Daily review of bisphenol A: weak external disk

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] March 3, 2009: The domestic bisphenol A market has weak transactions and continues to be weak, while the external market has begun to weaken and the overall market is not good .
On the last trading day (March 2), the mainstream transaction price in East China in the mainstream market continued to maintain the range of 7,200-7,300 yuan/ton.
Market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that the market trend was relatively stable on that day, with fewer active offers.
Actually negotiated prices were mostly low-end, market merchants were still waiting and watching, and the market was buying.
Continued to be weak, overall trading is still limited, and foreign trade negotiations are also weak, at 810-850 US dollars / ton (CFR China's main port), a slight decline compared with the previous, the buying intention is weak; the current bearish factors seem to have the upper hand, supply In terms of domestic manufacturers, Sinopec Mitsui's load is 80%, and the initial offer is 7300-7400 yuan/ton.
Bayer Shanghai, Wuxi Resin, and Zhongxin Chemical are mainly used for their own use and are less exported.
External disk resources continue to supplement, and market resources are slightly sufficient; The main downstream consumption areas are generally not high, especially solid resin orders have fallen, and consumer demand is not good; the raw material market support is slightly weak, and phenol ketones have shown an overall decline.
However, the external disk prices are high and the quotations are mostly US$600/ton (CFR China Hong Kong), although there has been a slight correction in the spot market, the external market has not yet loosened; in the face of poor demand in the consumer sector and the sluggish spot market, market participants will find it difficult to have a good sustenance in the market outlook.
Flexible and cautious operation is still the dominant thought, and it is expected Weak market consolidation mainly depends on downstream demand and market outlook.
In the short term, we will continue to consolidate within a narrow range.

On the last trading day (March 2), the domestic BPA market continued to remain strong, and the transaction was still weak.
The raw materials phenol and acetone both declined.
Driven by the mentality of "buy up, not buy down", the consumer industry received slow delivery, and merchants had a slight mentality Obviously pessimistic, pay close attention to market trends, the market continues to operate in a weak state throughout the day, and the market has limited room for fluctuations; the recent market has been weak and has fallen slightly, trading merchants have sold profits, shipment sentiment has increased, and the market has continued to decline slightly, downstream manufacturers After receiving the goods at the previous low level and temporarily waiting and watching, the transaction remained light; the current basic raw materials-pure benzene, propylene, and direct phenolic ketones have fallen from the rise to the fall, the cost support energy is weakened, the downstream industries are generally started, and the demand is not real.
The improvement, the overall supply is no longer tight, and buyers are cautiously receiving goods on demand; external quotations are still strong, but importers and downstream companies generally have little confidence in the market outlook and mainly wait and see, and market transactions are slightly stalemate.
In short, negative factors in the domestic market have emerged, support has been reduced, and the market has consolidated within a narrow range and continued to weaken slightly.
In the near future, look at the January import data.
According to market experts from China Epoxy-e.
cn, the mainstream quotation in East China is 7400-7500 yuan/ton, the mainstream transaction price is 7200-7300 yuan/ton, mainly low-end; Huangshan The mainstream quotation in the region is 7500-7600 yuan/ton, and the mainstream transaction price is 7400-7500 yuan/ton, mainly low-end; the mainstream quotation in North China is 7600-7700 yuan/ton, and the mainstream transaction price is 7400-7500 yuan/ton, mainly low-end ; The mainstream quotation in South China is 7900-8000 yuan/ton, and the mainstream transaction price is 7700-7800 yuan/ton, mainly low-end.

    The gap between buyers and sellers of bisphenol A external disks has widened.
According to market experts from the China Epoxy Resins Industry Association (www.
epoxy-e.
cn), negotiations on the external market for BPA are light, and major manufacturers in the near-ocean region maintain their offers at US$880-900/ton (CFR China Hong Kong), import merchants and downstream end users are mostly affected by the weakening of the internal market and the weakening of upstream raw materials.
The market outlook is still lacking in clarity, buying intentions are weak, and the intentional price and quotation continue to widen.
The current reference negotiation is 810-850 US dollars/ Tons (CFR China's main port), which fell slightly compared with the previous period, and the market is mostly on the sidelines.
Goods traders in Japan and South Korea made transactions at US$820/ton (CFR China’s main port), and were received by end users; there were brokers in the near-ocean area that offered an offer at US$860/ton (CFR China’s main port), and the transaction was at US$860/ton (CFR China’s main port).
US$830/ton (CFR China's main port); the firm offer of ocean-going cargo is limited, with Spanish cargo residing transactions, at US$850/ton (CFR China's main port), a tentative offer for ocean-going tax declaration goods by market intermediaries at the beginning of the week , At 880 US dollars/ton (CFR China's main port), there is no effective response; Russia’s latest offer intention, at 800 US dollars/ton DAF, substantive negotiations need to be further confirmed.
The European market’s February long-term agreement price has been set, which is still the same as the January contract price, at 890-1000 euros/ton (1,130 to 1270 US dollars/ton).
The local upstream benzene and phenol prices are stable, giving bisphenol A manufacturers a certain amount.
Confidence, but most are cautious about the complete recovery of the market.
Most industry players believe that Asian price growth means that the European market has bottomed out.
However, downstream demand in Europe is still sluggish, and both parties believe that buying growth is the key to recovery.

(Our reporter Lan Xin)

Do you want to browse the unsaturated resin market information? Click to enter www.
upr -e.
cn

Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name
English name: E-www.