Daily review of BPA: a slight drop

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 25, 2008: The domestic bisphenol A market has weakened and declined slightly, and the previous trading day (November 24) mainstream The mainstream transaction price in East China began to move downward to the range of 8,100 to 8,200 yuan/ton, and down 100 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the market was still waiting and watching in the morning.
Some downstream tentative inquiries and follow trends, dealers took the initiative to offer very few offers, and they paid attention to imports and exports in October.
In the external disk situation, the overall market trading is limited and temporary fluctuations are not obvious.
The demand for raw material phenol ketone is flat and weak.
Among them, the phenol market price is 5700-5800 yuan/ton, the actual negotiated price is slightly lower, and the space for inverting with the manufacturer is widened to more than 500 yuan/ton; the downstream demand for acetone is sluggish, and the downstream is subject to decline Volatility and the impact of import arrivals, the negotiated price is gradually lowered to 5200 yuan/ton, and the manufacturer's price is upside down by 200 yuan/ton; the external disk market of phenol and ketone has also declined.
In the fragile and downturn of the pure benzene market, the market is actively paying attention to it.
Impact on the downstream market trend of bisphenol A dollar.
Weak macro fundamentals: the negative impact of the world financial crisis continues to spread, and the real economy seems to be more severe.
China's huge domestic demand stimulus plan will boost confidence in the short-term, but it will take time to be practical.
Petrochemical products continue to slack in the “severe winter”; international oil prices are rising.
In the "40 USD" era, the bad news of BPA hit again last weekend.
Merchants are unilaterally priced and the supply of goods is relatively low.
It is difficult to form a strong countervailing force.
In the long-short game, the negative still has the upper hand, and the domestic market seems to be "bad luck.
" less".

    On the trading day (November 24), the domestic bisphenol A market opened weakly, and was impacted by the upstream downward movement-international crude oil and top pure benzene plummeted, the atmosphere of negotiation declined, the wait-and-see situation resumed, and the downstream waited temporarily Mainly, gradually digesting inventory, weakening trading atmosphere and lowering the focus of negotiation.
At present, spot resources are still limited.
The market pays more attention to the recent external disk and upstream raw material market trends; the previous push is only a small wave, and it is currently in a short-term The tide is falling, the spot is slowing down, and the intention to chase high is fading and turning to wait and see.
Supported by good production costs and resources, some merchants stick to the offer or close the price.
The resistance level of 8,200 yuan/ton is still continuous, and the merchants are actively paying attention to downstream trends; in short, the trend of BPA Slowing down, lower volume, and fewer market participants entering the market.
It is expected that the market will become clearer next week.
It is worth noting that the "foundation" is not solid and the number of downstream end-user purchases is limited.
According to market experts from the China Epoxy-e.
cn, the mainstream quotation in East China is 8200-8400 yuan/ton, the price is reduced by 100 yuan/ton, and the mainstream transaction price is 8100-8200 yuan/ton.
Lower 100 yuan/ton; mainstream quotations in Huangshan area are 8400-8600 yuan/ton, lowered by 100 yuan/ton, mainstream transaction prices are 8300-8400 yuan/ton, lowered by 100 yuan/ton; mainstream quotations in North China are 8500-8700 yuan/ton, Decrease 100 yuan/ton, mainstream transaction price 8300-8500 yuan/ton, low-end price reduction 200 yuan/ton/high-end price reduction 100 yuan/ton; mainstream quotation in South China 8700-8900 yuan/ton, lower 100 yuan/ton, mainstream transaction The price is 8600~8700 yuan/ton, down 100 yuan/ton.

    With the fluctuations in the international crude oil and raw material markets, the domestic and foreign markets for bisphenol A are more wait-and-see.
The market has heard that regional offers are mostly US$900-950/ton (CFR China's main port).
As the foreign markets have been traded and controlled by manufacturers in the past half month Suppliers’ quotations are still strong due to the start-up load; while downstream end users and importers, affected by the recent decline in raw material prices and the continued downturn in the domestic downstream market, the market outlook lacks clear judgment, especially since the middle of last week began to be cautious.
, Buying interest is mostly between 850-900 US dollars/ton (CFR China main port), and the highest is no more than 920 US dollars/ton (CFR China main port).
According to market experts from the China Epoxy Resin Industry Association (www.
epoxy-e.
cn), last week’s BPA import market was relatively active, and the price negotiation range was relatively concentrated at US$860-920/ton (CFR China’s main port).
), the shipping date in November, with a total volume of 4000-5000 tons, most of which are received by downstream end users; another part of the bonded warehouse ocean cargo transaction, the price is slightly higher at 950 US dollars / ton (CFR China main port), quantity Around 500 tons; after midweek, international crude oil plummeted and fell below the US$50/barrel mark, and Asian pure benzene also hit a record low in 7 years.
Downstream and importers became more cautious and generally began to pay attention to the later trend.
The downward pressure on the external market is increasing.
Although the discussions in the past two weeks have been more active, the short-term rebound of crude oil is hopeless, and pure benzene is spurred by a sharp downward trend.
The market outlook is certainly difficult to be optimistic.
The current price gap between bisphenol A and pure benzene is widening and achievable.
About 615 US dollars/ton; and after mid-November, the foreign trade transactions are mostly short-lived near-foreign cargoes.
The slight tightness of the spot market has eased, and the import momentum will tend to weaken.

(Our reporter Feng Fei)

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