Daily review of BPA: Stable still

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 21, 2008: The domestic bisphenol A market is stable and the market is still in the mainstream on the trading day (November 20) The mainstream transaction price in East China continues to operate in the range of 8,200-8300 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market opened on that day was relatively “quiet”.
The quotation continues to be strong, some are still around 8,500 yuan/ton, some are closed without reporting, and shipments are controlled.
The actual negotiation level is relatively high in the mid-end, and the overall market transaction is temporarily flat; market participants are still recalling the previous small increase-dealer's home Regardless of the increase in sales, second-hand merchants and downstream users actively entered the market.
Seeking support caused prices to rise slightly.
At that time, the trading atmosphere improved significantly, and the negotiation platform was pulled to over 8,200 yuan/ton, but it failed to continue on November 20; the current market focus Reflected in: whether end users, second-hand merchants, and interest in entering the market can continue to be maintained, whether the sales rhythm of mainstream merchants can be controlled, and the trading status of the external market and its price trend are also very important.
Also worthy of attention is the lack of support from good raw materials.
International crude oil has fallen for 4 consecutive trading days, hitting a record low in 22 months, and is currently only active at a slightly higher level of US$50/barrel; the basic pure benzene market has also weakened further.
, The direct raw material phenol ketone market is flat, with little support in terms of cost, and the weakening of the upstream environment will have an impact on market confidence.

On the last trading day (November 20), the domestic bisphenol A market was flat.
Judging from the recent foreign trading situation, there will be supplements at the end of November or early December.
At present, the foreign market is basically stable, and the mainstream offer is US$950/ton.
(CFR China main port), refer to the negotiation for 900 US dollars/ton (CFR China main port), 500 tons of bonded ocean cargo negotiated at the beginning of the week, at 950-960 US dollars/ton (CFR China main port); short-term mentality is somewhat different than before For the better, downstream inquiry interest increased, sporadic small order prices were slightly higher, spot market resources were limited, and the overall transaction situation was acceptable.
The state’s market rescue policy has been stimulating, and the chemical market sentiment has improved slightly.
Some raw materials have rebounded, driving market attitudes.
However, epoxy resin in the downstream market has entered the off-season, and the demand for off-season is weaker and the increase is limited.
At present, epoxy resin is finishing in a narrow range.
The overall price of raw materials has risen compared to the previous period, but due to the weak supply and demand situation, the overall market has not changed significantly.
The solid resin is "small and flexible" and the operation is relatively flexible.
The liquid resin market has limited changes.
According to market experts from China Epoxy Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 8300～8500 yuan/ton, the mainstream transaction price is 8200～8300 yuan/ton; the mainstream quotation in Huangshan area is 8500～ 8700 yuan/ton, mainstream transaction price 8400-8500 yuan/ton; mainstream quotation in North China 8600-8800 yuan/ton, mainstream transaction price 8500-8600 yuan/ton; mainstream quotation in South China 8800-9000 yuan/ton, mainstream transaction price 8700～8800 yuan/ton.

    Domestic bisphenol A manufacturers still have limited fluctuations, some of them continue to be closed, most of the production facilities have been shut down, newly built start-ups have been put into production, each plant has downstream supporting facilities, the scale of external supply is very limited, crude oil continues to weaken, raw material support is limited, and downstream demand is sluggish , Shipment is difficult to see positive results, the market outlook is still mostly bearish, and most of them are helpless; the operating load level of the installations is still low, among which: Bayer Shanghai continues to stop, Wuxi Resin has stopped one, and Zhongxin Chemical has a normal load.
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, most of which were self-supporting and limited export scale, 110,000 tons/year The phenol A plant was shut down on October 30.
It is planned to end the year.
The first 100,000-ton/year polycarbonate plant will have low load, and the second 100,000-ton/year polycarbonate plant will be mechanically completed in October; Wuxi resin will be closed.
, The preliminary quotation is 17,500~18,000 yuan/ton.
The products are mainly for self-use, and the export quantity is not large.
The 16,000-ton/year bisphenol A unit may not be shut down and restarted on April 17, and the 25,000-ton/year bisphenol A unit is in operation.
Normally, the 90,000-ton/year bisphenol A plant in Nantong is under construction, and its commissioning is postponed to the second quarter of 2009; Zhongxin Chemical’s ex-factory price is 8,500 yuan/ton, and the 25,000-ton/year bisphenol A plant has a relatively low operating load.
Oxygen resin plant (intermittent start-up and inventory digestion); Sinopec Mitsui Mitsui's 120,000-ton/year bisphenol A plant was completed in late October.
It was officially put into use at the beginning of the month and scheduled to be discharged at the end of the month.
The products are mainly sold to polycarbonate users.

(Our reporter Ye Hui)

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