Daily review of BPA: Still tired at the beginning of the week

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 23, 2008: The domestic bisphenol A market was calm at the beginning of the week and the market was still sluggish.
The last trading day (December 22) ) The mainstream transaction price in the East China region of the mainstream market is operating in the range of 7,000 to 7,300 yuan/ton, and the low-end is lowered by 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market opened weak in the morning market on the same day.
The mainstream quotation can still maintain the range, and the actual negotiation still has a certain decline.
Recently, bad news is frequently released.
, The overall mentality is pessimistic, the center of gravity of the market continues to decline, and the downward trend is still going on.
Some downstream low-price inquiries and directions are still being explored.
The main operating characteristics are still: the continued downward trend and the negative effect, and the overall negotiating atmosphere is sluggish; demand is approaching the end of the year Further diminishment, the contradiction of oversupply is still prominent, and the pressure on the holders of the goods is still high.
With the smooth output of the new installations-Sinopec Mitsui's 120,000 tons/year installation was successfully put into operation and the products were qualified, although the factory stated that the release was clear-supporting supply Polycarbonate equipment, but the market still has doubts about its starting materials and even whether the products will be put into the spot.
Last weekend, the New York crude oil January futures fell below 33 US dollars in light trading, since February 10, 2004 The lowest closing price has greatly suppressed the market mentality, and the weakness of upstream raw materials will definitely intensify; however, the volume of BPA in November decreased to only 12,598.
56 tons, with an import value of 19.
113089 million US dollars and an average price of 1517.
08 US dollars per ton.
Last month, it decreased by 56.
36%, and the import volume from January to November was 390,514.
72 tons.

    On the last trading day (December 22), the domestic BPA market continued to weaken.
There were frequent rumors of low spot prices, more buyers wait and see, low purchasing interest, lack of effective negotiations, mainstream quotations deviated from 7,700 yuan/ton, and actual negotiations tended Nearly 7,000 yuan/ton, there are divergent attitudes in the weak market, and there is no shortage of lower prices; as the spot price continues to fall and the stockholders suffer serious losses, it is difficult for them to suffer from the lower cost.
A small amount of low-price negotiations are 7,100 yuan/ton, and some pre-sales The supply market is slightly lower; currently domestic manufacturers have parked a large area, and the spot circulation is mainly near the ocean and the ocean is limited.
The external market negotiation continues to be weak.
The regional offer is US$820-850/ton (CFR China's main port), and the buying intention is US$800.
/Ton (CFR China's main port), the upstream raw material pure benzene has risen instead of falling, and the market is paying more attention to the US dollar.
In view of the current weak economic environment, the volume and price of downstream epoxy resins are shrinking, and the market is seriously lacking and lacking confidence; Shanghai Sinopec Mitsui's 120,000-ton/year bisphenol A plant achieved output on December 16, and the production and sales status will be the main focus in the near future.
The market also pays attention to the mentality of merchants and sales, and the latest evolution of end-user purchase interest and external market conditions.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 7200-7400 yuan/ton, the mainstream transaction price is 7000-7300 yuan/ton, and the low-end price is reduced by 100 yuan/ Tons; mainstream quotations in Huangshan area are 7300-7500 yuan/ton, mainstream transaction prices are 7200-7300 yuan/ton, and low-end prices are reduced by 100 yuan/ton; mainstream quotations in North China are 7300-7500 yuan/ton, mainstream transaction prices are 7200-7400 yuan/ Tons; mainstream quotations in South China are 7700-7900 yuan/ton, down by 200 yuan/ton, mainstream transaction prices are 7500-7800 yuan/ton, and low-end prices are down 100 yuan/ton.

    The international crude oil market fluctuated and fell below the 30-dollar mark last week, and the overall petrochemical industry chain became weaker and harder to stop.
The same is true for the bisphenol A raw material market.
At present, the internal and external markets of phenolic ketones continue to fall, demand shrinks at the end of the year, and bearish sentiment breeds.
According to market experts from the China Epoxy Resin Industry Association (www.
epoxy-e.
cn), the bisphenol A external market in Asia further dropped by 20-30 US dollars/ton, and negotiated 770-800 US dollars/ton (CFR China Hong Kong), the strategy of regional producers will remain unchanged and the start-up load will continue to be controlled.
The mainstream offer is US$800-830/ton (CFR China's main port).
Buyers are worried about the volatility in the market outlook.
They will continue to wait and see.
Substantive trading discussions are limited.
Actual negotiations fell below US$800/ton (CFR China’s main port), and the calculated RMB price was 7200-7400 yuan/ton.
Some ocean-going negotiations had lower intentions, and later cost prices were lowered, which greatly increased the bearishness; currently foreign markets are mainly affected by The continued decline in the domestic market and the weak downstream consumer demand have led to a further decline.
The market for some offshore cargoes and negotiations in December reached 780-800 US dollars/ton (CFR China's main port), and many merchants made up for it in November.
"Deep set" and pain are still lingering, so I only make more enquiries and wait and see, and operate cautiously; ocean-going cargoes rarely have firm quotations, and near-ocean cargo sources have become the backbone of spot circulation, and the price difference with ocean-going cargoes has further narrowed.
The near-ocean installation load is still low.
The 100,000-ton/year installation of Nippon Steel in Fukuoka, Japan, will be shut down and overhauled for one month on October 26; the load of three installations of Mitsui Japan is under full control, and some of the sources are quoted at a price of US$850/ Tons (CFR China main port).

(Our reporter Ruo Hua) 

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