Daily Review of BPA: Light Trading

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 15, 2009: The domestic bisphenol A market is weak and weak.
On the last trading day (July 14), the mainstream transaction price in East China in the mainstream market began to enter 9600-9700 yuan/ton, and was reduced by 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), market trading negotiations on the day were light, with the level of negotiations going down, and most of the low-end was ocean-going.
Due to the pressure of manufacturing costs, merchants were not willing to sell at low prices.
High, sluggish terminal demand and deadlock between buyers and sellers-a strong wait-and-see atmosphere is still the main feature.
Crude oil continued to fall at the close, continuously suppressing sentiment, supported by restricted travel demand in the bisphenol A market, coupled with divergent attitudes, market negotiations were at a stalemate, trading was sluggish, and the wait-and-see atmosphere was strong, still operating within a narrow range.
The external offer is firm, the market lacks substantial negotiations, and the wait-and-see is strong.
Sporadic negotiations have raised the price by 10-40 US dollars/ton to 1130-1200 US dollars/ton (CFR China's main port), mainly supported by pure benzene and propylene raw materials; at the same time, due to international Crude oil plummeted for 7 consecutive days, falling below US$60/barrel, and Asia's pure benzene was also falling back.
The price above US$1,150/ton was questioned.
The raw material phenol market is mainly narrowed down, and the trading situation in some areas is not good, so the focus of transactions has declined; the acetone market has a quiet atmosphere, affected by the firmness of the entrusted foreign market, and low-cost resources are difficult to find.
The negotiation level in East China is 5500-5600 yuan /Ton.
Crude oil has frequently fallen, confidence has been continuously suppressed, and the sluggish demand situation has hardly improved, and the wait-and-see atmosphere has increased.

    On the last trading day (July 14), the domestic BPA market sentiment was general and the market was soft.
The market continued to fluctuate within a narrow range, and it was difficult for transactions to receive high volume.
Be cautious in receiving goods.
The external quotations were firm and the import merchants were not motivated to enter the market.
The market as a whole was wait-and-see Strong mentality.
Although bisphenol A's internal and external markets bucked the trend and maintained its strength, the 20% decline in international crude oil in July has caused a lot of worries.
Can petrochemical products continue to be maintained and whether costs can become the follow-up support? Market participants are generally worried.
At present, the cost of the phenol ketone market is supported, and the spot price has stopped falling.
The external phenol rose sharply at the beginning of the month, and then quietly, and sporadic transactions were concluded; the external acetone steadily rose slightly, the traditional downstream demand was off-season, the domestic abundant inventory was suppressed, and the market buying intention was slightly lower.
The performance of the crude oil market was unsatisfactory, and the two major raw materials continued to struggle upwards.
In the later stage, the manufacturers tried to maintain profits or stop losses, and there were no shortage of production reduction plans.
Due to the recent eye-catching performance of the pure benzene market, the attention of the bisphenol A market has shifted to this point.
Whether the pure benzene external disk has been significantly adjusted and whether it is a drag on the bisphenol A market remains to be further observed, and the market outlook is not very optimistic.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 9800-9900 yuan/ton, the mainstream transaction price is 9600-9700 yuan/ton, down 100 yuan/ton; Huangshan The mainstream quotation in the region is 9900-10000 yuan/ton, the mainstream transaction price is 9700-9800 yuan/ton, down 100 yuan/ton; the mainstream quotation in North China is 9900-10000 yuan/ton, the mainstream transaction price is 9700-9800 yuan/ton, down 100 yuan /Ton; the mainstream quotation in South China is 10300-10400 yuan/ton, the mainstream transaction price is 10100-10200 yuan/ton, down 100 yuan/ton.

    The characteristics of domestic manufacturers are still: the offer level is maintained, the life load is stable, the export sales are still small, the impact is minimal, and the production equipment is also related to the temporary failure of Sinopec Mitsui; the number of external supply continues to be limited, the shipment is self-oriented, and the market situation Some adjustments have been made, and manufacturers mainly wait and see.
According to market experts from the China Epoxy Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer’s Shanghai ex-factory price was 9,600 yuan/ton, mainly for downstream polycarbonate production and a small amount of export.
It is expected that it will be able to supply products in the near future.
The 100,000+110,000 tons/year bisphenol A plant is operating at low load-the overall start-up level is about 30%.
The first set of 100,000 tons/year polycarbonate and the second set of 100,000 tons/year polycarbonate plants are still under maintenance; Sinopec Mitsui's ex-factory price was 10,000 yuan/ton, and 120,000 tons/year of bisphenol A unit restarted on the 27th and discharged last weekend.
Due to the failure of the unit itself, it was temporarily shut down again and is expected to resume at the weekend.
The products are supplied to polycarbonate manufacturers.
There is no source of supply yet, and it is expected to be supplied to outside in the middle of the year; Wuxi resin is closed, the initial price is 17500-18000 yuan/ton, the product is for self-use, and there is basically no export-the main supply of Xitong epoxy resin equipment (overall production capacity exceeds 100,000 tons/ 25,000 tons/year bisphenol A plant is operating normally, 16,000 tons/year bisphenol A plant will be shut down and restarted on April 17th, and Nantong’s 90,000 tons/year bisphenol A plant will be put into operation postponed to December ; Zhongxin’s ex-factory price is 9,500 yuan/ton, and the 25,000-ton/year bisphenol A plant is operating at full capacity.
The product is mainly supplied to the Suicheng epoxy resin plant (overall production capacity is more than 50,000 tons/year), and there is not much export.
(Our reporter Feng Fei)

Do you want to browse the unsaturated resin market information? Click to enter www.

Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name
English name: E-www.