Daily review of BPA: keep falling

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] October 23, 2008: The domestic bisphenol A market continues to adjust, and the decline will not stop, on the trading day (October 22) Japan) The mainstream transaction price in the East China region of the mainstream market further drops to 11500-11800 yuan/ton, the low-end is lowered by 500 yuan/ton/ the high-end is lowered by 200 yuan/ton.
Market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn) said that the market was “quiet” on that day, spot buyers were cold, and the number of inquiries was few.
The level of negotiation continued to decrease.
Recently, price adjustments are frequent and downstream To cope with fatigue, coupled with increasing pressure on finished product sales and increasing user suspension and production reductions; the global petrochemical products plummeted dragged down and the bisphenol A external disk market declined for half a month.
At present, the intention of cargo negotiations has gradually decreased to US$1,400/ton (CFR China The main port), bonded goods also have this level of negotiation, but there are still few transactions, which is really a bear market; second-hand merchants are gradually withdrawing from the market.
, Follow the market, although the pace is very slow, still only scattered orders, the spot market lacks mainstream characteristics; the current market continues to follow the downturn, the financial crisis intensifies, and the economic crisis spreads.
As the background of the accelerated decline of the entire petrochemical industry, the domino effect Incisively and vividly, since the National Day, the domestic bisphenol A industry chain has dropped by 2,900 yuan/ton for pure benzene, 2,000 yuan/ton for phenol, 1,550 yuan/ton for acetone, and 3,000 yuan/ton for bisphenol A, which has not yet been seen.
Until the decline has stopped and the trend has slowed down, downstream users and intermediaries have no intention to cover their positions, and the market outlook for bisphenol A is still bleak.

On the trading day (October 22), the domestic bisphenol A market continued to decline, restricted by weak downstream demand and difficulties in delivery volume.
As spot prices continued to fall and market merchants suffered intensified losses, some of them faced foreign exchange pressure or bearishness.
In the market outlook, "no longer in love", selling goods and evacuating, shipment intentions continue to decline with the market, the current quotation is approaching the transaction level, and actual shipments are also heard, the market transaction quotation appears vague; downstream manufacturers have more parking, shrinking demand, and weak Under the background, the bottom is unpredictable.
Many prefer to leave the market and wait and see.
The supply of goods in the market is slow and the merchants have few direct quotations.
The actual negotiation is a single negotiation and lacks mainstream.
The market sentiment of the raw material phenol ketone is sluggish, and Yanshan Petrochemical's phenol rebranded price is released.
, It was only RMB 10,400/ton, a drop of RMB 1,100/ton from the previous year.
Other manufacturers are gradually following up, indicating that the cost support of BPA has been cut again.
There is an unprecedented lack of favorable factors and the empty side has the absolute upper hand.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 11,800-12,000 yuan/ton, the price is reduced by 200 yuan/ton, and the mainstream transaction price is 11,500-11800 yuan/ton.
The low-end price will be reduced by 500 yuan/ton/ the high-end price will be reduced by 200 yuan/ton; the mainstream quotation in Huangshan area will be reduced by 12000-12200 yuan/ton, by 200 yuan/ton, the mainstream transaction price will be reduced by 11600-12000 yuan/ton, and the low-end by 400 yuan/ton/ The high-end price is reduced by 200 yuan/ton; the mainstream quotation in North China is 12000-12,300 yuan/ton, the lower is 200 yuan/ton, the mainstream transaction price is 11700-12000 yuan/ton, the low-end is lowered by 400 yuan/ton/ the high-end is lowered by 300 yuan/ton; South China The regional mainstream quotations are 12,300-12,500 yuan/ton, down by 200 yuan/ton, the mainstream transaction prices are 12,000-12,300 yuan/ton, the low-end price is reduced by 500 yuan/ton, the high-end price is down by 200 yuan/ton.

Domestic bisphenol A manufacturers have no other countermeasures, only limited sales, each factory has downstream supporting facilities, and the export scale is very limited.
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; Sinopec Mitsui's 120,000-ton/year plant is coming to an end, and it is planned to be put into operation from October to November.
Regarding the operation of near-ocean installations: South Korean LG's 240,000 tons/year phenol and 150,000 tons/year acetone installations have been reduced to 70% since the start of last weekend, mainly due to the weak downstream market demand, especially the weak demand in China; downstream supporting 26 The 10,000-ton/year bisphenol A plant has been started to maintain 70% since August, and there is also a simultaneous downward adjustment plan.
South Korea’s Kumho has 2 sets of 300,000 tons/year bisphenol A plants, and the start-up is maintained at 50-70%.
Affected by the sharp drop in international crude oil prices, upstream pure benzene and propylene hit a record low in the past few years.
Bisphenol A manufacturers generally feel that the prospects are bleak, and it is expected that the near-start load may still be compressed.
 
(Our reporter Xi Shu)

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