Daily Review of Bisphenol A: The market is going down

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] January 19, 2009: The domestic bisphenol A market is still weak, and the market is trending down.
The last trading day (January 16) The mainstream transaction price in East China, the mainstream market, began to move to the range of 6,900 to 7,000 yuan/ton, and was reduced by 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market showed a downward trend that day.
With the end of stocking at the end of the year, the market began to turn around, and more importantly, on the other hand: Spot resources continue to be replenished, and the mentality of market participants has generally declined; related products, cyclochlorine, have taken advantage of cost factors, and bucked the market, driven by tight demand, which has shifted the focus of downstream attention, which is also a factor that caused its diminishing; expected to be a temporary holiday after the holiday.
It is difficult to be clear, and the result of an irrational increase is not good-the merchants no longer have a mentality and "just go with the situation"-so as not to drive the downstream into a dead corner, which will also drag the market.
The current negotiation range is adjusted in a narrow range and the center of gravity tends to be low At the same time, the production capacity of manufacturers has increased sharply, Sinopec’s Mitsui plant restarted smoothly, Bayer’s Shanghai Phase II low-key start-up, and domestic supply has further increased, regardless of its operating load and product price.
To a large extent, it has had a certain impact on the spot market.
The former has a daily output of 200 tons and the latter has a daily output of 50%.
Together with the 25,000 tons/year installations of Wuxi Resin and Zhongxin Chemical, the overall production capacity reaches 370,000 tons/year.
—— Quietly large and daunting.
Currently, inventory is consumed and a small amount is exported.
Prices basically follow the market.

    On the last trading day (January 16), the domestic bisphenol A market slumped, continued to be weak, negotiated and traded insufficiently, quotation range fluctuated, actual transactions followed.

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Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name
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