Daily review of BPA: limited fluctuations

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on April 8, 2010: The domestic bisphenol A market fluctuates and is slightly bullish.
On the trading day (April 07), the mainstream transaction price in East China in the mainstream market was 15400-15500 yuan/ton, and the low-end price increased by 100 yuan/ton.
Market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that the market continued to be bullish on that day, with a limited range, but the overall trading and shipments were not smooth, and the early-stage market rose faster and the downstream followed up all the way.
, As the high risk increases, it is cautious to chase the rise further.
Recently, oil prices have continued to rise, raw materials phenolic ketones/benzenes are strong, and foreign disk support, low import replenishment is small, merchants currently have no shipping pressure, easy to rise and hardly fall, low intentions are not large, and the market is more wait-and-see and increase the volume.
general.
Raw materials and external disks were jointly promoted.
Most of the market participants continued to be bullish, reluctant to sell and control the pace of shipments; the downstream epoxy resin market rose steadily, but the follow-up was relatively slow and the demand was poor.
Due to the promotion of dual raw material costs and the increase in quotations, Actual shipping prices are going higher.
However, the overall advantage is leading and the market still has some room to rise.
The external market has been rising for three consecutive weeks.
The current offer is over US$1,850/ton (CFR China’s main port), and the negotiated price is US$1,800/ton (CFR China’s main port).
Costs, downstream polycarbonate demand support, and equipment maintenance support, Still more optimistic in the short term.
In short, the spot price of bisphenol A has turned into a stalemate, and the external market is high, the raw materials are improving, and the downstream demand is confronted.

    On the trading day (April 07), the BPA market was at a high level and the merchants were bullish.
Most of them were optimistic, and the sentiment of reluctance to sell continued to rise.
The purchasing enthusiasm was not high, the trading volume was still weak, and the market still had some room for upside; related products The rise of epichlorohydrin, coupled with poor demand, will continue to rise under greater pressure in the market outlook, so it is still characterized by a narrow range.
The short-term bisphenol A seems unexpected-"higher, faster, more fierce", the adjustment of the "tone change" in the middle of last week, whether it indicates a turning point in the market-still needs further certification within the week.
At present, bisphenol A is still gaining the upper hand, and some merchants who hold goods have made profit to lighten their positions, and the market outlook is still optimistic.
The spot market is rising strongly, and the regional market supply and demand is well supported.
The external disk of bisphenol A continues to rise, and the short-term rise trend is obvious.
The risk of market high is also increasing.
Recently, oil prices have continued to rise, bulk commodities have fluctuated upward, and the raw material phenol has both pulled up in the external market.
, Support for maintenance of domestic equipment, acetone external disk steadily strengthened, high spot inventory gradually digested.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 15800-16000 yuan/ton, the low-end price is raised by 100 yuan/ton, and the mainstream transaction price is 15400-15500 yuan/ Ton, the low-end price is raised by 100 yuan/ton; the mainstream quotation in Huangshan area is 15900~16000 yuan/ton, the mainstream transaction price is 15300~15500 yuan/ton; the mainstream quotation in North China is 15900~16000 yuan/ton, the mainstream transaction price is 15500~15600 yuan/ Tons; mainstream quotations in southern China are 16300-16500 yuan/ton, low-end prices are raised by 100 yuan/ton, mainstream transaction prices are 15900-16000 yuan/ton, and low-end prices are raised by 100 yuan/ton.

    Domestic bisphenol A manufacturers’ quotations are high and some are raised again.
The spot price rises again and the manufacturers support.
The spot price is on the rise.
The mentality is good.
The supply is limited, which is helpful for the upward movement.
It continues to attack, and the start-up is still low.
Some installations have yet to be tested and new.
The Jin equipment has not yet been released; the overall main characteristics are still: catering to the market, increased operating intensity, wait-and-see push to increase, better operating mentality, maintenance of load, and low capacity utilization.
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 15,800 yuan/ton, with an increase of 300 yuan/ton, mainly for downstream polycarbonate devices and a small amount of external sales.
The supply scale is still limited and the market impact is relatively small.
The 100,000+110,000-ton/year bisphenol A plant is operating stably and starts up at full capacity.
The 100,000+100,000-ton/year polycarbonate plant is operating normally; Sinopec Mitsui’s ex-factory price is 15,500 yuan/year.
Tons, 120,000 tons/year of bisphenol A plant is operating normally and starts up at full capacity.
The products are mainly supplied to polycarbonate manufacturers.
Cumulative inventory and retail investors are temporarily not exported.
We will pay more attention to the trend of the spot market; Wuxi resin is closed, and the preliminary ex-factory price is 17500～ 18,000 yuan/ton, the product is for self-use, and there is no export sales in the near future-the main supply is for the Xitong epoxy resin plant (overall production capacity is more than 100,000 tons/year), and some outsourcing.
The load is not high.
Nantong’s 90,000-ton/year bisphenol A plant was put into use on February 22 and planned to be discharged in April; Zhongxin Chemical’s ex-factory price was 15,600 yuan/ton, and the 25,000-ton/year bisphenol A plant was operating smoothly and was the main supplier.
Cement epoxy resin plant (overall production capacity is more than 50,000 tons/year), mainly for self-use, rarely for export.

(Our reporter Wu Xi)

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