Daily Review of BPA: Weak and Stable Weekend

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 10, 2008: The domestic bisphenol A market remains stable at the weekend, and the last trading day (November 7) The mainstream transaction price in East China in the mainstream market can still maintain the range of 8,200-8300 yuan/ton, but the low-end is dominated and the atmosphere weakened.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market performance on that day was basically stable, the atmosphere continued to be light, and the market volatility was limited.
Industry starts slightly increased, but demand is still insufficient, trading is limited, and shipments are slow.
In view of the continued weakening of raw materials and the difficulty in demand recovery, the industry continues to worry about the market outlook; the atmosphere was slightly active during the week, but it was soon in a stalemate.
"Recovery" indicates that resources are still abundant, prices are weak, and the overall situation of weak disks is difficult to change, and the bottom understanding is still unclear-at least not currently recognized, otherwise a wave of market should be realized.
Oversupply is always weak and hidden dangers.
Affect the normal development of the market.
The impact of the global financial disaster is still ongoing.
On Thursday (November 6), European countries launched a new round of interest rate cuts.
International oil prices fell below 60 US dollars per barrel, indicating that the economic crisis is far from being curbed; the domestic central economic meeting was held at the end of the month, and taxes and fees were reduced.
People's negative will be the main theme, and at the same time it is expected that interest rates may be cut twice, reflecting the pressure of the weakening of the macro economy.
Various negatives suppress the market mentality.
Bisphenol A is still under heavy pressure, raw materials continue to weaken, and demand is still sluggish.
The industry's market outlook remains worried, and there is no lack of the possibility of continued weakness.

On the trading day (November 7), the domestic bisphenol A market was mainly weak.
Due to the weak price upward, the wait-and-see atmosphere slightly increased again, the buying activity decreased, small and medium-sized merchants mostly took short positions, spot resources tended to be concentrated, and merchants Long-term losses and hope to stick to the price have made prices temporarily stabilized, but the downturn is far from getting rid of, and it is not easy to really turn for the better.
The price of raw materials continues to be sluggish.
Among them, the pure benzene Sinopec has reached 3,000 yuan/ton, the inventory pressure is high, and the transaction situation is flat; the transaction price of phenol is 6,800 yuan/ton, which is even lower, and the number of transactions is scarce; the transaction price of acetone is 5300～5400 Yuan/ton, the center of gravity continues to fall, and merchants follow the market to drop warehouses.
In terms of external disks, firm quotations are scarce.
Due to relatively high production costs, regional price cuts are difficult to sell.
As a whole, there are few transactions heard.
Import intentions are less than US$900/ton (CFR China's main port); prices are from 1930 to US$2000/ in late July.
Ton, dropped to 900-1000 US dollars/ton (CFR China main port), a decline of more than 51%, the largest in 5 years.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 8200-8500 yuan/ton, the mainstream transaction price is 8200-8300 yuan/ton; the mainstream quotation in Huangshan region is 8500～ 8,800 yuan/ton, mainstream transaction price 8300-8500 yuan/ton; mainstream quotation in North China 8500-8800 yuan/ton, mainstream transaction price 8300-8600 yuan/ton; mainstream quotation in South China 8700-9000 yuan/ton, mainstream transaction price 8700～8800 yuan/ton.

    Domestic bisphenol A manufacturers still mainly wait and see, and partially resume quotations.
Most of the production facilities have stopped, and newly built start-ups have been put into production.
The overall characteristics continue to be: limited output, low inventory, few export sales, weaker impact, reduced production, operation, and export.
There are very few goods, limited for sale and mainly for self-use.
Each plant has downstream supporting facilities, and the scale of external supply is very limited; the operation level of the equipment is very low, among which: Bayer Shanghai continues to stop, Wuxi resin starts and stops one, and Zhongxin Chemical has a general load , Sinopec Mitsui successfully commissioned.
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, most of which were self-supporting and limited export scale, 110,000 tons/year 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 preliminary quotation is 17500~18000 yuan/ton.
The products are mainly for self-use, and the export quantity is not large.
The 16,000-ton/year bisphenol A unit may not be overhauled and restarted on April 17, and the 25,000-ton/year bisphenol A unit may not be large.
The operation is normal, the Nantong 90,000 tons/year bisphenol A plant is under construction, and the commissioning is postponed to the second quarter of 2009; Zhongxin Chemical’s ex-factory price is 8,200 yuan/ton, down 7,500 yuan/ton, and 25,000 tons/year bisphenol A plant operating load Low, mainly for supporting epoxy resin equipment (intermittent start-up, digesting inventory); Sinopec Mitsui Mitsui's 120,000 tons/year bisphenol A plant was completed, and it was officially put into use at the beginning of the month and scheduled to be discharged at the end of the month.

(This station reporter Shuohua)

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