Daily Review of Bisphenol A: Weak and Volatile Market

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on March 15, 2010: Although the domestic bisphenol A market has slowed down, the weakness is difficult to eliminate.
On the last trading day (March 12), the mainstream transaction price in East China in the mainstream market managed to maintain the range of 13,900 to 14,200 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), raw materials in the market fell and the support was weaker that day.
Although oil prices and pure benzene rebounded to support the market, the market sentiment was slightly better, but the raw material phenol manufacturers lowered the price.
Supplementing the decline, coupled with the impact of some low-priced sources and increasing wait-and-see, the focus of negotiations and discussions has declined slightly, and some low prices have also been heard.
The decline of related products, epichlorohydrin, has increased, further suppressing downstream areas and making BPA shipments passive.
In view of the high oil prices and the high prices of pure benzene in Europe and the United States, and the high intraday volatility of pure benzene in Asia, the spot market atmosphere has improved slightly; the direct raw material phenol ketone has fallen further.
Among them, the spot price of phenol has been falling, and the price of acetone in East China has fallen to 8,200 yuan/ton.
Petrochemical manufacturers have successively lowered their adjustments to compensate for the decline, and the market will further decline.
Sufficient supply and weak downstream demand have become the common crux of phenol ketones.
The national CPI and PPI data were released.
Among them, the 2.
7% increase of CPI exceeded expectations and the market interest rate hike expectations were intensified.
The bulk of commodities had plunged, market risk appetite shifted, and the commodity market might be turbulent and consolidate.
At present, BPA has been hit by a double impact, and some merchants have increased their willingness to ship.
Although sellers have different short-term opinions, signs of market weakness have been shown; the external market of BPA has been stalemate, the raw material phenol ketone has intensified, and related products have deepened consolidation, long and short There is no shortage of intertwined and spot volatility.

    On the last trading day (March 12), the domestic BPA market was in a sideways order, and the weakness was obvious.
The offer range was wide, the actual negotiations were maintained, and the downstream epoxy resin production and sales were not smooth.
The current inventory is mainly digested and the raw materials are purchased cautiously.
The intermediary merchants' inquiry prices and intention positioning are slightly lower, and the pace of market transactions is slow.
The overall raw material market has weakened.
Among them, the upstream pure benzene fluctuates within a narrow range, and the spot inquiry intention has increased, mainly due to the recent external market callback and high oil prices; the phenol spot market is weak and fluctuated, and the factory price has begun to fall to make up for the decline; acetone spot negotiation The center of gravity continues to drop, and domestic manufacturers continue to lower.
In the stalemate in the downstream epoxy resin market, raw materials have repeatedly fallen or stalemate, and the future trend will be affected to a certain extent.
At present, spot sales are not smooth and prices are uneven.
The overall operating load is still about half, and the price market has a downward trend.
.
In short, the current spot market is at a deadlock, cost support and raw materials and related products are weakened, long and short confrontation, short-term narrow-range fluctuations and weakening prices continue.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 14300-14500 yuan/ton, the mainstream transaction price is 13900-14200 yuan/ton; the mainstream quotation in Huangshan region is 14300～ 14600 yuan/ton, mainstream transaction price 14100-14200 yuan/ton; mainstream quotation in North China 14300-14600 yuan/ton, mainstream transaction price 14100-14200 yuan/ton; mainstream quotation in South China 14800-15000 yuan/ton, mainstream transaction price 14400～14700 yuan/ton.

    Domestic bisphenol A manufacturers maintained their quotations, limited support for the market, and the spot prices were stagnant at a high level, and most of them were on the sidelines.
Despite the transformation of the market sentiment and proactive advances in the early stage, the start of construction is still limited, and some of them continue to stop.
The overall main characteristics continue to be: catering to the market, increased operational efforts, equipment maintenance, some have been restarted, no longer pushing up, operating mentality is improving, load maintenance, capacity utilization is still low, offers are stable, and trading and shipments are flexible.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer’s Shanghai ex-factory price was 14,500 yuan/ton, mainly for downstream polycarbonate devices and a small amount of external sales.
The supply scale is still limited and the market The impact is relatively small.
The 100,000+110,000-ton/year bisphenol A plant has all started, with a load of about 30%, and the 100,000+100,000-ton/year polycarbonate plant is operating normally; Sinopec Mitsui’s ex-factory price is 14,800 yuan/ton, 120,000 tons/year The bisphenol A plant ran normally and started up at full capacity.
The products were mainly supplied to polycarbonate manufacturers, and the core contract users were mainly, and the delivery remained stable; the Wuxi resin was closed, the pre-factory price was 17500-18000 yuan/ton, and the products were used for their own use.
No export sales in the near future-the main supply of Xitong epoxy resin plant (overall production capacity is more than 100,000 tons/year), some outsourcing, 25,000 tons/year bisphenol A plant restarted on March 2nd, and has been discharged on the 8th, Nantong The 90,000-ton/year bisphenol A plant was put into operation on February 22, and if it goes smoothly, it is expected to be discharged in April; Zhongxin Chemical will be closed, the pre-factory price is 9500 yuan/ton, and the 25,000-ton/year bisphenol A plant is running smoothly.
Suicheng epoxy resin equipment (overall production capacity is more than 50,000 tons/year), mainly for self-use, rarely for export.

(Our reporter Feng Fei)

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