Daily review of BPA: Weekend rebound

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 17, 2008: The domestic bisphenol A market sentiment changed slightly, and the market rebounded slightly.
The trading day (November 14) Japan) The mainstream transaction price in East China in the mainstream market has returned to 8000-8200 yuan/ton, with an increase of 200 yuan/ton.
The market experts of China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that the market stopped falling and stabilized and turned up again.
Distributors controlled the pace of shipments, and the level of negotiation returned to the 8,000 yuan/ton platform.
Spot resources The gradual reduction in consumption and the improvement of oversupply and demand are the main reasons for this reversal.
Market participants have been inertially bearish psychology.
With the stability of the external market and the strengthening of the internal market’s resilience, it has turned into a certain positive point, and the original sentiment has been diluted.
The low-price spot supply is difficult to find, and the mentality of reluctance to sell is getting stronger.
The "8000" resistance level is lost and recovered and has become a delicate critical state.
The external market discussion continues to be scarce.
As the domestic spot negotiation gradually stabilizes, the buyer's attitude has changed slightly after the long bear.
The pan heats up slightly.
However, the demand bottleneck is still not too optimistic.
Epoxy resin follows the trend of narrow consolidation, short-term shipments are not improved, inventory digestion is slow, and the decline of epichlorohydrin accelerates, completely offsetting the steady trend of bisphenol A.
How to deal with bisphenol A The market will exert its influence, and we still need to wait and see; on the other hand, the trend of raw materials is different, the supply of phenol is surplus, the demand is sluggish, and it is difficult to turn around.
The consumption of acetone resources and the increase in inquiries are rising rapidly (quotation rises to about 5,300 yuan/ton), the latter to a certain extent Make up for the former's shortcomings.

On the last trading day (November 14), the domestic bisphenol A market heated up at a low level, opened higher and went flat, and returned to the 8000 yuan/ton platform.
The resistance seems not to be weak.
Merchants wait and see, lack of active quotations, declining spot resources, and sluggish consumer demand have become a significant contradiction in the market.
The difficulty of finding goods at the downstream low-end has increased, and the focus of negotiations will soon rise; the downstream epoxy resin market continues to be sluggish and available Abundant resources, a sharp decline in the external market, a bearish atmosphere in the market outlook, weak spot negotiations, and weak raw material procurement; the lack of firm quotations on the external market, and the recent rebound in pure benzene in external markets.
It is not easy for near-ocean transactions to be under US$900/ton, and Sino-Ocean reports The market is missing and the intention of market inquiries has increased slightly.
With the gradual consumption and concentration of supply, market attention has increased.
The market outlook is initially warm, but there are still variables.
Sinopec Mitsui's device output at the end of the month will be the main focus in the second half of the month.
At present, the market is in a narrow range, merchants are no longer selling at low prices, and the market impact is significantly reduced.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 8200-8400 yuan/ton, the increase is 200 yuan/ton, the mainstream transaction price is 8000-8200 yuan/ton, An increase of 200 yuan/ton; mainstream quotations in Huangshan area are 8500-8700 yuan/ton, an increase of 200 yuan/ton, mainstream transaction prices are 8200-8400 yuan/ton, an increase of 200 yuan/ton; mainstream quotations in North China are 8500-8700 yuan/ton, Increase 200 yuan/ton, mainstream transaction price 8300-8500 yuan/ton, increase 200 yuan/ton; mainstream quotation in South China 8700-8900 yuan/ton, increase 200 yuan/ton, mainstream transaction price 8500-8700 yuan/ton, increase 200 yuan/ton.

    Domestic bisphenol A manufacturers still have little changes, some continue to be closed, and still wait and see.
Most of the production facilities are stopped, and newly built start-ups have been put into production.
Each plant has downstream supporting facilities and the scale of external supply is very limited.
The overall characteristics continue to be: output Limited, low inventory, mainly for self-use, few export sales, reduced production operation, wait-and-see as the top; equipment operating load level is still low, among which: Bayer Shanghai continues to stop, Wuxi resin starts and stops one, Zhongxin Chemical has a normal load, and Sinopec Mitsui is put into operation smoothly.
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 17,500~18,000 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 shut down and restarted on April 17, and the 25,000-ton/year bisphenol A unit is in operation.
Normally, a 90,000-ton/year bisphenol A plant in Nantong is under construction, and its commissioning is postponed to the second quarter of 2009; Zhongxin Chemical’s ex-factory price is 8,200 yuan/ton, and the 25,000-ton/year bisphenol A plant has a relatively low operating load.
Oxygen resin plant (intermittent start-up and inventory digestion); Sinopec Mitsui Mitsui's 120,000-ton/year bisphenol A plant was completed in late October.
It was officially put into use at the beginning of the month and scheduled to be discharged at the end of the month.
The products are mainly sold to polycarbonate users.

(Our reporter Xi Shu)

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