Daily Review of BPA: Mindset is acceptable

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] May 5, 2010: The domestic bisphenol A market continues to consolidate and the mentality is acceptable.
On the last trading day (May 04), the mainstream transaction price in East China in the mainstream market temporarily stayed in the range of 16,500-16,600 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the market was mainly flat on that day.
Buyers and sellers had a strong wait-and-see atmosphere, and there were not many active offers.
Some downstream end users and second-hand merchants, Inquiry to explore the direction and actual discussions are limited, and the reference negotiation level is temporarily maintained; the market started to consolidate at a high level last week, and the current overall mentality is acceptable.
Recently, international crude oil rebounded strongly and WTI futures returned to US$86/barrel.
Pay attention to downstream demand and foreign markets.
, For related products, it is expected that the spot market of BPA is expected to fluctuate and the market will continue to be sorted out.
The downstream epoxy resin is in the traditional peak season and the export market is improving.
Although the raw materials have repeatedly risen, they have not yet fallen or weakened.
The current overall operating load is about 80%; but after all, the dual raw materials have risen sharply in April, and the performance of small and medium-sized downstream materials is slightly difficult.
The endurance of the market is facing a test.
At present, the supply of domestic resources is still, mainly Sinopec Mitsui and Bayer Shanghai.
In May, installations in Asia continued to be overhauled.
Demand for downstream polycarbonate and epoxy resins is good, and the possibility of downward fluctuations in the bisphenol A outer disk is limited; although phenolic ketones may weaken in May, and related products are strong, they may be suppressed, but Uncertain production of new equipment, Sinopec Mitsui's June maintenance, and the bisphenol A market with a high degree of import dependence, the turbulence pattern is still the main keynote of the operation.

    On the last trading day (May 04), the BPA market continued to fluctuate and the center of gravity was low, and some lower prices were also heard and need to be further confirmed; the BPA external market was adjusted at a high level, as the spot market fluctuated within a narrow range, and imports were bought.
The interest in the market has declined.
Refer to the negotiated price of US$1920~1950/ton (CFR China's main port), and the firm offer of Sino-Ocean is temporarily absent.
Although the international crude oil futures rebounded strongly, signs of weak direct raw material fluctuations were still evident, and the spot price of pure benzene declined negatively, and the phenolic ketone market was slightly weakened.
The downstream epoxy resin continued to maintain a high position.
Due to the rapid increase, although the merchants offer high prices, the downstream receiving goods were more difficult, and the actual transactions were also hovering at the low end.
The pace of trading in the bisphenol A market has slowed, coupled with a slight weakening of raw materials, and the strong strength of related products, epichlorohydrin, the market wait-and-see atmosphere has increased.
However, supported by external disks and subsequent costs, the price quotation continued to fluctuate within a narrow range.
At present, the market is stable at a high level, merchants have a relatively calm mentality, and the downstream active purchase interest is average, and transactions are flat.
According to market experts from China Epoxy-e.
cn, the mainstream quotation in East China is 16700-17000 yuan/ton, the mainstream transaction price is 16500-16600 yuan/ton, mainly low-end; Huangshan The mainstream quotation in the region is 16800~17000 yuan/ton, and the mainstream transaction price is 16600~16700 yuan/ton, mainly low-end; the mainstream quotation in North China is 16800~17000 yuan/ton, and the mainstream transaction price is 16600-16700 yuan/ton, mainly low-end ; The mainstream quotation in South China is 17200-17500 yuan/ton, and the mainstream transaction price is 17000-17100 yuan/ton, mainly low-end.

    Most domestic bisphenol A manufacturers have clear quotations and maintained their mentality.
Some devices have been unstable and new devices have not yet been released.
Recently, raw materials have been sorted out, the market focus is also fluctuating, cost factors can still be supported, and shipment intentions have increased.
The main characteristics of the overall operation are still manifested as follows: cater to the market, increased operational efforts, wait-and-see push to increase, better operational mentality, maintenance of load, and low capacity utilization.
According to market experts from China Epoxy Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer’s Shanghai ex-factory price was 17,000 yuan/ton, mainly for downstream polycarbonate equipment, and a small amount of external sales, 100,000 + 110,000 tons.
The bisphenol A plant is fully operational per year, and the load is 80%.
The 100,000+100,000 tons/year polycarbonate plant starts one stop and one stop; Sinopec Mitsui’s ex-factory price is 17,000 yuan/ton, and the 120,000 tons/year bisphenol A plant starts at full capacity.
May be overhauled in June, the products are mainly supplied to contract users, and the shipment situation remains stable; Wuxi resin is closed, the pre-ex-factory price is 17500~18000 yuan/ton, the product is for self-use, and there is no export in the near future-the main supply is for the Xitong epoxy resin device ( The overall production capacity is more than 100,000 tons/year), the 25,000 tons/year bisphenol A plant in Wuxi is operating normally and the load is normal, and the 90,000 tons/year bisphenol A plant in Nantong will be suspended and restarted in mid-May; Zhongxin Chemical’s early factory quotation 16,900 yuan/ton, an increase of 900 yuan/ton from before the closure.
The 25,000-ton/year bisphenol A plant is operating smoothly and may be shut down in early May for maintenance.
The upstream 200,000-ton/year phenol ketone plant is unexpectedly shut down at the beginning of the week.
Cement epoxy resin plant (overall production capacity is more than 50,000 tons/year), mainly for self-use, rarely for export.

(Our reporter Shuzhi)

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