Daily Review of Bisphenol A: Difficult to Stop the Fall

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 22, 2008: The domestic bisphenol A market is difficult to stop falling, the market is overcast, the trading day (December 19) ) The mainstream transaction price in East China in the mainstream market will continue to operate at RMB 7,100-7,300/ton, with a reduction of RMB 100/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market operating atmosphere on that day was more dull, with frequent rumors of low spot prices, more buyers on the sidelines, low purchasing interest, and lack of effective negotiations.
The mainstream quotation deviated from 7,700 yuan/ton, and the actual negotiation approached 7,000 yuan/ton.
Under the weak market, the mentality was divergent, and lower prices were heard; as the spot price continued to fall and the stockholders suffered serious losses, it was difficult for them to suffer from lower production costs.
Low-price negotiation is 7,100 yuan/ton, and some pre-sale sources are slightly lower; currently, domestic manufacturers have parked a large area, and the spot circulation is mainly near-foreign goods, while ocean-going goods are limited.
The external market discussion continues to be weak, and regional market offers are 820-850 US dollars/ Ton (CFR China main port), the buying intention is mostly below US$800/ton (CFR China main port).
Recently, the upstream raw material pure benzene has not fallen but has risen, and the market has paid more attention to the bisphenol A dollar.
In view of the current weak economic environment The volume and price of downstream epoxy resins are shrinking, and the market is seriously lacking and lack of confidence; Shanghai Sinopec Mitsui's 120,000 tons/year bisphenol A plant achieved output on December 16, and its production and sales status will be the main focus in the near future.
In addition, the market also pays more attention to the latest developments in the mentality and sales of stock-holding merchants, end-user purchasing interests, and external market conditions.

On the last trading day (December 19), the domestic BPA market continued to be weak, the spot market continued to fall, and the stockholders were in an awkward position.
On the one hand, they were restrained by relative costs and further reduced.
On the other hand, funds became "dead" due to blocked shipments.
, The pressure of payment collection is becoming more and more serious; the actual transaction center of the market is getting lower, some month-end delivery of pre-sales is lower, and the spot market has limited ocean sources; downstream users are not buying in the market.
In view of the continuous decline in the market, some intermediate merchants are also leaving the market.
The overall wait-and-see situation has intensified, and the transaction volume is limited; the raw material phenol ketone is imported more, the merchants have accelerated the pace of shipments, and the price has gradually declined.
The East China phenol transaction is 5,300 yuan/ton.
Although the acetone is relatively calm, the demand is pessimistic; the bisphenol A market is narrow There is not much room for shocks and fluctuations.
Thousand yuan has fallen sharply in half a month, and many businesses have suffered losses, which are resistant to further decline.
However, the downstream demand is weak and the supply of goods is relatively sufficient.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 7200-7400 yuan/ton, the price is reduced by 200 yuan/ton, and the mainstream transaction price is 7100-7300 yuan/ton.
Decrease 100 yuan/ton; mainstream quotations in Huangshan area are 7300-7500 yuan/ton, lowered by 200 yuan/ton, mainstream transaction prices are 7200-7300 yuan/ton, lowered by 100 yuan/ton; mainstream quotations in North China are 7300-7500 yuan/ton, Lower 200 yuan/ton, mainstream transaction price 7200-7400 yuan/ton, lower 100 yuan/ton; mainstream quotation in South China 7700-7900 yuan/ton, lower 200 yuan/ton, mainstream transaction price 7600-7800 yuan/ton, lower 100 yuan/ton.

    Domestic bisphenol A manufacturers basically shut down and continue to seal their disks-after Bayer Shanghai and Wuxi Resin, Zhongxin Chemical has entered the ranks of parking-its upstream phenol ketone unit has been shut down simultaneously, and currently only one set of Wuxi resin has been maintained; at the same time, the new plant has been running smoothly ——Sinopec Mitsui’s newly-built plant has been successfully tested and produced a small amount of output.
The current operating load is relatively low, but the supply will increase in the future.
The follow-up 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 was shut down, and the upstream 200,000 tons/year phenol ketone plant was shut down simultaneously; Sinopec Mitsui's 120,000 tons/year bisphenol A plant was successfully put into operation, and products began to be produced on December 16.
There is much concern about this market and it has become the main focus in the near future-the original plan was to supply all polycarbonate manufacturers in China.

(Our reporter Meili)

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