Daily review of BPA: Merchants keep prices stable

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on March 11, 2010: The domestic bisphenol A market is calm and the market remains stable.
On the last trading day (March 10), the mainstream transaction price in East China in the mainstream market was still in the range of 14,000 to 14,200 yuan/ton for the time being.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market atmosphere on that day was relatively flat, cost-supported, and most merchants were still very expensive.
Downstream and intermediate merchants tried to make inquiries and search for goods at low prices.
It is not easy, and some merchants are cautious and wait and see.
Related products continue to be weak and restrained, the raw material benzene atmosphere has rebounded, and the phenol ketone continues to weaken; the demand for downstream epoxy resins has recovered slowly, and the demand for bisphenol A has been suppressed, and the shocks have weakened.
The cost support is still there, but the overall weakness of raw materials has intensified, and the bisphenol A market mentality is slightly different, or it will continue to be narrow and weak.
The related product epichlorohydrin has been deeply adjusted, which has great impact on the downstream.
Bisphenol A continues to sell for an integer number of days, and the spot weakness continues.
Although the raw material pure benzene has recovered, the direct raw material phenol ketone is sluggish, and the external disk has also followed the trend.
External disk support is simple, demand and raw material challenges are dual.
International crude oil fluctuates at a high intraday, pure benzene fluctuates within a narrow range, and spot inquiries have increased.
There is still a certain price difference between buyers and sellers; the phenol spot market has fallen further, the negotiated price in East China is 11,750 yuan/ton, and the price difference between the factory and the market has widened.
Callback pressure; the acetone market is sluggish and transactions are not smooth, domestic manufacturers have adjusted downwards to compensate for the decline, the negotiated price in East China is 8,350 yuan/ton, and the short-term market is still not optimistic.

    On the last trading day (March 10), the domestic BPA market was trading sideways and still weakened.
Despite the external market and high costs, the market has returned to fundamentals, and related products are extremely unstable.
BPA may be affected by a narrow range and weak consolidation.
.
The downstream epoxy resins performed poorly, the wait-and-see atmosphere was strong, and a small amount of inquiries were down, and further attention was underway in the follow-up.
At present, the spot market is quiet and wait-and-see, Asian pure benzene rebounds, and the pressure of BPA from benzene is relieved; the related product epichlorohydrin has dropped a bit, and the demand in the downstream sector is recovering slowly.
The current overall mentality of BPA is acceptable, and it will continue to be narrow for the time being.
Amplitude fluctuation pattern.
Most of the regional markets closed flat with a strong wait-and-see atmosphere.
Last weekend, Sinopec Mitsui raised its quotation, and the impact of the spot price was not obvious.
Holders continued to hold their quotations.
There were mostly wait-and-see downstream, and demand was suppressed.
BPA purchases were not enthusiastic and actively sought.
Very few goods.
As the international crude oil fluctuates at a high level, the raw material pure benzene continues to rise in the external market, and domestic companies have adjusted downwards.
Importers have recovered from the external market and have higher quotations; the phenolic ketone spot continues to be weak and fluctuated.
The phenol import market is temporarily stalemate, and the acetone spot weakening impacts and imports down 15 USD/ton.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 14300-14500 yuan/ton, the mainstream transaction price is 14000-14200 yuan/ton; the mainstream quotation in Huangshan region is 14300～ 14600 yuan/ton, mainstream transaction price 14100-14300 yuan/ton; mainstream quotation in North China 14300-14600 yuan/ton, mainstream transaction price 14100-14300 yuan/ton; mainstream quotation in South China 14800-15000 yuan/ton, mainstream transaction price 14500～14700 yuan/ton.

    Domestic bisphenol A manufacturers maintained their quotations, limited support for the market, and the spot prices were stagnant at a high level, and most of them were on the sidelines.
Despite the transformation of the market sentiment and proactive advances in the early stage, the start of construction is still limited, and some of them continue to stop.
The overall main characteristics continue to be: catering to the market, increased operational efforts, equipment maintenance, some have been restarted, no longer pushing up, operating mentality is improving, load maintenance, capacity utilization is still low, offers are stable, and trading and shipments are flexible.
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 14,500 yuan/ton, mainly for downstream polycarbonate devices and a small amount of external sales.
The supply scale is still limited and the market The impact is relatively small.
The 100,000+110,000-ton/year bisphenol A plant has all started, with a load of about 30%, and the 100,000+100,000-ton/year polycarbonate plant is operating normally; Sinopec Mitsui’s ex-factory price is 14,800 yuan/ton, 120,000 tons/year The bisphenol A plant ran normally and started up at full capacity.
The products were mainly supplied to polycarbonate manufacturers, and the core contract users were mainly, and the delivery remained stable; the Wuxi resin was closed, the pre-factory price was 17500-18000 yuan/ton, and the products were used for their own use.
No export sales in the near future-the main supply of Xitong epoxy resin plant (overall production capacity is more than 100,000 tons/year), some outsourcing, 25,000 tons/year bisphenol A plant restarted on March 2nd, and has been discharged on the 8th, Nantong The 90,000-ton/year bisphenol A plant was put into operation on February 22, and if it goes smoothly, it is expected to be discharged in April; Zhongxin Chemical will be closed, the pre-factory price is 9500 yuan/ton, and the 25,000-ton/year bisphenol A plant is running smoothly.
Suicheng epoxy resin equipment (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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