Daily Review of Bisphenol A: Trading Turns Down

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] September 13, 2010: The domestic bisphenol A market is deadlocked and trading is getting weaker.
On the last trading day (September 10), the mainstream transaction price in East China in the mainstream market continued to be stable in the range of 19,300 to 19,500 yuan/ton.
According to the analysis of market experts from the China Epoxy Resin Industry Association (www.
epoxy-e.
cn), the trading atmosphere on the day has turned weak, some forward cargoes tended to be weak in a narrow range, and international crude oil rose and fell.
The phenol A external disk stalemate, the direct raw material phenol ketone was partially listed, and both closed down.
Downstream end users digested inventory and held currency to wait and see, waiting for the market to gradually become clear next week, and the overall inertia on the weekend and narrow fluctuations.
The market has entered a phased consolidation, and the market outlook is cautiously wait-and-see.
The buying momentum is still weak, negotiations are mainly low-end, high-end delivery is not smooth, and end-users continue to receive low quantities.
In view of the later arrival of imported goods, the market may change, trade Merchants have a cautious attitude and concentrated wait-and-see atmosphere.
The focus of the discussion on the raw material phenol market has fallen, and the prices of northern manufacturers have been lowered and listed for sale.
Eastern China has negotiated 15150-15200 yuan/ton; the acetone market has fallen simultaneously and dealers have been cautious, and Eastern China has negotiated 6300-6350 yuan/ton.
The downstream demand season is not strong, and the operating rate in some areas is limited.
For the current high raw materials, most of them are unbearable, and the trading deadlock between buyers and sellers continues.
The short-term market supply may remain low, and the continuous weakening of raw materials will bring unfavorable factors.
The purchase of downstream raw materials will remain light, and the bisphenol A market will continue to fluctuate at a high level.

On the last trading day (September 10), the market sentiment of BPA remained stable, with tight spot supply and poor terminal demand.
Actual negotiations were light, and negotiations were low-end.
Small orders were mostly sold, and the market was consolidating at a high level.
The tight supply of downstream polycarbonate is good, and the low-end brand offers are slightly adjusted.
However, due to the small domestic consumption and limited support, the epoxy resin is under-operated and the raw material procurement is weak.
Phenol, the raw material, fell slightly and operated weakly, with transactions at the mid-to-low end and limited downstream demand; acetone had low enthusiasm for entering the market and limited transactions.
The spot trend is stable, the negotiation atmosphere is deadlocked, the arrival of imported goods is approaching, the buyer is watching, the operation is cautious, the small order is the focus, some end users rigid demand, low-volume replenishment; Bayer Shanghai Pelletizing Tower failure, planned to stop for a week on Thursday , Or may become new good news.
The market supply is still tight, and the subsequent shutdown of installations may aggravate the shortage of supply; however, the arrival of imported goods is imminent or can partially alleviate the situation.
Short-term supply remains low and the market is temporarily high.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 19,500-19,600 yuan/ton, the mainstream transaction price is 19,300-19,500 yuan/ton, mainly low-end; Huangshan area The mainstream quotation is 19,600-19,700 yuan/ton, and the mainstream transaction price is 19,500-19,600 yuan/ton, mainly low-end; the mainstream quotation in North China is 19,600-19,700 yuan/ton, and the mainstream transaction price is 19,400-19,500 yuan/ton, mainly low-end; The mainstream quotation in South China is 20,000-21,000 yuan/ton, and the mainstream transaction price is 19,800-20,000 yuan/ton, mainly low-end.

    The bisphenol A external disk market synchronized with the domestic market and turned into a high stalemate.
According to market experts from the China Epoxy Resin Industry Association (www.
epoxy-e.
cn), the external disk market in the early stage has further risen, the supply of goods is tight, the external disk of phenol is rising, and the spot in China is strong.
Three major factors have promoted the further rise of bisphenol A.
Last week, the price rose to US$2050-2100/ton (CFR China main port), and the high and low-end prices rose by US$50 and 90/ton respectively.
In September, cargo offers were offered at US$2150-2200/ton (CFR China main port).
The market was supported by tight supply of goods and continued to rise.
It closed at US$2050~2101/ton (CFR China's main port) last week; Manufacturers shut down their installations for maintenance, but the overall supply is still insufficient, and the current actual trading stalemate.
Mainstream transactions in the domestic market were US$2,050/ton (CFR China's main port), and some high-end transactions were US$2070/ton (CFR China's main port).
Nanya plans to shut down the No.
1 90,000-ton/year unit on November 1st and conduct a January shutdown for maintenance.
The No.
2 100,000-ton/year unit will be shut down for maintenance on September 20-30.
The No.
3 100,000-ton/year unit has been shut down for maintenance.
It was shut down on September 1 for January maintenance.
There is no maintenance plan for the No.
4 130,000 tons/year device; PTT plans to restart Thailand's 150,000 tons/year new device in the fourth quarter, and it is expected that a large number of products will be available in the market in 2011.
The bisphenol A market in Europe is relatively tight.
The mainstream spot negotiation is 1,700 euros/ton (FD Northwest Europe), accounting for more than 2,160 US dollars/ton, and some Russian and Asian cargo offers are 1700 and 1,800 euros/ton (FD Northwest Europe), Contract negotiations in September are still going on.

(Our reporter Feng Fei)

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