Daily Review of BPA: Wait and see consolidation

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] May 12, 2010: The domestic bisphenol A market is waiting to see consolidation and the market is weakening.
On the last trading day (May 11), the mainstream transaction price in the mainstream market in East China continued to form a range of 16,300-16,500 yuan/ton, and the low-end was reduced by 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was flat in the morning and the main market was flat on that day.
The downstream market was mostly cautious and watched, and there were few active inquiries.
The recent commodity market volatility was significant and the market participated at a high level.
Intermediaries are cautious, and the intention of profit-taking and shipments of intermediary businesses has increased.
The focus of consultations has continued to decline and the pace of negotiations has slowed; the current high stalemate in the external market of bisphenol A has spread, and the weakening of spot commodities has spread-weak consolidation, thin trading, and the EU nearly 10,000 on Monday With the introduction of the billion-dollar rescue plan, international crude oil futures have been boosted and rebounded sharply.
The market pays more attention to its further trend.
The main downstream epoxy resin users consume more inventory and the procurement rhythm is slow.
It is expected that the short-term narrow fluctuation market will continue.
The raw material pure benzene and phenol ketones continue to be weakened: the delivery of pure benzene in June is US$965/ton (FOB Korea).
The spot market is under pressure and low-priced goods frequently appear.
Refer to the negotiated price of 7600-7650 yuan/ton; Phenol and ketone spot prices are weakly consolidating, and the trading atmosphere is dull.
In East China, the negotiated price of phenol is 14,300-14,350 yuan/ton, and acetone is 8,300-8350 yuan/ton.
The recent sharp drop in oil prices and the deep consolidation of bulk commodities have had a significant impact on BPA and related products.
In addition, the entire industry chain has reached high levels and increased caution.
However, there is limited room for short-term adjustment due to the support of external disks and supply and demand factors.

On the trading day (May 11), the bisphenol A market opened flat and declined.
The mainstream offers in the market were corrected, actual shipments were synchronized, and some buying prices were slightly lower.
Recently, international oil prices fluctuated and bulk commodities were under pressure, downstream More wait-and-see, and general interest in entering the market; the current bisphenol A spot market is downcast, affected by the continuous plummet of international crude oil and the downward adjustment of bulk commodities, the market mentality is slightly differentiated, the merchants’ intention to ship goods has increased, and the transaction center is biased towards the low-to-medium level.
The buyer digested inventory and paid close attention to the spot, and the overall trading situation was still fair.
The downstream epoxy resin has been reorganized at a high level.
Recently, the market has risen frequently, downstream terminals are under pressure, and some are cautiously waiting and watching.
Most manufacturers mainly ship orders, and the actual high-end prices are limited.
The market sentiment is mainly wait-and-see, and the market is narrowed.
Last week, the energy plunged continuously, which directly affected some people in the market.
Currently, the number of shipments is increasing, and the downstream market follows the market.
With weak spot shocks and increased profit-taking in the market, the supply and demand of external disks are supported and continue to remain high.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 16600-16800 yuan/ton, the mainstream transaction price is 16300-16500 yuan/ton, and the low-end price is reduced by 100 yuan/ Tons; mainstream quotations in Huangshan area are 16700-16900 yuan/ton, mainstream transaction prices are 16400-16500 yuan/ton, down 100 yuan/ton; mainstream quotations in North China are 16500-16900 yuan/ton, mainstream transaction prices are 16400-16600 yuan/ton, The low-end price is reduced by 100 yuan/ton; the mainstream quotation in southern China is 17,100-17,300 yuan/ton, the mainstream transaction price is 16,800-17,000 yuan/ton, and the low-end price is reduced by 100 yuan/ton.

    Domestic bisphenol A manufacturers have clear quotations and maintained their mentality.
The operation of existing devices has stabilized, and new devices have not yet been released.
Recently, raw materials have been sorted out, the market focus has not yet fluctuated, cost factors can still be supported, and shipment intentions have increased.
The main characteristics of the overall operation are as follows: wait and see the market, increase operational efforts, inability to push the market, stabilize the market, maintain load, and still low capacity utilization.
According to market experts from China Epoxy Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer’s Shanghai ex-factory price was 17,000 yuan/ton, mainly for the configuration and supply of downstream polycarbonate devices, and a small amount of external sales, 10 + 110,000 The ton/year bisphenol A plant is operating normally and the load is 80%, and the 100,000+100,000 tons/year polycarbonate plant is operating normally; Sinopec Mitsui’s ex-factory price is 17,000 yuan/ton, and the 120,000 tons/year bisphenol A plant is operating at full load, 6 Monthly maintenance plan, mainly supplied to contract users, and shipment conditions remain stable; Wuxi resin is sealed, the pre-ex-factory quotation is 17,500-18,000 yuan/ton, the product is for self-use, and there is no export in the near future-supporting the main supply of Xitong epoxy resin device (overall The production capacity exceeds 100,000 tons/year), the 25,000 tons/year bisphenol A plant in Wuxi is operating normally and the load is average, and the 90,000 tons/year bisphenol A plant in Nantong continues to be debugged, and there is no output news; Zhongxin Chemical has once again closed the disk, the early stage The ex-factory price is 16,900 yuan/ton, the 25,000-ton/year bisphenol A unit is operating smoothly, and may be shut down for maintenance in early May.
The upstream 200,000-ton/year phenol ketone unit is unexpectedly shut down at the beginning of the week.
The main supply is the Suicheng epoxy resin unit (overall production More than 50,000 tons/year), mainly for self-use, limited export.

(This station reporter Shuohua)

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