Daily Review of Bisphenol A: Going Under Inertia

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 11, 2008: The domestic bisphenol A market continues to adjust, with inertia going down, on the trading day (November) 10th) The mainstream transaction price in East China in the mainstream market can still be maintained at 8100-8200 yuan/ton, and reduced by 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), market enquiry prices were mainly on that day, and actual transactions were temporarily lacking.
The quotations were slightly higher and the transactions were tightly closed, resulting in a narrow spread between them.
The quotation of the near-ocean small order is slightly higher, and the downstream buying intention is still low.
The overall fluctuation at the beginning of the week is not large and remains to be seen.
The overall market performance is weak; the current social inventory is gradually depleted and the supply of goods tends to be concentrated.
I am afraid it is the only positive market in the near future.
, The upstream raw materials plummeted last weekend, and pure benzene and phenol ketones took turns to adjust the impact of thousands of yuan.
The market sentiment became weak and the market was waiting and watching.
As a result, the price market weakened and the volume of transactions decreased; the current inertial wait-and-see atmosphere will continue.
The enquiry atmosphere of the external market seems to be heating up, and we are concerned about whether it can support the spot, but the demand for downstream travel has shrunk sharply, and it is difficult to change significantly in the short term.
This is still the biggest resistance to the current market.
Therefore, the market continues to consolidate within a narrow range and the direction of fluctuations is downward; Domestic manufacturers continue to wait and see, and most of their installations continue to stop and start production.
Among them, Bayer Shanghai continues to stop, Wuxi Resin has stopped one, Zhongxin Chemical's load is average, and Sinopec Mitsui has successfully tested the overall characteristics.
The overall characteristics are still: limited production, Inventory is not high, export sales are very small, the impact is weaker, production is reduced, and shipments are very small, and sales are restricted and self-use is the priority.

    On the last trading day (November 10), the domestic BPA market was mainly weak, the atmosphere continued to be light, and the market volatility was limited.
Negotiations for offshore sources were slightly higher, and offshore sources were mainly low-end.
The downstream industries started to rise slightly, but the demand was still Insufficient, limited trading and slow shipments.
Given that raw materials continue to weaken and demand is not easy to recover, the industry continues to worry; the atmosphere was slightly active last Monday, but it quickly "recovered" in a stalemate, indicating that resources are still abundant and prices Upward weakness, the overall situation of the weak market is difficult to change, the bottom of the understanding is still unclear-at least not currently recognized, otherwise a wave of market should be realized, oversupply always weakens hidden dangers, and always affects the normal development of the market.
The impact of the global financial disaster is still ongoing.
On Thursday (November 6), a new round of interest rate cuts in Europe and international oil prices fell below 60 US dollars per barrel, indicating that the economic crisis is far from being curbed.
According to market experts from China Epoxy-e.
cn (www.
epoxy-e.
cn), the mainstream quotation in East China is 8200-8300 yuan/ton, the high-end price is reduced by 200 yuan/ton, and the mainstream transaction price is 8100-8200 yuan/ton.
, Lowered by 100 yuan/ton; the mainstream quotation in Huangshan area was 8500-8600 yuan/ton, the high-end price was lowered by 200 yuan/ton, the mainstream transaction price was 8200-8400 yuan/ton, and the price was lowered by 100 yuan/ton; the mainstream quotation in North China was 8500-8600 yuan/ Decrease 200 yuan/ton for ton and high-end, mainstream transaction price 8200-8500 yuan/ton, lower 100 yuan/ton; mainstream quotation in South China 8700-8800 yuan/ton, high-end lower 200 yuan/ton, mainstream transaction price 8700-8800 yuan /Ton, down 100 yuan/ton.

    The bisphenol A external disk market fell further.
According to market experts from China Epoxy Epoxy Industry Association (www.
epoxy-e.
cn), the Northeast Asian market is reduced by US$50-100/ton to US$900-950/ton (CFR China's main port), which is mainly subject to downstream demand.
Continued weakness; Taiwanese producers’ intentions for cargo sales in November are at US$950/ton (CFR China’s main port), while South Korea is subject to cost pressures and the quotation is still around US$1,000/ton (CFR China’s main port).
The intent is lower than this by US$100/ton.
Manufacturers in the near-ocean region generally reduced production.
Among them, the largest Asian manufacturer in Taiwan and South Asia has further reduced the load, the first set of 90,000 tons/year, the fourth set of 100,000 tons/year continue to shut down, the second set of 100,000 tons/year, the second set of 100,000 tons/year 3 sets of 100,000-ton/year installations have gradually reduced their operating load to about 60%, all due to slow downstream consumer demand.
The specific duration is temporarily unknown.
The intention of the cargo offer is about US$950/ton (CFR China main port).
; Taiwan’s Xinchang’s 80,000-ton/year installation is scheduled to be shut down in December for a one-month maintenance period.
Due to weak market demand, only 70% is currently under construction; Japan’s Mitsui Chiba’s 95,000-ton/year installation will be shut down for maintenance on October 15 By the end of November, the 65,000-ton/year facility in Osaka started to maintain full capacity, and the 55,000-tonne/year facility in Nagoya was shut down on August 25 and restarted at the end of October.
Due to weak downstream market demand, there will be further shutdown plans in January and February 2009.
Since late July, the external disk market has continued to decline, especially when it entered the high-altitude diving in October, where it fell by more than half and hit a five-year low.

(Our reporter Shu Huan)

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