Daily Review of BPA: Focus on the Top

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] March 22, 2010: The domestic bisphenol A market fluctuates within a narrow range and the center of gravity is rising.
On the last trading day (March 19), the mainstream transaction price in the mainstream market in East China continued to maintain the range of 14,000 to 14,200 yuan/ton, with high-end prices.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market fluctuated slightly on that day, stabilized and moved upwards, transactions were limited, market participants were slightly different, and a small number of sellers lacked confidence and most The mentality is high and there is still a moderate amount of replenishment operations.
The related product epichlorohydrin has eased slightly, and the downstream epoxy resin has little interest in receiving goods; the trading is scarce, the demand continues to be poor, and the short-term bisphenol A shocks are mainly upwards, which is smooth The upward momentum is insufficient, and industry insiders are cautious and wait and see.
On weekends, the market was tepid, and merchants’ quotations were wide.
The high-end part of the negotiation has reached 14,300 yuan/ton, the low-end is for near-foreign goods, and the high-end is for ocean-going goods.
Buyers actually receive poorly and there are not many transactions.
The characteristics of the transaction are flat, the downstream interest in receiving goods is general, waiting for the demand to rebound, the market is 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 purchases Interest in BPA.
However, the focus of the transaction has finally risen, which is worthy of recognition.
The sellers on the whole were reluctant to sell and the buyer's inquiry atmosphere was better.
However, as the transaction atmosphere was stable and slightly better, the quotations of trading merchants rose slightly, and the focus of negotiation prices shifted upwards.
Some buyers There is a certain purchase intention, and it can warm up next week.

    On the trading day (March 19), the domestic bisphenol A market was warming up and opening up and progressing steadily.
Some merchants were speculating, and those with high offers exceeded 14,500 yuan/ton.
Intermediary merchants and downstream terminals were active in inquiries, and the level of negotiation was rising.
Following this, cost support, some low selling prices are reluctant to sell, and further wait and see the market operation.
As related products stabilized and the inquiry atmosphere improved, intermediaries were relatively active and paid close attention to the recovery of downstream demand.
Domestic crude oil prices continued to rise, the bulk commodity market was booming across the board, and pure benzene in Asia jumped to US$946/ton (FOB).
Although phenol ketones have weakened, the overall environment has improved, and the bisphenol A external disk has continued its high stalemate.
Asian equipment maintenance and downstream demand support, mainstream holders are cautious in the market outlook, control the pace of shipments, continue the warming atmosphere, and pay attention to the increase in volume.
In short, the spot atmosphere has improved slightly, the fluctuation of related products has stopped, the buying interest has increased, and the focus of negotiation has increased slightly.
The overall transaction volume has been average, the external market has been stalemate, and the import supply is not much.
The spot resources are gradually digested and narrowed.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotations in East China are 14200-14400 yuan/ton, the mainstream transaction prices are 14000-14200 yuan/ton; the mainstream quotations in Huangshan region are 14300～ 14,500 yuan/ton, mainstream transaction price 14100-14300 yuan/ton; mainstream quotation in North China 14300-14500 yuan/ton, mainstream transaction price 14100-14300 yuan/ton; mainstream quotation in South China 14700-14900 yuan/ton, mainstream transaction price 14500～14700 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.
No export sales in the near future-the main supply of Xitong epoxy resin plant (overall production capacity is more than 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 operation on February 22, and if it goes smoothly, it is expected to be discharged in April; Zhongxin Chemical will close the disk, the initial ex-factory price of 9,500 yuan/ton, the 25,000 tons/year bisphenol A plant runs smoothly, and the main supplier is Suicheng Epoxy Resin plant (overall production capacity is more than 50,000 tons/year), mainly for self-use, rarely for export.

(Our reporter Lan Xin)

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