Daily Review of BPA: Maintained at the end of the month

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 1, 2008: The domestic bisphenol A market consolidated within a narrow range and maintained at the end of the month, on the trading day (November 28) The mainstream transaction price in East China, the mainstream market, continues to maintain the range of 8,000 to 8,200 yuan/ton, with a low center of gravity.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the market basically remained flat on the day, transaction prices were in the middle and low end, and some sporadic small orders were negotiated slightly higher.
Recently, the supply of imported goods has been continuously supplemented.
, But it still takes time for customs clearance and sales, the increase in available spot circulation resources is limited, the cost of the holders is supported, the mentality is acceptable, downstream users temporarily digest inventory, cautiously wait and see, purchase interest is not strong, the overall market transaction volume is average; upstream and downstream gradually enter Consolidation channel, the overall market fluctuation space is not large, but the market demand is still unsatisfactory, and the market outlook is still difficult to be optimistic.
At present, the mainstream market east China raw materials-the mainstream price of phenol is 5700-5800 yuan/ton, the mainstream price of acetone is 5100 yuan/ton; domestic double Phenol A manufacturers still have limited fluctuations, and most of them continue to shut down.
Most of the production facilities have stopped and newly built start-ups have been put into production.
Each plant has downstream supporting facilities, and the scale of external supply is very limited.
The raw material support is limited, the cost factor is weak, the downstream demand is weak, and the shipment is weak.
It is hard to see a good thing.
The market outlook is temporarily weak and most of them are reluctant to wait and see.
The operating load level of the installation is still low.
Among them, Bayer Shanghai continues to stop, Wuxi Resin has stopped and stopped, Zhongxin Chemical has a normal load, and Sinopec Mitsui has gone into production smoothly.
The pace of trading slowed towards the end of the month, and the spot market continued to stabilize.

    On the last trading day (November 28), the domestic bisphenol A market remained stable and the center of gravity remained low.
The main feature was still "finishing".
The opening operation was relatively quiet.
There were few downstream buyers inquiries, and some were gradually inclined to the low end.
Spot negotiations are mainly mid-to-low-end, and many are still temporarily consuming inventory.
Recently, more imported goods have a slight impact.
However, due to the cost of production and the support of external disks, the overall mentality is relatively calm and the market transaction volume is fair; the external disks this week Basically stabilized, upstream crude oil cruising at US$50-55/barrel, Asian benchmark price of pure benzene at US$300/ton, continues to stand the test, producers in the outer disk area continue to control the start of construction and stick to the price, the overall trading situation is normal, and the negotiation turns to cautious; downstream Oxygen resins continue to be reorganized.
Among them, solid resins stabilized, liquid resins digested inventory, and fluctuated.
In the short term, there is limited room for bisphenol A to fluctuate.
However, the overall trend is still weak.
Sinopec Mitsui's new plant is about to go into the market, which will be a major market.
Negative, not optimistic at that time.
According to market experts from China Epoxy-e.
cn, the mainstream quotation in East China is 8200-8400 yuan/ton, the mainstream transaction price is 8000-8200 yuan/ton, mainly low-end; Huangshan The mainstream quotation in the region is 8400-8600 yuan/ton, and the mainstream transaction price is 8200-8400 yuan/ton, mainly low-end; the mainstream quotation in North China is 8500-8700 yuan/ton, and the mainstream transaction price is 8300-8400 yuan/ton, mainly low-end ; The mainstream quotation in South China is 8700-8900 yuan/ton, and the mainstream transaction price is 8500-8700 yuan/ton, mainly low-end.

    In October, the internal and external disks of bisphenol A experienced a sharp decline, and it is generally expected that the fluctuation space will shrink thereafter.
In November, many downstream and intermediate businesses successively entered the market to purchase and replenish the supply of goods.
The near-ocean cargo source is from near-ocean Korea Kumho, mainly from LG and Taiwanese manufacturers.
The price ranges from US$870 to US$930/ton (CFR China main port), and the center of gravity is US$900/ton (CFR China main port); ocean-going cargo is due to shipping schedules.
Long and risky, but the negotiation is still relatively small, and the bonded goods are mainly traded at a price of 920-950 US dollars/ton (CFR China’s main port), of which 500 tons of goods in transit are negotiated and negotiated, which is slightly lower at 870 US dollars/ton ( CFR China main port).
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), international crude oil fell in late November and fluctuated at US$50-55 per barrel.
The basic market for pure benzene fluctuated and the Sinopec Mitsui plant was successfully commissioned.
The market re-examined the risks and opportunities in December, and foreign trade negotiations turned cautious.
In December, the quotations of ocean cargoes were raised to US$950/ton (CFR China's main port) or slightly higher, which is still unattractive to the spot market.
During the week, the intraday market consolidated within a narrow range, the upstream market weakened, and negotiations became more cautious.
Regional producers continued to control the start of construction.
Some near-ocean offers at US$950/ton (CFR China's main port) and ocean-going cargo offers were scarce.
The contract price in the European market in November fell by 380-445 Euros/ton from the previous month.
The weak demand from the downstream automobile and construction industries continued to restrict local market demand; the price of raw materials fell due to fluctuations in crude oil, and its impact on the price of BPA remains to be seen It is observed that the shipment offer in the first 12 months was between US$950 and US$970/ton (CFR China's main port), the shipping schedule was long, the price was weak, and there was little interest in negotiation.

(Our reporter Ruo Hua)

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