Daily review of BPA: Continue to rebound

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] March 23, 2010: The domestic bisphenol A market continues to rebound and the market moves upward.
On the last trading day (March 22), the mainstream transaction prices in East China in the mainstream market began to enter the range of 14,300-14,400 yuan/ton, and the low-end increased by 300 yuan/ton and the high-end increased by 200 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), there was a strong wait-and-see atmosphere in the market on that day, with cost support and external prices rising, the market mentality was cautiously optimistic, and some merchants were reluctant to sell and wait and see; The market declined and then rose, and pure benzene rose by US$85/ton for two consecutive weeks.
With the widening of the European and American price gap, the market outlook is cautiously optimistic.
With the active buying of downstream and intermediate merchants, BPA is "recovering vitality", and the current mentality is mostly cautious.
Optimistic, with the recent high import prices and low volumes, the market is paying more attention to the latest trends in the external market.
With the gradual recovery of downstream demand and the support of high costs, the price of BPA is expected to rise easily but never fall.
International crude oil prices are running high, Asian pure benzene is performing a short-term carnival, BPA is strong in the external disk, the market mentality is greatly encouraged, buying interest increases, the intention price is higher than before, the low-price offers of the middle merchants in the spot market disappeared, and a small number of reports Plate 1750 US dollars / ton (CFR China main port).
In short, the bottoming of bisphenol A has ended and the volume of transactions has risen.
The current external market is strong and low prices are not easy to make up.
The overall market mentality is cautiously optimistic.
It is expected that the market will fluctuate at a high level and pay attention to the external market and downstream trends.
It does not rule out the possibility of further rising.

    On the last trading day (March 22), the domestic bisphenol A market fluctuated slightly, stabilizing and moving upward.
Most of the holding merchants had a high mentality and still had a moderate amount of action to cover positions.
The related product epichlorohydrin was slightly eased, and the downstream epoxy Interest in resin receiving increased; trading was scarce, demand continued to be poor, short-term bisphenol A fluctuated upward, and the momentum for a smooth rise was insufficient.
The market is tepid, and merchants offer a wide range.
The low-end is near-foreign products and the high-end is for ocean-going products.
Buyers actually receive poorly and there are not many transactions.
The main characteristics are flat transactions and downstream interest in receiving goods.
Generally, waiting for the demand to rebound, market transactions are still quiet; the downstream part is bearish on epichlorohydrin, although short-term stabilization, but market participants are divided, and some continue to be bearish, which affects the interest in purchasing BPA.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream price in East China is 14,500 yuan/ton, the low-end price is raised by 300 yuan/ton, the high-end price is raised by 100 yuan/ton, and the mainstream transaction price 14300-14400 yuan/ton, 300 yuan/ton for low-end/200 yuan/ton for high-end; mainstream quotation in Huangshan area 14500-14700 yuan/ton, 200 yuan/ton upward, mainstream transaction price 14300-14500 yuan/ton, upward 200 yuan/ton; mainstream quotation in North China is 14500-14700 yuan/ton, raised by 200 yuan/ton, mainstream transaction price is 14300-14500 yuan/ton, raised by 200 yuan/ton; mainstream quotation in South China is 15000 yuan/ton, lower-end raised 300 yuan/ton/high-end will be raised by 100 yuan/ton, mainstream transaction prices will be 14800-14900 yuan/ton, low-end will be raised by 300 yuan/ton/high-end will be raised by 200 yuan/ton.

    Bisphenol A manufacturers have limited support for the market, their quotations have maintained, and the spot prices have risen again, mostly on the sidelines.
The gap between the quotations and the actual transactions still exists.
Proactively attacked in the early stage, the current start-up is still low, some continued parking is yet to be tested, and the new equipment has not yet been released.
The overall main features continue to be shown as follows: Catering to the market, increasing operational efforts, no longer pushing up, general operating mentality, maintaining load, low capacity utilization, stable offers, and flexible trading and shipping.
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.
There is no export sales in the near future-the main supply of Xitong epoxy resin plant (overall capacity exceeds 100,000 tons/year), some outsourcing, 25,000 tons/year bisphenol A plant is operating normally and the load is not high, Nantong 90,000 tons/year The bisphenol A plant was put into use on February 22, and the material was discharged in April; Zhongxin Chemical closed the disk, the initial ex-factory price was 9,500 yuan/ton, and the 25,000 tons/year bisphenol A plant was running smoothly.
The main supply of the Suicheng epoxy resin plant ( The overall production capacity is more than 50,000 tons/year), mainly for self-use, and rarely for export.

(Our reporter Shu Huan)

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