Daily Review of Bisphenol A: Wait and see

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on March 19, 2009: The domestic bisphenol A market is on the sidelines and is focused on sorting.
On the last trading day (March 18), the mainstream transaction prices in the mainstream market in East China continued to maintain the range of 7,200-7,300 yuan/ton, with high-end prices.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market’s wait-and-see atmosphere remained unabated and continued to consolidate within a narrow range.
Traders were still reluctant to sell at prices, with relatively weak buying intentions and few transactions.
Downstream trading intentions are relatively weak, and many merchants are worried about the market outlook.
Domestic manufacturers continue to control the start of construction, follow-up resources continue to supplement, and resource expectations are abundant.
Overall, the consolidation pattern is difficult to change, and the atmosphere continues to be stalemate; the external market is operating at a high level and prices are negotiated.
At 810-850 US dollars/ton (CFR China's main port), the market trading atmosphere continues to be weak, importers talk more cautiously, major trading companies hold goods and reluctant to sell, downstream buyers have a strong wait-and-see sentiment and poor transactions.
The raw material phenol market is full of wait-and-see sentiment, and the overall transaction volume is not satisfactory.
The price in East China is mostly 5,300 yuan/ton; the spot market in acetone is still not much.
The price is mostly 5200～5250 yuan/ton.
The downstream epoxy resin market is trending steadily, end-user demand is not obvious, and the transaction is limited; another major downstream polycarbonate, the market rebounded slightly, and the business mentality was still pessimistic.
In short, the positive and negative factors of bisphenol A are not strong and continue to operate in a narrow range.

    On the trading day (March 18), the domestic bisphenol A market continued to consolidate, continued to be weak, adjusted within a narrow range, and limited ups and downs.
The overall downstream operation was acceptable, the raw material market outlook was insufficient, mostly wait-and-see, negative receipts, and low merchant costs There are not many sources of goods, and most of them are follow-up high sources of goods, and there is a slight upward trend.
Merchants are not strong in shipping intentions and still wait and see the later trend.
The negotiation price is deadlocked and the continued rise is obviously weak, the downstream demand is not improving, and the transaction is not good; the external market of bisphenol A is trending stable, and the buying intention is mostly 810-850 US dollars / ton (CFR China's main port), the overall atmosphere is relatively light, and the narrow consolidation operation continues.
The cost pressure of downstream epoxy resin has increased, the price of controlled raw material cyclochlorine has risen, and some negotiations have moved up slightly.
End-user start-ups have not increased significantly.
The wait-and-see atmosphere is relatively strong, the transaction is limited, and the narrow consolidation operation is in progress, and the fluctuation space is limited.
Merchants wait and see, manufacturers are under-starting, and Sinopec's Mitsui plant has started to restart, so the available output is quite limited, but follow-up resources continue to enter, and later can gradually become richer, buyers' demand is not smooth, and they are cautious in obtaining goods.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 7,300-7,400 yuan/ton, the mainstream transaction price is 7,200-7300 yuan/ton, mainly high-end; the mainstream in Huangshan The quotation is 7400-7500 yuan/ton, the mainstream transaction price is 7300-7400 yuan/ton, high-end mainly; the mainstream quotation in North China is 7400-7500 yuan/ton, the mainstream transaction price is 7300-7400 yuan/ton, mainly high-end; the mainstream in South China The quotation is 7800-7900 yuan/ton, the mainstream transaction price is 7700-7800 yuan/ton, high-end mainly.

    Adjustments to the operation of domestic manufacturers' installations-the start of construction has resumed slightly, half of which is low, Sinopec Mitsui has restarted, Zhongxin Chemical is still shutting down, and the rest are running at low load; the quotation trend is still-half of the offer, half of the offer, high-end can be at 7600 yuan / Tons, the downstream has a lot of resistance to this; the overall characteristics are still: high production capacity, discourse power waiting to be improved, overall low load of installations, clear quotation part, self-supporting mainly, and a small amount of external supply.
According to market experts from China Epoxy Industry Association ( www.
epoxy-e.
cn ), on the same day: Bayer Shanghai’s ex-factory price was 7500-7600 yuan/ton, and the products were mainly for self-use, 11+100,000 tons/year of bisphenol A plant The load is not high, the overall load is less than 50%, the first set of 100,000 tons/year polycarbonate plant has a low load, and the second set of 100,000 tons/year polycarbonate plant was completed in October 2008/started in December; Sinopec Mitsui The ex-factory quotation is 7300~7400 yuan/ton, and the 120,000-ton/year plant will be shut down last weekend and restarted on the 17th.
The product is mainly supplied to contract users-polycarbonate manufacturers; Wuxi resin is closed, and the preliminary quotation is 17500~18000 yuan/ton.
, The products are for self-use and basically no export-the main supply is the Xitong epoxy resin plant (overall production capacity exceeds 100,000 tons/year), and the 16,000 tons/year bisphenol A plant will stop and restart on April 17 is no longer possible, 2.
5 The 10,000-ton/year bisphenol A plant is operating normally, and the catalyst replacement plan is scheduled for March.
The 90,000-ton/year bisphenol A plant in Nantong was postponed to June; Zhongxin Chemical closed the disk, and the initial ex-factory price was 8,000 yuan/ton, 25,000 tons/year The bisphenol A plant was shut down last weekend.
It is planned to be the end of the month.
The main product will be the Suicheng epoxy resin plant (the overall production capacity is more than 50,000 tons/year), and there are not many exports.

(Our reporter Xingchen)

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