Daily Review of BPA: Reverse Upward

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on December 31, 2008: The domestic bisphenol A market is finishing within a narrow range, reversed upward, and on the trading day (December 30) ) The mainstream transaction price in East China in the mainstream market began to operate on the 7000 yuan/ton platform, and the low-end price was raised by 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was reluctant to sell by merchants on that day, and the focus of negotiations under the market was slightly increased.
However, the overall demand situation is not good, and the raw material market is weak and consolidating.
The trend of the external disk is still difficult to be optimistic.
The fundamentals of this stage of the market are not strong.
The downstream buyers mainly tentatively search for purchases.
Part of the inventory is temporarily digested or turned to the external disk.
The volume of transactions is still normal; the market in the external disk is not volatile, and the mainstream offers US$730-800/ton (CFR China's main port), some near-ocean bonded negotiations, at US$750/ton (CFR China's main port), and ocean-going Russian cargoes have low negotiating intentions, below US$680/ton (DMF Manzhouli) In the later stage, there is a lack of clear evidence, and the market is cautious and wait-and-see atmosphere; the upstream phenol and ketone market continues to fall, and the mainstream negotiation level in East China: phenol 4800-5000 yuan/ton, some are even lower and heard, acetone 4900-5000 yuan/ton, The center of gravity is at the middle and low end, and both have a decline of 50 yuan/ton; the downstream epoxy resin market continues to be narrow and the price drops slightly.
It is the last trading day of 2008.
The declining trend, bisphenol A is very bucking the market, and there is room for market volatility, and it is difficult to see a substantial strengthening.

On the trading day (December 30), the domestic bisphenol A market did not fluctuate much, mainly with a small upward trend.
The offer was slightly higher and the transaction formed a relatively narrow range.
The source of goods was mainly near the ocean, and the low-priced ocean was not much.
The middle merchants insisted Quotation and low-end shipment intentions are not strong; weak market consolidation tends to ease, end-market user demand is off-season, mostly sales fixed production, small-scale procurement, near the end of the year, downstream starts are reduced, and pessimism is permeated; international crude oil continues to fall-still Below US$40/barrel, the direct raw material phenol ketone is weak, its own external market is declining step by step, and it is more obscure; the current price market is temporarily stable, mainly because the ocean resources are gradually digested, the number of pure financing merchants is greatly reduced, and the main holding merchants Affected by the cost-900 USD/ton purchase cost, further cut meat promotion rejection; near the end of the year demand is shrinking, the market is not happy before the Spring Festival, the New Year holiday is approaching, the trading enthusiasts are gradually leaving the market, the effective negotiation time is greatly reduced, and the bad news continues to dominate In the market, it is expected that the market will be difficult to achieve, and the narrow-range consolidation is still the keynote.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 7100-7300 yuan/ton, the mainstream transaction price is 7000 yuan/ton, and the low-end price is raised by 100 yuan/ton; The mainstream quotation in Huangshan area is 7200-7400 yuan/ton, the mainstream transaction price is 7100 yuan/ton, and the low-end price is raised by 200 yuan/ton; the mainstream quotation in North China is 7200-7400 yuan/ton, the mainstream transaction price is 7100 yuan/ton, and the low-end price is raised by 200 Yuan/ton; mainstream quotations in South China are 7600-7800 yuan/ton, mainstream transaction prices are 7500 yuan/ton, and low-end prices are raised by 100 yuan/ton.

    Most domestic bisphenol A manufacturers have stopped and closed, and the level of supply is still low.
At present: Bayer Shanghai has restarted and the load is low, Wuxi resin is open and stopped, Huizhou Zhongxin’s load is not high, and the overall export volume is quite limited.
Sinopec Mitsui has stopped.
Rectification, plan to restart on the 10th of next month.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer Shanghai closed the disk, the pre-ex-factory price was 17,700 yuan/ton, mainly self-supporting, limited export scale, 110,000 tons/year double The phenol A plant was shut down on October 30, restarted at the end of December and operated at low load.
The first 100,000-ton/year polycarbonate plant has a low load, and the second 100,000-ton/year polycarbonate plant was mechanically completed in October; Wuxi resin is closed, the initial price is 17500~18000 yuan/ton.
The products are mainly for self-use and rarely sold externally.
The 16,000 tons/year bisphenol A plant will be shut down and restarted on April 17th.
It may not be large, 25,000 tons/year.
The phenol A plant is operating normally, the catalyst is planned to be replaced in January, and the Nantong 50,000-ton/year epoxy resin plant (commissioned successfully on December 3) and the 90,000-ton/year bisphenol A plant (commissioning postponed to the second quarter) are under construction; Zhongxin Chemical closed the disk, the pre-factory price was 8,000 yuan/ton, the 25,000-ton/year bisphenol A unit restarted in late December, the load was still low, and the upstream 200,000-ton/year phenol ketone unit started synchronously; Sinopec Mitsui 120,000 tons/year The bisphenol A plant was successfully put into production in mid-December 2008.
It was shut down on December 26 for rectification and restarted on January 10.
The product has been tested by users, and it is planned to be fully supplied to polycarbonate manufacturers.
There is no external sales plan.

(Our reporter Xue Shi) 

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