Daily Review of Bisphenol A: Strong High

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on April 14, 2010: The domestic bisphenol A market is strong at a high level with limited fluctuations.
On the last trading day (April 13), the mainstream transaction price in East China in the mainstream market formed a range of 15,600-15,800 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was at a high level and the atmosphere was calm that day.
The confidence of some people was slightly suppressed, but the cost and external disk support were strong, and most of them were optimistic and reluctant to sell.
There are not a few.
The downstream purchasing enthusiasm is weakened, the inventory is mainly consumed, and the trading is normal.
The enthusiasm to enter the market has declined slightly.
The price of the raw material phenol ketone is further increased.
The impact on the spot of bisphenol A is not obvious for the time being.
The benzene market is firm, crude oil has corrected for 4 consecutive trading days, and the direction of epichlorohydrin is temporarily unclear.
The bisphenol A market lacks significant terminal demand support.
External disks rose further, and market selling intentions gradually rose to US$1850/ton (CFR China’s main port).
The mainstream trading range was US$1800-1850/ton, an increase of US$30-40/ton.
Low-priced goods are hard to find in the market.
In short, the spot price of bisphenol A has turned to volatility recently, but the rising trend of raw materials and external disks continues, and there is still support for the spot of bisphenol A.
Although there are high profit-taking by some businesses in the market, the current situation of the whole market is not what it used to be-the economic recovery continued in the second quarter-the volatility of commodities supported by inflation and high oil prices is improving.
With regard to follow-up costs and the current market supply and demand fundamental analysis, The above is not enough to cause too much impact on the spot market.
It is expected that the short-term high volatility and consolidation of the market will continue.

    On the trading day (April 13), the bisphenol A market was mainly promoted, the transaction was flat, the cost and external disk support, the holding merchants were reluctant to sell, the interest was general, and the trading atmosphere was deadlocked.
The market for related products, epichlorohydrin, has steadily climbed, which has restrained the advancement of the bisphenol A market to a certain extent.
There is still room for a slight increase in the market during the week, but it is still facing upward pressure and cannot be ignored.
Costs and external disks support the domestic BPA market.
It is not easy for traders to cover their positions.
Downstream factories purchase on demand, and transactions are average.
Crude oil closed down for two consecutive days over the weekend, suppressing market sentiment, the raw material market is firming, some installations are overhauled, good downstream polycarbonate demand, and reduced supply from Europe and the United States to China are the most important supporting factors for market prices.
In short, the high volatility pattern of the bisphenol A market continued this week, and there is no lack of a slight upward trend driven by costs.
However, due to the recent rapid rise of epichlorohydrin, it will have a slight impact on bisphenol A.
Pay close attention to the downstream market procurement and production and sales.
With the recent shift in the pattern of more volatility in the chemical product market, industry insiders are still cautiously optimistic, and the short-term high volatility continues.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 16,000-16,200 yuan/ton, the mainstream transaction price is 15,600-15,800 yuan/ton; the mainstream quotation in Huangshan is 16,100～ 16,200 yuan/ton, the mainstream transaction price is 15700-15800 yuan/ton; the mainstream quotation in North China is 16100-16200 yuan/ton, the mainstream transaction price is 15700-15800 yuan/ton; the mainstream quotation in South China is 16500-16700 yuan/ton, the mainstream transaction price 16100～16300 yuan/ton.

    Some domestic bisphenol A manufacturers have increased, some have followed up, the spot has been sorted, the manufacturers have supported, the spot has gone up, the mentality is good, the supply is limited, it will help to go up, continue to attack, the start-up is still low, and some devices have yet to be tested.
The new equipment has not yet been released; the overall main characteristics are still shown as follows: cater to the market, increase operating intensity, wait-and-see push ups, good operating mentality, maintenance of load, and low capacity utilization.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer’s Shanghai ex-factory price was 16,100 yuan/ton, an increase of 200 yuan/ton, mainly for downstream polycarbonate devices and a small amount of external sales.
The supply scale is still limited and the market impact is relatively small.
The 100,000+110,000 tons/year bisphenol A unit is operating stably, with a load of 30%, and the 100,000+100,000 tons/year polycarbonate unit is operating normally; Sinopec Mitsui’s ex-factory price is 15,800 yuan/ton , The 120,000 tons/year bisphenol A plant is operating normally and is running at full capacity.
The products are mainly supplied to polycarbonate manufacturers.
The accumulated inventory and retail investors will not be exported for the time being, and further attention will be paid to the spot market trend; Yuan/ton, the product is for self-use, no export sales in the near future-the main supply is for Xitong epoxy resin plant (overall production capacity is more than 100,000 tons/year), some outsourcing, 25,000 tons/year bisphenol A plant in Wuxi is operating at normal load Not high.
The 90,000-ton/year bisphenol A plant in Nantong continues to be in trial operation and plans to produce qualified products by the end of this month; Zhongxin Chemical’s ex-factory price is 16,000 yuan/ton, and the 25,000-ton/year bisphenol A plant is operating smoothly, the main supplier is Suicheng Epoxy resin equipment (overall production capacity is more than 50,000 tons/year), mainly for self-use, rarely for export.

(Our reporter Meili)

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