Daily review of BPA: still light

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on March 12, 2009: The domestic bisphenol A market has risen slightly, but is still light.
On the last trading day (March 11), the mainstream transaction price in East China in the mainstream market can be increased by 100 yuan/ton in the range of 7,200-7,300 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was mainly operating within a narrow range on that day, and the inquiries were relatively light.
The regional market was mostly adjusted slightly, and the downstream consumer demand was not smooth and the wait-and-see atmosphere Relatively strong, overall buying sentiment continues to be weak and narrowly consolidating.
Manufacturers continue to control the starting load and some of the planned short-term shutdowns; at present, one party’s enquiry is relatively light, and on the other hand low-cost resources are difficult to find, trading businesses still tend to wait and see.
The transaction continues to be limited, and the raw material phenol ketone is weakly consolidating.
The overall downstream industry has not changed much and the demand is not smooth; the wait-and-see atmosphere is strong all day, and the transaction is relatively flat-although the negotiated price has increased, low-priced resources are still hard to find.
From another point of view, it is also manifested in the wait-and-see market and the lack of substantial discussions.
The trend of phenol in the raw material market is temporarily stable, and the price is at 5,300 yuan/ton.
Gaoqiao Petrochemical’s parking effect is limited, and the market continues to run at a low level; acetone has not changed much, and the price is mostly 5100-5150 yuan/ton.
Due to the lack of supply, the overall transaction limited.
At present, domestic manufacturers control the start-up load, some offers are firm, downstream products are more cautious than before, end-user demand is not good, the atmosphere is still on the sidelines, the transaction is difficult to increase, the mentality of merchants is mostly unstable, and the market fluctuation space is limited.

On the last trading day (March 11), the domestic BPA market had weak transactions and slight price changes.
Manufacturers’ offers continued to be strong, and the focus of market discussions shifted upward.
However, the market was slow and the wait-and-see atmosphere was strong.
Slightly weak; current market performance is acceptable, and merchants’ quotations are also strong.
Some quotations can be slightly higher and overall downstream demand is average.
However, the market outlook is not strong for the time being; the market characteristics are still showing: the atmosphere is weak, the fatigue continues, and the buyers and sellers are not motivated.
High, merchants continue to be reluctant to sell and wait and see the market, with a general mentality.
The overall downstream industry-epoxy resin, polycarbonate-demand has not improved significantly; most manufacturers maintain, Sinopec Mitsui's raw material supply is slightly tight, and the planned shutdown is nearing 3~ For 4 days, in view of the market supply and demand situation, the follow-up will maintain a low-negative operation.
Despite OPEC’s strict decision to cut production, demand is expected to continue to fall, and international crude oil prices have not stopped.
The industry’s raw material market has little confidence, not many receiving goods, and mostly wait-and-see, terminal demand is still sluggish, and good momentum is insufficient.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 7,300-7,400 yuan/ton, the mainstream transaction price is 7,200-7300, and the increase is 100 yuan/ton; the mainstream in Huangshan The quotation is 7400-7500 yuan/ton, the mainstream transaction price is 7300-7400 yuan/ton, an increase of 100 yuan/ton; the mainstream quotation in North China is 7400-7500 yuan/ton, the mainstream transaction price is 7300-7400 yuan/ton, mainly high-end; South China The regional mainstream price is 7800-7900 yuan/ton, and the mainstream transaction price is 7700-7800 yuan/ton, which is increased by 100 yuan/ton.

Half of the domestic manufacturers' offer and half of the offers are closed, and the high-end can be at 7600 yuan/ton, but there are many resistances in the downstream; the basic characteristics of the overall operation are still: high production capacity, voice power to be improved, overall low load of equipment, and operation Continue to be low-key, no longer complete the closure, the quotation part is clear, self-supporting mainly, and a small amount of external supply.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), on the day: Bayer Shanghai’s ex-factory price was 7500-7600 yuan/ton.
The products are mainly for self-use, and the overall load is less than 50%, 11+1 ton/ton.
The annual load of the bisphenol A plant is not high, and the overall load is less than 50%.
The first set of 100,000 tons/year polycarbonate device has a low load, and the second set of 100,000 tons/year polycarbonate device is mechanically completed in October 2008/12 Monthly drive; Sinopec Mitsui’s ex-factory price is 7300~7400 yuan/ton, and the 120,000 tons/year plant is operating normally, the supply of raw materials is insufficient in the near future, and the planned short-term shutdown is planned.
The product is mainly supplied to contract users-polycarbonate manufacturers; Wuxi resin seals The initial quotation is 17,500~18,000 yuan/ton, and the products are for self-use, basically no export—the main supply is for Xitong epoxy resin plant (overall production capacity exceeds 100,000 tons/year), and 16,000 tons/year bisphenol A plant in April It is impossible to stop and restart on the 17th.
The 25,000-ton/year bisphenol A plant is operating normally, and the catalyst replacement plan is March.
The 90,000-ton/year bisphenol A plant in Nantong is planned to be put into operation in the second quarter; Zhongxin Chemical will close the market and the preliminary ex-factory price 8,000 yuan/ton, 25,000 tons/year bisphenol A unit is operating at low load, the main supply is Suicheng epoxy resin unit (overall production capacity is more than 50,000 tons/year), and there is not much export.

(Our reporter Zhong Huan)

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