Daily Review of Bisphenol A: Unstoppable Falling

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 17, 2008: The domestic bisphenol A market is still on the decline and the momentum is unabated.
The last trading day (December 16 ) The mainstream transaction price in East China in the mainstream market continued to fall to 7,200-7,500 yuan/ton, and was revised down again by 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market remained weak in the morning, and the negotiated price is gradually falling, and there is a possibility of 7,000 yuan/ton.
Low-end support is still less supported, and high-end quotes It is difficult to reach, the recent import arrivals are relatively concentrated, the downstream buyers are hesitant and cautious in purchasing, a small amount is available on demand, the overall confidence is insufficient, the wait-and-see atmosphere is strong, and the trading situation is light; the upstream phenolketone market continues to weaken and consolidate, and the price difference between the two is getting smaller and smaller , The current market prices in East China: phenol 5400-5000 yuan/ton, acetone 5100 yuan/ton, still more imports in the middle and late to replenish the supply, coupled with the further weakening of downstream demand, even if there are not many local market supplies, it is still not enough to form a strong support ——The cost factor is negative; there is no "movement" in the external market, but the weakness is not diminished.
Regional producers offer 830-860 US dollars per ton, South Korea's polycarbonate plant cuts and stops production, and the pressure on BPA inventory increases; Lower prices are heard, the mentality is depressed, the downstream market volume and prices are shrinking, the "vitality" is weaker, near the end of the year and the beginning of the year, funds are more tight, merchants are facing liquidation, lightening positions and realizing, shipment pressure still exists, and Sinopec Mitsui’s commissioning is troubled.
In the market, as the atmosphere weakens further, there is still room for exploration.

On the last trading day (December 16), the domestic BPA market continued to weaken, and downstream and stockholders mostly wait and see.
The number of active bidders in the market is still limited.
The level of reference negotiation is low, and the high-end is difficult to reach.
Continue to pay attention to the external market and domestic new construction The device was put into production, and the trading volume was slow and limited throughout the day; the market was turbulent in a narrow range, the wait-and-see atmosphere was strong, and the trading status was thin.
The downstream epoxy resin was still weak as a whole and partially tired.
Among them, the solid resin fell, and the manufacturers reported lower prices.
A frustrated mentality will inevitably affect the purchase of raw materials; following the weak consolidation trend, near the end of the year, imports continue, the short-term bearish atmosphere is becoming stronger, foreign trade negotiations continue to weaken, the downstream sporadic low-price purchases, and the overall volume of transactions are reduced; on the one hand, cost support is reduced, On the other hand, the market outlook lacks clear judgment, and the wait-and-see atmosphere has been permeating, and the downstream partial start of construction has fallen, which has a greater impact on the mentality.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 7400-7600 yuan/ton, the mainstream transaction price is 7200-7500 yuan/ton, Decrease 100 yuan/ton; mainstream quotations in Huangshan area are 7500-7700 yuan/ton, lower 200 yuan/ton, mainstream transaction prices are 7300-7500 yuan/ton, low-end prices are lowered by 200 yuan/ton/high-end prices are lowered by 100 yuan/ton; North China Mainstream quotations are 7500-7700 yuan/ton, down 200 yuan/ton, mainstream transaction prices are 7400-7500 yuan/ton, low-end price down 100 yuan/ton/high-end price down 200 yuan/ton; mainstream quotation in South China is 7900-8100 yuan/ Ton, lowered by 200 yuan/ton, and the mainstream transaction price is 7700-8000 yuan/ton, lowered by 100 yuan/ton.

    Most domestic bisphenol A manufacturers have closed disks and shut down their installations.
The overall operating load is still low.
The new installations have been started smoothly and the discharge has been delayed.
Sinopec Mitsui’s raw materials have been cut off and the production has changed.
However, the operation will resume in the middle of the month, and there will be no news of good news; Each factory has downstream supporting facilities, the scale of external supply is very limited, the raw material support is still weak, the cost factor is weak, the downstream demand is difficult to change, and the shipment continues to be difficult to see good.
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 (production postponed to the second quarter); Zhongxin Chemical’s ex-factory price is 8,000 yuan/ton, 2.
5 The operating load of the 10,000-ton/year bisphenol A plant is relatively low, and the main supply is the supporting epoxy resin device (intermittent start-up, digesting inventory); Sinopec Mitsui's 120,000 ton/year bisphenol A plant raw material supply has changed-Gaoqiao Caojing 200,000 The ton/year phenol and ketone plant was shut down and restarted on the 16th.
After the production capacity has gradually increased and stabilized, the former plans to put into production at the right time.
This market has attracted much attention and has become the main focus in the near future.

(Our reporter Feng Fei)

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