Daily review of bisphenol A: finishing high

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] August 12, 2010: The domestic bisphenol A market is finishing high and narrow fluctuations.
On the last trading day (August 11), the mainstream transaction price in the East China region of the mainstream market continued to maintain the range of 17,300-17500 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the spot market fluctuated within a narrow range on that day, and there were few active downstream searches and small order negotiations.
The actual mainstream negotiated prices were temporarily maintained, and related products were Oxychloropropane has repeatedly pushed up, the raw material phenol ketone market is slightly weak, the market cautiously wait and see, the downstream high levels are cautiously followed up, and the clear negotiation range is lacking.
The domestic bisphenol A market fluctuated slightly that day, and the plunge in A shares dragged down the commodity sentiment.
The recent surge in downstream digestion of related products and the lack of interest in purchasing, coupled with the decline of international crude oil, the high price of bisphenol A encountered challenges, short-term supply is not much , The main merchants stick to the cost support, pay attention to the rhythm of trading, and focus on plain ordering.
The surge in epichlorohydrin has led to the suppression of downstream operations, and the purchase of raw materials has a certain impact.
End users say that they face a slight decline in the high-end market and some businesses have a small focus.
However, the current spot resources are still insufficient, and the intermediate businesses rely on cost and actively support.
In the short-term, market participants believe that there is limited room for consolidation in the short-term.
Although the external market was weak in trading, there was no sign of loosening.
Pure benzene was affected by the weakening of downstream related products, and the price in East China was 6,700 yuan/ton; the price of phenol and acetone also weakened: the price of phenol in East China was 14600-14750 yuan/ton, part of the promotion was lowered; the acetone rushed higher and the spot was abundant and the mentality was cautious.
In short, the cost support of bisphenol A has been slightly reduced.

    On the last trading day (August 11), the bisphenol A market went flat and calm, with an offer of more than RMB 17,500/ton, and the negotiation was narrow.
The trading atmosphere was flat and there were few inquiries.
Some bonded goods were offered for US$2,000.
/Ton (CFR China's main port), lack of attractiveness.
The related product epichlorohydrin has been raised again, intensifying the downstream wait-and-see atmosphere, and the direct raw material phenol ketone market fluctuates at a high level; the supply of goods is slightly tight, and the merchants control the rhythm of shipments.
Ineffective and cautious orders, the bisphenol A market is slightly affected; however, it has mostly benefited from the lack of spot resources and the high external market.
The high market is temporarily maintained, and the center of gravity tends to the middle and low end.
The market has a strong wait-and-see atmosphere and few real transactions.
The upstream raw material pure benzene trading atmosphere is flat, the phenol market has pulled up outside and is still reaching a new high, the acetone market has been consolidated at a high level, and the transaction rhythm has been calm.
Epichlorohydrin has risen sharply day after day, and downstream is passive and cautious.
The pressure on small and medium-sized terminal manufacturers is gradually increasing, which has a certain impact.
Short-term supply is still tight and costs are high.
It is expected that the high level of bisphenol A will continue to fluctuate.
According to market experts from China Epoxy Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 17500-17600 yuan/ton, the mainstream transaction price is 17300-17500 yuan/ton; the mainstream quotation in Huangshan region is 17500～ 17,700 yuan/ton, mainstream transaction price 17400-17600 yuan/ton; mainstream quotation in North China 17400-17500 yuan/ton, mainstream transaction price 17400-17500 yuan/ton; mainstream quotation in South China 18,000-18100 yuan/ton, mainstream transaction price 17800～18000 yuan/ton.

    The bisphenol A external disk market is temporarily operating stably.
Since last week, the domestic market has stagnated and fluctuated, and foreign trading interest has diminished.
Some bonded or August cargoes are quoted at US$2,000/ton (CFR China's main port).
There is a lack of bidding intentions and few transactions have been heard.
The price of bisphenol A rose in a narrow range earlier, with the price of US$1920~1950/ton (CFR China's main port), and the low-end price rose by US$20/ton.
The market indicated that it was not easy to get goods at low-end prices; regional market offers were offered at US$1980-2000/ Ton (CFR China main port), 200 tons of cargo was sold to intermediate merchants in August, at a price of $1950/ton (CFR China main port), 4 orders of 1,200 tons of cargo or intermediate merchants changed hands, the price was 1990-2000 US dollars/ Tons (CFR China main port).
Related product epichlorohydrin has skyrocketed, the cost of downstream epoxy resins has soared, the demand for bisphenol A has diminished, and the follow-up polycarbonate area will focus on maintenance and the market outlook is cautious.
According to market experts from the China Epoxy Epoxy Industry Association (www.
epoxy-e.
cn), in short, as the spot trend slows down and the bisphenol A external disk is at a high stalemate, some cargoes and intermediary merchants have changed hands in US dollars from 1980 to 2000.
U.
S.
dollars/ton (CFR China main port), downstream and import merchants follow up cautiously, and some buying intentions are below 1950 US dollars/ton (CFR China main port).
It is also reported that the load of Japan’s Mitsui Chiba plant has decreased-the start of the 90,000-ton/year bisphenol A plant fell to 77% in August, mainly because the upstream phenol profit is better, and the load has been operating at 90% since the start of June; the phenol external board negotiation 1695 ~ 1820 US dollars / ton (CFR China main port), since late June, an increase of 340 US dollars / ton.

(Our reporter Shuzhi)

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