Daily review of BPA: limited transactions

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] March 26, 2010: The domestic bisphenol A market has limited transactions and high levels.
On the last trading day (March 25), the mainstream transaction price in East China in the mainstream market continued to hover in the range of 14,500-14,700 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), there were not many actual negotiations and shipments in the market on that day, and the price level remained stable.
The cargo intention is not high.
The downstream digests the inventory mainly, and most of them make a small amount of replenishment on demand; the current bisphenol A external disk market is strong, and the regional market mainly produces and supplies merchants.
The offer is 1750-1800 US dollars/ton, and some buying intentions are 1680-1700 USD/ton (CFR China's main port), downstream demand and market supply and demand are favourable support, short-term cautious optimism, and a calm market mentality.
During the week, the internal and external markets rose, but there was not much discussion.
The raw material pure benzene market rose externally, and the spot market was relatively strong.
The holders offered 7500-7600 yuan/ton.
They were reluctant to sell and wait for the refinery to make price adjustments clear; phenol market offers It is strong, and some trading merchants are not willing to take the goods at low prices.
The reference price in East China is 11,900 to 12,000 yuan/ton.
Discussions on the bisphenol A market were flat during the week, and some of the holders of the goods were reassured, but they were still more optimistic about the market and less proactive quotations.
The downstream purchasing interest was average and the trading was average; the crude oil is currently fluctuating at a high level, and the pure benzene in Asia is narrow.
BPA continued to consolidate at a high level, and the domestic market has a strong intention to pull up.
Under the downstream buying mentality, the inquiry is active and the market is cautious.
The recent market continues to fluctuate within a narrow range.

    On the trading day (March 25), the domestic BPA market had a high level of luck.
Merchants were optimistic, and some of them were reluctant to sell their products.
The downstream wait and see were strong and the market was cautious.
Bayer Shanghai suspended quotations and continued to boost the atmosphere.
Price market conditions Further climb; stockholders are more optimistic about the market, with high inventory costs and low shipment intentions.
The downstream gradually enters the market to purchase on-demand and the atmosphere is flat, but the demand needs to be further picked up.
Related products, epichlorohydrin, stabilized and released, the raw material pure benzene short-term cover, the weakness of phenolic ketone, its own ocean-going cargo replenishment is less, the offshore high is entrenched, low-price replenishment is not easy, and it is cautious and optimistic.
At the same time, the commodity sentiment has improved: the crude oil market has remained strong at a high level, which has clearly boosted related products.
The energy and chemical futures spot prices have declined and then risen, and the atmosphere has improved.
The macro factors are complicated and the market risk fluctuates significantly.
Wait and see.
In short, the bottoming of bisphenol A is over, and the volume is increasing.
The external market is strong and low-price replenishment is not easy.
The overall mentality is cautiously optimistic.
It is expected that the high level will fluctuate, pay attention to the external market and downstream trends, and do not rule out the possibility of further price increases.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotations in East China are 14,700-14,900 yuan/ton, the mainstream transaction prices are 14,500-14,700 yuan/ton; the mainstream quotations in Huangshan area are 14,800～ 14900 yuan/ton, mainstream transaction price 14600-14800 yuan/ton; mainstream quotation in North China 14800-14900 yuan/ton, mainstream transaction price 14600-14800 yuan/ton; mainstream quotation in South China 15200-15400 yuan/ton, mainstream transaction price 15000～15200 yuan/ton.

    Most bisphenol A manufacturers stop reporting and support the market.
In view of the sharp increase in the spot price and the overall unclear price, the spot price has risen again, and there are many wait-and-sees.
The actual supply scale is limited, which will help the market to go up.
Although the curve is attacked and the start-up is still low, some The start-up equipment has yet to be tested, and the new equipment has not yet been released; the overall main characteristics continue to be: cater to the market, increase the operation intensity, wait and see to increase, good operation mentality, load maintenance, and production capacity utilization is still low.
According to a market expert from the China Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer Shanghai closed the disk, the initial ex-factory price was 14,500 yuan/ton, mainly for downstream polycarbonate devices, and a small amount of external sales.
The scale of supply It is still limited and the market impact is relatively small.
The bisphenol A unit of 100,000+110,000 tons/year is operating stably, the load is 30%, and the polycarbonate unit of 100,000+100,000 tons/year is operating normally; Sinopec Mitsui’s ex-factory price is 15,000 yuan/ton, upwardly adjusted 200 yuan/ton, 120,000 tons/year bisphenol A plant is operating normally and is fully operational.
The products are mainly supplied to polycarbonate manufacturers.
Cumulative inventory and retail investors are temporarily not exported.
Pay more attention to the trend of the spot market; Wuxi resin is closed, and the factory is out of the factory.
The quotation is 17,500~18,000 yuan/ton, the product is for self-use, and there is no export sales in the near future-the main supply is Xitong epoxy resin plant (overall production capacity is more than 100,000 tons/year), some outsourcing, 25,000 tons/year bisphenol A plant operation Generally, the load is not high.
Nantong's 90,000 tons/year bisphenol A plant was put into use on February 22, and the material was discharged in April; Zhongxin Chemical closed the disk, and the initial ex-factory price was 9,500 yuan/ton, 25,000 tons/year bisphenol A plant The operation is stable, the main supply of Suicheng epoxy resin plant (overall production capacity is more than 50,000 tons/year), mainly for self-use, and rarely for export.

(Our reporter Shuzhi)

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