Daily review of bisphenol A: weak support

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on March 18, 2009: The domestic bisphenol A market is tidy and weak in support.
On the last trading day (March 17), the mainstream transaction price in the East China region of the mainstream market continued to maintain the range of 7,200-7,300 yuan/ton.
Although it is still mainly high-end, the support is still weak.
According to the analysis of market experts from the China Epoxy Industry Association ( www.
epoxy-e.
cn ), the market continued to be thin on that day, merchants were not strong in shipping intentions, and they were still waiting to see the later trend.
The negotiation price was deadlocked and the continued increase was obviously weak.
Downstream demand did not improve significantly, and the transaction was not good; the external market trend of bisphenol A was stable, and the buying intention was mostly US$800-850/ton (CFR China's main port).
The overall atmosphere was relatively mild, and the narrow consolidation operation continued.
The raw material phenol is generally traded in the market.
Domestic products lack price advantages and are difficult to ship.
Traders are less enthusiasm to pick up the goods.
The price in East China is mostly 5,300 yuan/ton; acetone spot resources are still low, although there are non-mainstream low-price shipments.
However, the quotations of mainstream merchants are stable, and the negotiated price in East China is 5200-5250 yuan/ton.
The pressure on the cost of downstream epoxy resins has increased, the price of the controlled raw material cyclochloride has risen, and some negotiations have moved up slightly.
The increase in end-user start-ups is still not obvious, and the wait-and-see atmosphere is relatively strong and transactions are limited.
In the continued narrow consolidation operation, the volatility space is limited and low-cost resources are hard to find.
Merchants wait and see, manufacturers are under-starting, and Sinopec's Mitsui plant continues to stop, 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.

    On the last trading day (March 17), the domestic BPA market continued to consolidate and focused on high-end products.
The overall trading volume was low and active offers were low.
Traders were reluctant to sell and wait and see the market trend.
The quotations were firmer and the center of gravity became higher.
, The market resources are slightly rich, the downstream products continue to be cautious, the market is slightly stable, and low-cost resources are hard to find; the bisphenol A external disk is still high, around US$800/ton (CFR China’s main port), and the cost is higher.
Importers As well as intermediary merchants, most of them are reluctant to sell and wait and see the market trend.
The overall market demand for downstream epoxy resin and polycarbonate has increased slowly, and terminal purchases are still mostly negative; the import volume of 20,000 tons in January is slightly higher, of which: 4,050 tons of imported materials are processed, accounting for 4,050 tons.
The total import volume is 19.
61%, and the small border trade volume is 1713.
75 tons, which is significantly shrinking compared with the previous import.
The general trade volume is more than 13,600 tons, and the average price is 765.
84 US dollars/ton.
The import volume is small and the overall average price is low.
Impact; however, the current foreign trade talks have slowed down.
Recently, although new goods have arrived one after another, the overall cost has increased significantly.
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.

    The quotation trend of domestic manufacturers is still-half of the offer, half of the offer, high-end can be at 7,600 yuan / ton, there is much resistance to this in the downstream; device operation adjustment-half of the start, half of the low negative, including Sinopec Mitsui, Zhongxin Chemical last weekend Parking; the overall characteristics are still: high production capacity, discourse power waiting to be improved, overall low load of installations, clear quotations, self-supporting mainly, and a small amount of external supply.
According to market experts from China Epoxy Resin Industry Association (www.
epoxy-e.
cn), on that day: Bayer Shanghai’s ex-factory price was 7500-7600 yuan/ton, and the products were mainly for self-use, 11+1 ton/year of bisphenol A plant load Not high, less than 50% overall, the first set of 100,000 tons/year polycarbonate plant has low load, and the second set of 100,000 tons/year polycarbonate plant was completed in October 2008/started in December; Sinopec Mitsui left the factory The price is 7,300~7400 yuan/ton, the 120,000 tons/year plant will be shut down last weekend, and the planned 3~5 days, the product is mainly supplied to the contract users-polycarbonate manufacturers; Wuxi resin is closed, the preliminary price is 17500~18,000 yuan/ Ton, the product is for self-use and basically no export-the main supply is for the Xitong epoxy resin plant (overall production capacity is more than 100,000 tons/year), and the 16,000 tons/year bisphenol A plant will be shut down and restarted on April 17th.
The 25,000-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 will be put into operation until June; Zhongxin Chemical will be closed, and the initial ex-factory price of 8,000 yuan/ton, 25,000 tons The bisphenol A plant was shut down last weekend and is scheduled to last until the end of the month.
The main product is Suicheng epoxy resin plant (overall production capacity is more than 50,000 tons/year), and there is not much export.

(Our reporter Feng Fei)

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