Daily Review of Bisphenol A: Subtle Atmosphere

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 6, 2008: The domestic bisphenol A market atmosphere is subtle and the market is deadlocked, and it is mainstream on the trading day (November 5) The mainstream transaction price in East China is maintained at 8,200-8300 yuan/ton.
According to analysis by market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was mainly consolidated within a narrow range on that day, and the basic market was stable.
The overall resource supply scale was average.
The downstream construction load increased slightly, but the market fell significantly.
, The raw material inventory further digested the small and medium-sized orders; although the atmosphere had changed at one time, but due to the decline of the upstream raw materials, the buyer's mentality fell again and resumed cautiously.
The market trading situation was average, and the market continued to be narrowed.
, The downstream appropriate inquiries and replenishment climax have not risen, and the second-hand middlemen are not enthusiastic; overall, the market is relatively stable, the downstream industry starts at a low level, and the demand for raw materials is limited.
The overall trading atmosphere is still weak, and market participants tend to wait and see.
In the context of the continued weakening of the raw material market, it is not easy for prices to actually improve.
The bisphenol A external disk market is still sluggish.
In the face of continued weak downstream demand, manufacturers’ production profits are becoming weaker, and the offshore operating rate has further reduced.
The current overall situation is only 50 to 60%; as the spot trend has eased, there is a slight focus on external disks.
Increase, but effective firm offer is scarce.
Some intermediaries offer US$950/ton (CFR China's main port).
In view of cost considerations and the buyer's intention, the price is still low.
The gap between the two parties is about US$100/ton.

    On the trading day (November 5), the domestic bisphenol A market atmosphere was general and stable, the spot resource concentration increased, the near-ocean supply was relatively small, the low-end ocean trading was mainly low-end, and the merchants were paying attention, and second-hand merchants Activity is limited, downstream on-demand inquiries are general, and the atmosphere is still subtle; the operating rate of external disks continues to decline, plummeting by US$400/ton to US$950-1050/ton last week.
After the plunge, it will ease, and the probability of further turbulence will decrease.
Especially in recent months, foreign trade talks have been weak, import replenishment is insufficient, and spot inventory resources have gradually been consumed.
However, the real economy has been declining, the petrochemical market has fallen hard, the fundamentals have not changed, and the market reversal is not easy; as the supply of goods is gradually digested and tends to be concentrated, However, the downstream operating load is low, and the internal and external markets are still severely inverted.
Especially the raw materials have not yet found the bottom, or even the stability of the market is still unknown.
The long-lasting market is still questioned; the current raw materials are all down, and the prices of pure benzene internal and external disks are comparable.
It has fallen to the psychological bottom line, the phenol market continues to fall, merchants have no short-term confidence, the acetone market is still falling, the market outlook is still bearish, and the cost of bisphenol A is not well supported.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 8200-8500 yuan/ton, the mainstream transaction price is 8200-8300 yuan/ton; the mainstream quotation in Huangshan region is 8500～ 8,800 yuan/ton, mainstream transaction price 8300-8500 yuan/ton; mainstream quotation in North China 8500-8800 yuan/ton, mainstream transaction price 8300-8600 yuan/ton; mainstream quotation in South China 8700-9000 yuan/ton, mainstream transaction price 8700～8800 yuan/ton.

    Domestic bisphenol A manufacturers continue to wait and see, most of them parked to avoid risks, and newly built devices have already started.
The overall characteristics continue to be: limited output, low inventory, few export sales, weaker impact, reduced production operations, few shipments, and limited production.
Mainly for sales and self-use, each plant has downstream supporting facilities, and the scale of external supply is very limited; the operation level of the equipment is lower, among which: Bayer Shanghai started to stop, Wuxi Resin started one stop and one stop, Zhongxin Chemical's load was average, and Sinopec Mitsui started its test run.
Succeeded.
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, most of which were self-supporting and limited export scale, 110,000 tons/year The phenol A plant will be shut down on October 30.
It is planned to end the year.
The load of the 100,000-ton/year polycarbonate plant will be low.
The second set of 100,000-ton/year polycarbonate plant will be mechanically completed in October; Wuxi resin will be closed and the preliminary quotation will be provided.
17500～18000 yuan/ton, the products are mainly for self-use, and the export quantity is not large.
The 16,000-ton/year bisphenol A unit may not be overhauled and restarted on April 17th.
The 25,000-ton/year bisphenol A unit is operating normally.
The 90,000 tons/year bisphenol A plant in Nantong is under construction, and it will be put into operation until the second quarter of 2009; Zhongxin Chemical has closed the disk, and the initial ex-factory price is 16,700 yuan/ton, and the 25,000 tons/year bisphenol A plant has a low operating load.
Provide supporting epoxy resin equipment (intermittent start-up, digestion of inventory); Sinopec Mitsui's 120,000 tons/year bisphenol A plant was completed, and the materials were officially put into use at the beginning of the month and the products were discharged at the end of the month.

(Our reporter Ruo Hua)

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