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Since September, bisphenol A has entered a downward channel.
From tepid trading to weak demand, the market has declined in a narrow range to a sharp decline.
As can be seen from the figure below, the bisphenol A market has been falling for four consecutive weeks, and at the end of the month.
BPA is expected to continue to fall for a few days
.
Related products ECH skyrocketed, eroding bisphenol A fell to take back the cost space
Related products ECH skyrocketed, eroding bisphenol A fell to take back the cost spaceThe ECH skyrocketed in September.
Affected by the "double control", some installations were reduced in load and stopped, the overall operating rate of the market declined, and the shortage of supply was intensified.
The "double festival" was approaching, and the downstream still had stocking needs due to previous orders, and market quotations rose sharply.
, as the price rises to a high level, the downstream just needs to passively follow up.
According to the monitoring data of the business agency, the epichlorohydrin commodity index on September 24 was 143.
60, which was the same as yesterday, setting a record high in the cycle, compared with September 2016.
The lowest point on the 07th was 46.
85 points, up 206.
51%
.
Under the "double control", the operating rate of downstream epoxy resin has declined and demand has shrunk
Under the "double control", the operating rate of downstream epoxy resin has declined and demand has shrunkUnder the influence of "dual control", chemical enterprises are under pressure, and epichlorohydrin and epoxy resin factories are also forced to reduce negative production.
The reduction in operating rate will inevitably reduce the demand for raw materials, and the cost side will rise sharply.
Downstream The speed of follow-up is far less than the upward space of raw materials, profit margins are under pressure, factories have reduced their burdens, and they just need small orders.
A accelerates the decline
.
East China Zhejiang Petrochemical's auction fell for four consecutive weeks, guiding the bisphenol A market to continue to decline
East China Zhejiang Petrochemical's auction fell for four consecutive weeks, guiding the bisphenol A market to continue to declineEast China Zhe Petrochemical Co.
, Ltd.
bids every Wednesday (the official account of the business community for bisphenol A products announces the bid price every week), which has a greater impact on the bisphenol A market offer
.
At the end of the month, the cost fell, which accelerated the decline of the bisphenol A market
At the end of the month, the cost fell, which accelerated the decline of the bisphenol A marketIn the fourth week of September, the raw material phenol and acetone markets turned around and fell, and pure benzene moved in a wide range this week, the cost support weakened, and the Mid-Autumn Festival returned to the market.
The center of gravity has continued to fall, and domestic factories have concentrated on lowering the listing prices of phenol and acetone, and the support at the raw material end has fallen again.
Bisphenol A, as a dual raw material downstream product, is hard to escape
.
The operating rate of domestic bisphenol A plants is as follows:
To sum up, the bisphenol A market fell against the sharp rise in the chemical industry in September, and the current decline is difficult to stop
.
