Daily review of BPA: Continue to fall

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] October 24, 2008: The domestic bisphenol A market continues to decline, and the mainstream market in East China on the trading day (October 23) The prevailing transaction prices in the region have once again dropped to RMB 11,200 to RMB 11,500 per ton, and lowered by RMB 300 per ton.
Market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that the market sentiment remained sluggish that day.
The upstream raw materials of pure benzene and phenol ketone fell sharply, and the concerns about low prices in the downstream further increased.
Intentional prices were generally higher.
Low, the transaction is gradually falling below 11,500 yuan/ton, and the negotiations are bleak and the volume is very small; after several consecutive days of sharp decline, the market has not seen a significant gap in breathing, the market has rarely improved, and the trading is sluggish.
Currently, merchants actively offer It is scarce, and more downstream buyers are determined; downstream epoxy resins are also ineffective, and production cuts or suspensions are still obvious.
There is a serious lack of market buying, the consumption of spot resources is stagnant, raw material purchase intentions are weak, and mutual support is further weakened.
The raw materials for tourism continued to be weakly consolidated.
Yanshan Petrochemical’s phenol dropped to 9,300 yuan/ton, down 1,100 yuan/ton from the beginning of the week, and a new wave of price cuts followed, and manufacturers continued to adjust downwards, and there was no downstream purchasing intention; the acetone market was negotiated at 6,900 ~7200 yuan/ton, high-end transactions are not easy, low-price transactions continue, the transaction is relatively weak, the downstream is still bearish, the market as a whole has no positive trend, and the buyer maintains a wait-and-see attitude.
At present, the market mentality is pessimistic and fragile.
The raw materials are declining so violently and will still have a greater impact.
The bearish atmosphere is still pervasive, and there are few high-volume transactions.

    On the last trading day (October 23), the domestic BPA market spot buyers were cold, and the number of inquiries was few.
The level of negotiation continued to decrease.
Recently, the price adjustment was frequent and the downstream was weak to cope with it.
In addition, the sales pressure of finished products increased, users stopped production and reduced production.
Constantly; the global petrochemical plunge dragged down the deep dive, the bisphenol A external disk fell for half a month, the intention of cargo negotiations was as low as $1,400/ton (CFR China's main port), and the bonded cargo was also at this level.
However, there are still few transactions, which is really a bear market.
Bottom: Second-hand merchants are gradually withdrawing from the market.
Major merchants are bearish on the market outlook and have no desire to fight.
The sellers rarely make external offers.
They can only meet with buyers and follow the market.
Although the pace is very slow, only scattered orders are the main ones, and the spot market lacks mainstream characteristics; The market continues to follow a downturn, the financial crisis has intensified, the economic crisis has spread, and the entire petrochemical industry has accelerated its decline.
The domino effect has been generated.
After the domestic bisphenol A industry chain, the decline has exceeded 3,000 yuan/ton.
According to the China Epoxy Resin Industry Association (www According to market experts from .
epoxy-e.
cn), among them: the mainstream quotation in East China is 11500~11700 yuan/ton, lowered by 300 yuan/ton, the mainstream transaction price is 11200~11500 yuan/ton, lowered by 300 yuan/ton; the mainstream in Huangshan area The quotation is 11,600~11,800 yuan/ton, 400 yuan/ton, the mainstream transaction price is 11300-11700 yuan/ton, 300 yuan/ton; the mainstream quotation in North China is 11,600-11,900 yuan/ton, 400 yuan/ton, the mainstream transaction price 11,400 to 11,700 yuan/ton, down 300 yuan/ton; mainstream quotations in South China are 12,000 to 12,200 yuan/ton, down 300 yuan/ton, and mainstream transaction prices are 11,700 to 12,000 yuan/ton, down 300 yuan/ton.

    Domestic bisphenol A manufacturers wait-and-see and restrict sales.
Each factory has downstream supporting facilities and the scale of external supply is very limited.
The overall characteristics continue to be: limited output, low inventory, few export sales, weaker impact, reduced production operations, and very few shipments , Sales restriction is high, self-use mainly, price is unknown, lack of offer; in terms of operating conditions of production equipment, the overall start-up is maintained at a very low level, Bayer Shanghai has a load of 50%, Wuxi Resin has started and stopped, and Zhongxin Chemical has a general load.
It is difficult to make obvious adjustments.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer Shanghai closed the disk, the pre-ex-factory price was 17,700 yuan/ton, most of which were self-supporting and limited export scale, 110,000 tons/year The load of the phenol A plant is relatively low, and the load of the 100,000-ton/year polycarbonate plant is relatively low.
The second set of 100,000-ton/year polycarbonate plant will be mechanically completed in October; Wuxi resin is sealed, and the initial price is 17500-18000 yuan/ton.
, The products are mainly for self-use, and the number of export sales is not large.
The 16,000-ton/year bisphenol A plant has been shut down for maintenance on April 17 and may not be restarted.
The 25,000-ton/year bisphenol A plant is operating normally and 90,000 are under construction in Nantong.
The ton/year bisphenol A plant will be put into operation until the first quarter of 2009; Zhongxin Chemical’s closure, the initial ex-factory price of 16,700 yuan/ton, the 25,000 ton/year bisphenol A plant has a low operating load, and the product is mainly supplied with supporting rings.
Oxygen resin plant (intermittent start-up, inventory digestion); Sinopec Mitsui's 120,000-ton/year plant is coming to an end.
It is planned to start-up from October to November.
It is still under commissioning and the raw materials have not yet been put into the tank.

(Our reporter Wu Xi)

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