Daily Review of BPA: Still under pressure

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on March 2, 2009: The domestic BPA market is flat and under pressure, last trading day (February 27) The mainstream transaction price in East China, the mainstream market, managed to maintain the range of 7,200-7,300 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), there was a strong wait-and-see atmosphere in the market that day, transactions remained light, and raw materials phenol and acetone both declined.
Driven by the mentality of “buy up, not buy down”, The downstream consumer industry is slow in receiving goods, and the market merchants are slightly pessimistic and pay close attention to market trends.
The market continues to operate in a weak state throughout the day, and the market fluctuations are limited; the recent market has risen weakly and has fallen slightly, trading merchants have profited and sold, and sentiment in shipments As the market continues to decline slightly, downstream resin manufacturers continue to receive goods at the previous low level and temporarily wait and see.
Therefore, market transactions remain light; the current basic raw materials-pure benzene, propylene, and direct phenol ketone market have fallen from rising to falling.
The raw material cost support energy is weakened.
At the same time, the downstream industry starts generally, and the terminal demand does not really improve.
The overall supply is no longer tight, and the buyer is cautiously receiving the goods on demand; the external quotation is still strong, but the importer and the downstream have generally little confidence in the market outlook.
, Mainly wait-and-see, market trading shows a slight stalemate.
In short, the current domestic bisphenol A market, various negative factors are emerging, the supporting force has been reduced, the market has been narrowed down, and continued to weaken slightly.
In the later stage, we will pay more attention to the January import data-I hope the import volume will not be too high.

On the last trading day (February 27), the domestic BPA market continued to consolidate slightly, with a strong wait-and-see atmosphere, fewer buyer enquiries, and limited overall transactions.
In the early stage, merchants had profit-taking, but the market resources were not sufficient.
Although the follow-up continued to make up for it, the factory's operating load was not high and the output was limited.
The raw material market has rapidly declined and cost support factors have weakened.
Among them, the phenol market has declined across the board, the transaction price in East China is 5,600 yuan/ton, the downstream wait-and-see has increased, the purchase has decreased, and the downward pressure on the market has increased; the acetone market has been weakened.
The transaction price in East China was 5200-5300 yuan/ton.
The downstream wait-and-see phenolic ketones both declined.
The epoxy resin and polycarbonate industries have a strong wait-and-see atmosphere, weak market buying momentum, and cautious attitudes towards raw materials.
In short, the current market continues to be weak and the downside space is limited, and the wait-and-see atmosphere is still strong , The performance of the negotiations continues to be weak, the downstream start load is average, the market outlook is not good, the terminal demand is sluggish and difficult to change, the basic raw material market is falling, and the short-term trend is still showing a slight softening.
According to market experts from China Epoxy-e.
cn, the mainstream quotation in East China is 7400-7500 yuan/ton, the mainstream transaction price is 7200-7300 yuan/ton, mainly low-end; Huangshan The mainstream quotation in the region is 7500-7600 yuan/ton, and the mainstream transaction price is 7400-7500 yuan/ton, mainly low-end; the mainstream quotation in North China is 7600-7700 yuan/ton, and the mainstream transaction price is 7400-7500 yuan/ton, mainly low-end ; The mainstream quotation in South China is 7900-8000 yuan/ton, and the mainstream transaction price is 7700-7800 yuan/ton, mainly low-end.

Domestic manufacturers have relatively high production capacity, and their discourse power is yet to rise.
The overall production load is low, and prices are fully closed.
They continue to reflect the heavy operating pressure.
There is still an oversupply behind which is difficult to fundamentally reverse in the short term.
The current operating strategy remains the same-the operation continues to be low-key, The quotation is still unknown, self-supporting mainly, a small amount of external supply, the overall production capacity is relatively high, and the actual load is relatively low; According to market experts from 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.
The products are mainly for self-use, and the overall load is less than 50%, 11+10 The load of the 10,000-ton/year bisphenol A plant is not high, and the overall load is less than 50%.
The first set of 100,000-ton/year polycarbonate device has a low load, and the second set of 100,000-ton/year polycarbonate device.
October 2008 Machinery Completion/Start-up in December; Sinopec Mitsui's 120,000 tons/year plant is operating normally, product inventory is small, and the main contract user is polycarbonate manufacturers; Wuxi resin is closed, and the initial quotation is 17,500~18,000 yuan/ton.
Supporting self-use, basically no export-the main supply of Xitong epoxy resin plant (overall production capacity is more than 100,000 tons/year), 16,000 tons/year bisphenol A plant will be shut down and restarted on April 17, no longer possible, 25,000 tons /Year bisphenol A plant is operating normally, catalyst replacement plan is scheduled for March, Nantong’s 90,000 tons/year bisphenol A plant is planned to be put into operation in the second quarter; Zhongxin Chemical’s pre-ex-factory price is 8,000 yuan/ton, 25,000 tons/year bisphenol Unit A is running at low load, mainly for Suicheng epoxy resin unit (overall production capacity is more than 50,000 tons/year), and not much export.

(Our reporter Ruo Hua)

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