Daily review of BPA: The market turns weak

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 5, 2008: The domestic bisphenol A market is still weak and the market turns weak, the last trading day (December 4) The mainstream transaction price in East China, the mainstream market, has reached 7700-7900 yuan/ton, down 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), due to the continuous decline in the market that day, the atmosphere has gradually changed in the flat.
Market merchants are worried about the market outlook and the intention to ship slightly increased.
The mainstream quotation The high is 8000 yuan/ton, and the actual low-end negotiation can be at 7700 yuan/ton.
The resistance level of 8000 yuan/ton has fallen.
Downstream users mainly digest inventory and occasionally low-price inquiries.
It seems that they are still exploring the market direction, subject to weak demand.
The overall shipment situation is generally weak.
At present, the domestic market is further weakened.
Buyers mostly stop and wait and have little interest in actual negotiations.
The cost of supplying external disks is slightly higher, and the offshore supply is mostly at 8,000 yuan/ton.
The recent depreciation of the renminbi is bad.
The operating deficit has further widened, and the chances of profitable survival are even less; the upstream raw material phenol ketone market is deadlocked, and the international crude oil market has multiple negatives-OPEC's production cut is unknown, and the weak demand is worried to continue.
Therefore, the low price hovered and weakened, and it was still 45 on that day.
The dollar/barrel front line casts another shadow on the petrochemical market in December; the downstream epoxy resin demand is weak, the raw materials are weak, and the price market is further weak.
Among them, the solid resin may slip to 10,000 yuan, and the liquid resin is also below 10,000 yuan.
Procurement support continues to be weak.

    On the previous trading day (December 4), the domestic BPA market sentiment was weak, the spot market was sluggish, and the mentality became weak.
The downstream maintained a wait-and-see mood and waited for the price to gradually become clear.
Some second-hand merchants also left the market, and the negotiation was as low as 7,700 yuan.
/Ton, the high-end quotation is difficult to meet, the resistance level of 8,000 yuan/ton has not been maintained, which is manifested as "the atmosphere has turned fatigued and the undercurrent is surging"; the market is weakly consolidating, with a slight decline, downstream purchasing intentions have fallen, and the daily decline of 100 yuan; imported goods sources Customs clearance and sales have continued, the demand is still flat, the market outlook is full of bearish atmosphere, the market surface is see-saw, in fact, undercurrents are surging; the international crude oil continues to be sluggish, the market is cautious about external disks, the current Jinyang inquiries are limited, and some intentions are US$900/ton (CFR China main Hong Kong), Sino-Ocean-Russian cargo negotiations and lower accounting costs have become potentially another big disadvantage.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 7900-8000 yuan/ton, the low-end price is reduced by 100 yuan/ton/ the high-end price is lowered by 200 yuan/ton, and the mainstream The transaction price is 7700~7900 yuan/ton, down 100 yuan/ton; the mainstream quotation in Huangshan area is 8100~8200 yuan/ton, the low-end price is lowered by 100 yuan/ton/the high-end price is lowered by 200 yuan/ton, and the mainstream transaction price is 7900-8100 yuan/ton.
, The low-end price is reduced by 100 yuan/ton; the mainstream quotation in North China is 8100-8300 yuan/ton, the price is lowered by 200 yuan/ton, the mainstream transaction price is 7900-8100 yuan/ton, the low-end price is lowered by 200 yuan/ton/ the high-end price is lowered by 100 yuan/ton ; Mainstream quotations in South China are 8400-8500 yuan/ton, low-end prices are lowered by 100 yuan/ton/high-end prices are lowered by 200 yuan/ton, mainstream transaction prices are 8200-8400 yuan/ton, and 100 yuan/ton.

    Most domestic bisphenol A manufacturers continue to close their disks, most of the production plants are stopped, the overall operating load is still low, and the start-up of new plants is relatively smooth-Sinopec Mitsui Plant is expected to be discharged in the near future, and all parties are paying close attention to the progress; The scale of supporting and external supply is very limited, raw material support is limited, cost factors are weak, downstream demand is weak, and shipments are difficult to see good results.
The market outlook is temporarily weak and most of them are moving.
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.
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 initial quotation is 17,500~18,000 yuan/ton.
The products are mainly for self-use and rarely sold externally.
The 16,000-ton/year bisphenol A plant may be shut down and restarted on April 17th.
The 25,000-ton/year bisphenol A plant is in operation.
Normally, the Nantong 50,000-ton/year bisphenol A plant is under construction (it was successfully put into operation on the 3rd of December), and the 90,000-ton/year bisphenol A plant (production postponed to the second quarter); Zhongxin Chemical’s ex-factory price is 8,000 yuan/ton, 2.
5 The operating load of the 10,000-ton/year bisphenol A plant is relatively low, and the main supply is the supporting epoxy resin device (intermittent start-up and inventory digestion); Sinopec Mitsui’s 120,000-ton/year bisphenol A plant was completed in late October and was officially put into operation in early November.
The material is expected to be released initially, and the products are mainly sold to polycarbonate users.

(The reporter of this site is closed)

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Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name