Daily Review of BPA: Continued Downturn

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] February 26, 2009: The domestic bisphenol A market continues to be sluggish, the market is sluggish, and the mainstream on the trading day (February 25) Although the mainstream transaction prices in East China remain in the range of 7,200-7300 yuan/ton, the support is still insufficient.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market transactions on that day were relatively light, with a strong wait-and-see atmosphere, the focus of negotiations was still falling, the mentality of merchants was slightly unstable, and the upstream raw material phenol declined slightly.
, Acetone is weakly consolidating, the downstream epoxy resin waits and sees the market outlook, the raw materials are few, and the slight decline seems difficult to change; the current market is weak, mainly waiting and watching, inquiries are weak, transactions are limited, and the focus of negotiations is weak and slightly lower.
It is heard that manufacturers have low operating load, mainly for self-use or contract supply, and less export sales.
Trading merchants do not have much spot and wait and see the market trend in the later period.
The main characteristics of the market continue to be characterized by sluggish atmosphere, weak market conditions, scarce trading, and domestic manufacturers have not.
There are new moves.
Market merchants have been positive in shipments.
The downstream is cautiously waiting and seeing poor transactions.
In the face of basic raw materials-pure benzene and propylene-the overall decline, direct raw materials-phenol and acetone-began to weaken, especially It is that terminal demand is still sluggish-epoxy resin and polycarbonate are mostly wait-and-see, demand is still to be improved, and buying momentum is still weak.
The outlook of the industry is pessimistic, and the trend of short-term weakening is difficult to change.
The entire industry chain will be weak.
Expansion, specific expectations are yet to be observed and evaluated.

    On the trading day (February 25), the domestic bisphenol A market was still soft.
The wait-and-see atmosphere was strong, and discussions were still lackluster.
The transaction was less than 7,300 yuan/ton, which was slightly lower.
There are also hearsays.
Follow-up resources continue to be replenished and downstream products are obtained.
More cautious, as the market is declining day by day, the wait-and-see atmosphere continues to grow, but there are not many merchants in stock, and they are still reluctant to sell, the consumer industry is slow to start, and the purchase of raw materials is still more passive.
However, the focus of the low-end of the external market has moved upwards.
In the early stage, the manufacturers pushed up their quotations and the market offered 900 (CFR China's main port), and negotiated the low-end to increase by 20-30 US dollars/ton to 830-850 US dollars/ton (CFR China main port) , Crude oil fluctuated at a low level, pure benzene fell sharply, and the spot price weakened slightly.
Importers were more cautious in negotiating.
The raw material phenol ketone is firm in both the internal and external markets, and the controlled manufacturers have increased, and the external disk has increased: the phenol external disk is negotiated for 600-640 US dollars/ton (CFR China's main port), thousands of tons are reached in the middle and low-end, and the internal disk is negotiated at 5700 yuan/ton; the acetone external disk is negotiated.
Estimated at 570-630 US dollars/ton (CFR China's main port), a large number of transactions were negotiated in March, and the internal negotiation was 5150-5200 yuan/ton, which was supported by bisphenol A to some extent.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 7400-7500 yuan/ton, the mainstream transaction price is 7200-7300 yuan/ton; the mainstream quotation in Huangshan region is 7500～ 7,600 yuan/ton, mainstream transaction price 7400-7500 yuan/ton, mainly low-end; mainstream quotation in North China 7600-7700 yuan/ton, mainstream transaction price 7400-7500 yuan/ton; mainstream quotation in South China 7900-8000 yuan/ Tons, the mainstream transaction price is 7700-7800 yuan/ton.

    Domestic bisphenol A manufacturers are still the same-the operation continues to be low-key, the quotation is still unknown, self-supporting mainly, a small amount of external supply, the overall production capacity is higher, and the actual load is lower; although the production capacity is higher, the power of discourse needs to be increased, and production The overall low burden and the full closure of prices still reflect the heavy operating pressure, behind which is an oversupply, which is difficult to fundamentally reverse in the short term.
According to market experts from 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.
The products are mainly for self-use, and the overall load is less than 50%, 11+10 The load of the 10,000-ton/year bisphenol A plant is not high, and the overall load is less than 50%.
The first set of 100,000-ton/year polycarbonate device has a low load, and the second set of 100,000-ton/year polycarbonate device.
October 2008 Machinery Completion/Start-up in December; Sinopec Mitsui's 120,000-ton/year plant is operating normally, with flexible load, low product inventory, and the main contract user—polycarbonate manufacturers; Wuxi resin is closed, and 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 is planned.
In March, Nantong’s 90,000-ton/year bisphenol A plant is scheduled to be put into operation in the second quarter; Zhongxin Chemical is closed, and the initial ex-factory price is 8,000 yuan/ton, 25,000 tons/ The bisphenol A plant was operated at low load every year, and the main supply was the Suicheng epoxy resin plant (overall production capacity was over 50,000 tons/year), and there were not many export sales.

(Our reporter Liang Xi)

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