Daily Review of Bisphenol A: Continue to Weary

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 18, 2008: The domestic bisphenol A market continues to fall and is still sluggish, the last trading day (December 17 ) The mainstream transaction price in East China in the mainstream market continued to decline to 7,200-7,400 yuan/ton, and the high-end price was reduced by 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Resin Industry Association (www.
epoxy-e.
cn), the market continued to be sluggish on that day, and the market remained unreliable.
Lower prices were still heard, and discussions tended to be 7000 yuan/ton, so bearish.
The atmosphere is strong and the volume of transactions is not easy.
Compared with the current demand and supply, there is still a surplus.
Although the merchant has no clear intention to offer, the overall willingness to ship is still strong, and the overall atmosphere is quietly changing.
As for major domestic manufacturers, the equipment has basically ceased operation.
After Bayer Shanghai and Wuxi Resin, Zhongxin Chemical has also stepped into the parking ranks, and only one set of Wuxi Resin equipment maintains operation; however, this is still favorable for air raids.
Sinopec Mitsui 12 The 10,000-ton/year bisphenol A plant has been put into trial operation and has a small amount of output.
The current operating load is low, but the supply will increase in the future.
The current weak downstream demand and the relative concentration of imports have completely overwhelmed the limited positive factors, coupled with weak external market support and serious lack of market confidence.
Regardless of Sinopec Mitsui’s operations, it is still the best policy for merchants to stabilize their positions at the moment.
Under the overall negative gloom, the bearish atmosphere is still pervading, and the downward consolidation will continue.

On the last trading day (December 17), the domestic BPA market continued to fall, the negotiated price gradually fell, and there is a possibility of 7,000 yuan/ton.
Low-end support is still lacking, and high-end quotations are difficult to match.
Recently, the arrival of imports is relatively concentrated and downstream Buyers are hesitant and cautious in purchasing, a small amount is readily available for use, the overall confidence is insufficient, the wait-and-see atmosphere is strong, and the trading situation is light; there is currently no "movement" in the external market, but the weakness remains unabated.
Manufacturers offer 830-860 US dollars/ton, South Korea gathers Reduced production and shutdown of carbonate units, increased pressure on bisphenol A inventory; lower prices in the internal market, frustrated mentality, reduced volume and price in the downstream market, and weaker "vitality", near the end of the year and the beginning of the year, capital is more tight, and merchants are facing liquidation , Lighten up and realize cash flow, and shipping pressure still exists.
Sinopec Mitsui’s commissioning of production troubles the market.
As the atmosphere weakens, there is still room for further exploration.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 7400-7600 yuan/ton, the mainstream transaction price is 7200-7400 yuan/ton, and the high-end price is reduced by 100 yuan/ton.
; The mainstream quotation in Huangshan area is 7500-7700 yuan/ton, the mainstream transaction price is 7300-7400 yuan/ton, and the high-end price is reduced by 100 yuan/ton; the mainstream quotation in North China is 7500-7700 yuan/ton, and the mainstream transaction price is 7300-7500 yuan/ton.
The low-end price is lowered by 100 yuan/ton; the mainstream quotation in South China is 7900-8100 yuan/ton, the mainstream transaction price is 7700-7900 yuan/ton, and the high-end price is lowered by 100 yuan/ton.

Domestic bisphenol A manufacturers stopped all lines and continued to seal their disks-after Bayer Shanghai and Wuxi Resin, Zhongxin Chemical entered the ranks of parking-its upstream phenol and ketone unit was shut down simultaneously.
Currently, only one set of Wuxi Resin unit maintains operation; at the same time The start-up of the new plant went smoothly-Sinopec Mitsui's successful test run and a small amount of output.
The current start-up load is low, but the supply will increase in the future.
Its subsequent commercial operation remains to be seen.
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 preliminary quotation is 17500~18000 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 (commissioning postponed to the second quarter); Zhongxin Chemical is closed, and the initial ex-factory price is 8,000 yuan /Ton, 25,000 tons/year bisphenol A plant shuts down, and the upstream 200,000 tons/year phenol ketone plant shuts down simultaneously; Sinopec Mitsui’s 120,000 tons/year bisphenol A plant was successfully put into operation.
At present, a small number of products have been launched.
A lot of attention has become the main focus in the near future-the original plan was to supply all polycarbonate manufacturers in China.

(Our reporter Xingchen)

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