Daily review of BPA: the market is heating up

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] March 19, 2010: The domestic bisphenol A market is heating up and inquiries increase.
On the last trading day (March 18), the mainstream transaction price in East China in the mainstream market began to form a range of 14,000 to 14,200 yuan/ton, with an increase of 200 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market continued to heat up on the same day and rebounded upwards.
In the morning, the market warmed up and opened higher, and then proceeded steadily.
Some businesses speculated and the offer was raised to 14,200~ 14,500 yuan / ton, intermediate merchants and downstream terminals are active in inquiries, and the level of negotiation has risen, and it will follow, cost support, and some low selling prices are reluctant to sell.
We will further wait and see the market operation.
As the related products stopped falling and turbulence stabilized, the buyer's enquiry atmosphere improved.
In particular, the performance of intermediate merchants was relatively active, and the market paid close attention to the recovery of downstream demand.
Domestic crude oil prices continued to rise, and the bulk commodity market was booming across the board.
Pure benzene in Asia jumped to US$946/ton (FOB).
Although phenolic ketones have weakened, the overall environment has improved, and the bisphenol A external market has continued its high stalemate— —Asian equipment maintenance and some downstream demand support.
Mainstream holders are cautious in the market outlook and control the pace of shipments.
The market continues to pick up and pay attention to the situation of heavy volume.
In short, the spot market sentiment improved slightly, related products epichlorohydrin fluctuated and stopped falling, downstream and intermediate merchants' interest increased, the focus of negotiations rose slightly, the overall transaction volume was generally high, the external market was stalemate, imported supplies were not much, and the spot resources were gradually digested.
Mainly narrow-width finishing.

On the previous trading day (March 18), the domestic BPA market sentiment improved, international crude oil fluctuated at high levels, pure benzene internal and external markets rose significantly, spot bad news was slightly diluted, downstream inquiries increased, actual negotiations rose slightly, and costs depended on, The market is low; the U.
S.
dollar index has weakened, European and American crude oil futures have rebounded strongly, European and American sub-pure benzene closed in a narrow range across the board, the raw material phenol ketone is weak in phases, and the pattern is difficult to change; bisphenol A continues to move sideways and has some gains When the overall market mentality is acceptable, and the internal and external markets are clearly inverted, more downstream users and intermediaries, and intending to find goods at reasonable prices for replenishment of stocks, are subject to the dual constraints of demand and cost, and short-term fluctuations are unlikely to occur.
The upstream pure benzene external disk market is operating at a high level, the spot is supported by the external disk, and the atmosphere of the refinery inventory is low; the phenolic ketone spot market is further weak, and the contradiction between supply and demand is prominent in the short term.
According to market experts from China Epoxy-e.
cn, the mainstream quotation in East China is 14,200-14,400 yuan/ton, the increase is 200 yuan/ton, the mainstream transaction price is 14,000-14200 yuan/ton, Increase by 200 yuan/ton; mainstream quotations in Huangshan area are 14300-14500 yuan/ton, increase by 200 yuan/ton, mainstream transaction prices are 14100-14300 yuan/ton, low-end increase by 100 yuan/ton/high-end increase by 200 yuan/ton; North China Mainstream quotations are 14300-14500 yuan/ton, with an increase of 200 yuan/ton, mainstream transaction prices are 14100-14300 yuan/ton, low-end prices are raised 100 yuan/ton, high-end prices are raised 200 yuan/ton; mainstream quotations in South China are 14700-14900 yuan/ton , Raise 200 yuan/ton, mainstream transaction price 14500-14700 yuan/ton, raise 200 yuan/ton.

Domestic bisphenol A manufacturers have limited market support, their quotations have maintained, and the spot prices have risen again, and most of them are waiting to see.
The gap between the quotations and the actual transactions still exists.
Proactively attacked in the early stage, the current start-up is still low, some continued parking is yet to be tested, and the new equipment has not yet been released.
The overall main features continue to be shown as follows: catering to the market, increased operational efforts, no longer pushing up, normal operating mentality, maintenance of load, low capacity utilization, stable offers, and flexible trading and shipment.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer’s Shanghai ex-factory price was 14,500 yuan/ton, mainly for downstream polycarbonate devices and a small amount of external sales.
The supply scale is still limited and the market The impact is relatively small.
The 100,000+110,000-ton/year bisphenol A plant has all started, with a load of about 30%, and the 100,000+100,000-ton/year polycarbonate plant is operating normally; Sinopec Mitsui’s ex-factory price is 14,800 yuan/ton, 120,000 tons/year The bisphenol A plant ran normally and started up at full capacity.
The products were mainly supplied to polycarbonate manufacturers, and the core contract users were mainly, and the delivery remained stable; the Wuxi resin was closed, the pre-factory price was 17500-18000 yuan/ton, and the products were used for their own use.
There is no export sales in the near future-the main supply of Xitong epoxy resin plant (overall capacity exceeds 100,000 tons/year), some outsourcing, 25,000 tons/year bisphenol A plant is operating normally and the load is not high, Nantong 90,000 tons/year The bisphenol A plant was put into operation on February 22, and if it goes smoothly, it is expected to be discharged in April; Zhongxin Chemical will close the disk, the initial ex-factory price of 9,500 yuan/ton, the 25,000 tons/year bisphenol A plant runs smoothly, and the main supplier is Suicheng Epoxy Resin plant (overall production capacity is more than 50,000 tons/year), mainly for self-use, rarely for export.

(Our reporter Ruo Hua)

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