduced by 400 yuan/ton, the high-end was reduced by 200 yuan/ton, and the low-end was mainly low, and there was no shortage of lower.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was still light on that day, downstream demand was shrinking, procurement demand was few, sporadic small orders were mainly low-price inquiries, and social inventory consumption was extremely high.
Slow, the upstream raw materials continue to weaken, the overall market mentality is exhausted, lower prices have emerged in large numbers, and the price of 9,000 yuan/ton is difficult to maintain; although the decline in the market has slowed down, the economic environment has further deteriorated, and the negotiating intention of the external market has fallen, and there is still further There is room for adjustment, multiple negatives of bisphenol A continue to be under attack.
The short-term trend is fragile and the situation is suspended.
Whether it can withstand the weight of the market diving is still unknown and remains to be seen; the current raw material market has fallen further, and the price of pure benzene Sinopec is down to 4,500 yuan/ton.
500 yuan/ton, phenol Gaoqiao Petrochemical factory 8500 yuan/ton, down 500 yuan/ton, acetone manufacturers and the market are upside down, there are still adjustment risks in the later period; most of the merchants are in serious losses, and the downstream part is still significantly lowering prices, but with the diving Continued advancement and resistance below 9,000 yuan/ton; the bisphenol A external disk market remains weak, and merchants take the initiative to offer offers and negotiate with the market.
The downstream intentions are mostly below 9,000 yuan/ton.
Imports become more deserted due to frequent pressure on the negative side.
The quotations are scarce, and there is a lack of cargo negotiations.
In view of cost considerations, there is a consensus expected-basically below US$1,200/ton (CFR China's main port).

On the trading day (October 29), the domestic BPA market continued to decline and tended to the low end.
Although the momentum has slowed down, certain storage companies have encountered certain problems, all due to the recent market turbulence, which will have a potential impact on the market.
Under the disadvantaged situation, some are bearish on the market outlook, or the funds are eager to cash out, and low prices are unavoidable.
Merchants who hold the goods follow the market and lack active offers.
The level of reference negotiation for offshore trading remains low, and the number of offshore sources is small and the price is small.
Slightly higher; downstream production is mostly stopped to reduce raw material inventory, raw material purchase intentions are weak, and the intention price is generally low; the current market atmosphere is weak, the interest in receiving goods is weak, the spot atmosphere is dim, the weak market lacks direction, and the market is tending to 9,000 yuan/ton.
, The global economic growth has slowed down, the industrial chain has further shrunk, and most downstream production is reduced or stopped, the market outlook is difficult to define, but it is initially certain that the resistance level of 9,000 yuan/ton is difficult to maintain.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 9300-9500 yuan/ton, the price is reduced by 100 yuan/ton, and the mainstream transaction price is 8800-9200 yuan/ton.
Lower-end prices are lowered by 400 yuan/ton/high-end prices are lowered by 200 yuan/ton; mainstream quotations in Huangshan area are lowered by 9300-9500 yuan/ton, lowered by 200 yuan/ton, mainstream transaction prices are lowered by 9000-9300 yuan/ton, lowered by 200 yuan/ton; North China Mainstream quotations are 9300-9500 yuan/ton, lowered by 200 yuan/ton, mainstream transaction prices are 9100-9300 yuan/ton, lowered by 200 yuan/ton; mainstream quotations in South China are 9800-10000 yuan/ton, lowered by 100 yuan/ton, mainstream transactions The price is 9500~9700 yuan/ton, down 200 yuan/ton.

    Domestic bisphenol A manufacturers continue to passively wait and see, lack of offers, and some manufacturers stop to avoid risks.
The overall characteristics continue to be: limited output, low inventory, few export sales, weaker impact, reduced production operations, few shipments, and restricted sales Mainly for upstream and self-use, each plant has downstream supporting facilities, and the scale of external supply is very limited; the operation of the production equipment is maintained at a very low level, among which: Bayer Shanghai has a load of 50%, Wuxi resin starts one stop and one stop, and Zhongxin Chemical has a general load, Bayer Shanghai The second set of polycarbonate plant will be put into operation at a later time because it is good, while the subsequent 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 phenol A plant will be shut down.
It is planned that by the end of the year, the load of the 100,000-ton/year polycarbonate plant will be relatively low.
The second set of 100,000-ton/year polycarbonate plant will be mechanically completed in October; /Ton, the product is mainly for self-use, and the export quantity is not large.
The 16,000-ton/year bisphenol A unit has been shut down for maintenance on April 17 and may not be restarted.
The 25,000-ton/year bisphenol A unit is operating normally and is under construction in Nantong The 90,000-ton/year bisphenol A plant will be put into operation until the first quarter of 2009; Zhongxin Chemical has closed the disk, the initial ex-factory price is 16,700 yuan/ton, and the 25,000-ton/year bisphenol A plant has a low operating load, and the main product supply Supporting epoxy resin equipment (intermittent start-up, digestion of inventory); Sinopec Mitsui's 120,000-ton/year bisphenol A plant is coming to an end.
It is planned to start-up from October to November.
It is still under commissioning and the raw materials have not yet entered the tank.

(Our reporter Huan Yang)

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