Daily Review of BPA: Good opening

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] October 11, 2010: The domestic bisphenol A market opened well and continued to rise.
On the last trading day (October 09), the mainstream transaction price in the mainstream market in East China continued to maintain the range of 20,700-21,000 yuan/ton, and the low-end increased by 300 yuan/ton and the high-end increased by 500 yuan/ton.
The market experts of China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that the spot market continued to run at a high level on that day, and the supply of goods was still in short supply.
The offer was around 21,000 yuan/ton, and negotiations followed closely, but the actual transaction was limited.
, The merchants are still reluctant to sell and wait and see.
The prices of downstream epoxy resins are rising, but the demand for raw materials is still relatively cautious.
Next week, some offshore goods will arrive ashore and continue to pay attention.
After the National Day holiday, the external market was strongly driven.
Commodity and futures markets opened higher in red, and the bisphenol A market ushered in a good start.
It still benefited from the scarcity of spot resources and enthusiasm for domestic and foreign market enquiries.
Merchants were reluctant to sell and the leading companies rose slightly.
Following up, the spot market for BPA reached a new high.
The raw material pure benzene was pulled up to 940 US dollars/ton (about FOB Korea), the spot opened higher, and the offer was 6900-7000 yuan/ton; the trading of phenol was light and the inquiry was limited, and the negotiated price in East China was 14700-14800 yuan/ton; The price of acetone showed a slight upward trend.
The negotiated price in East China was 6500-6600 yuan/ton, and some offers increased by 6700 yuan/ton.
The downstream digested inventory mainly, and some replenishment on demand.
After the holiday, the spot market for bisphenol A rose again, and the external quotation rose to US$2,400/ton.
In October, the overall resources were still tight, and the merchants were still reluctant to sell.
The market is expected to continue to be high and firm.

    On the last trading day (October 09), the market sentiment of BPA was good and the trend of openness was high.
The atmosphere of out-of-market and spot inquiries was active, the offer was strong, and there were signs of probation.
The current high-end market and the overall spot resources are still insufficient , Merchants are reluctant to sell and wait and see, and negotiations need to be further clarified.
During the National Day holiday, market volatility is limited, the global monetary easing policy has affected, the commodity market has risen across the board, the international crude oil trend is strong, the pure benzene has risen sharply, the overall atmosphere is good, and the domestic and foreign prices of bisphenol A are firm.
In short, the post-holiday atmosphere is strong, low-priced sources are hard to find, sporadic tentative offers have increased more, and actual transactions are limited; however, downstream end-users are still cautious, and some intermediate merchants are optimistic about the market outlook and are eager to try small orders.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream price in East China is 21,000 yuan/ton, the low-end price is raised by 500 yuan/ton, the high-end price is raised by 400 yuan/ton, and the mainstream transaction price 20,700~21,000 yuan/ton, 300 yuan/ton for low-end/500 yuan/ton for high-end; 21200 yuan/ton for mainstream quotation in Huangshan area, 600 yuan/ton for low-end/500 yuan/ton for high-end, mainstream transaction price 20,800 ~21200 yuan/ton, 300 yuan/ton for low-end/600 yuan/ton for high-end; 21,000 yuan/ton for mainstream prices in North China, 500 yuan/ton for low-end/400 yuan/ton for high-end, and mainstream transaction prices from 20,800~ 21,000 yuan/ton, an increase of 500 yuan/ton; mainstream quotations in South China are 21,500 yuan/ton, low-end prices are increased by 500 yuan/ton/high-end prices are increased by 400 yuan/ton, mainstream transaction prices are 21,300-21,500 yuan/ton, and low-end prices are increased by 300 yuan /Ton/high-end is raised by RMB 500/ton.

    Domestic bisphenol A manufacturers continue to rise at a high level and some follow the rise.
The products are mainly supplied to core customers, with few external sales.
Most of them are temporarily not quoting, and a few have raised their quotations.
The market continues to be in short supply and merchants are actively speculating.
There is still a possibility of small increases before the holiday.
, But the spot market is still tight and continues to rise, a small amount of export is still the main feature, and most of the devices are operating normally.
According to market experts from the China Epoxy-e.
cn Association (www.
epoxy-e.
cn), on the same day: Bayer Shanghai resumed its offer to 20,300 yuan/ton, and raised it by 1,800 yuan/ton.
The main supply is for downstream polycarbonate devices and only Small amount of external sales, 100,000 + 110,000 tons/year of bisphenol A plant is operating smoothly, 100,000 + 100,000 tons/year of polycarbonate plant is operating normally; Sinopec Mitsui’s ex-factory price is 20,300 yuan/ton, increased by 300 yuan/ton, 120,000 The ton/year bisphenol A plant is operating at full capacity, the contract is mainly supplied, and the market is temporarily unavailable, and the spot trend continues to be paid more attention; Wuxi resin is closed, the pre-factory price is 17500-18000 yuan/ton, and the main supply is Xitong epoxy Resin plant (overall production capacity of 100,000 tons/year), most of Wuxi polycarbon grade products are for self-use and ready for export, Nantong epoxy grade products are mainly used for self-use, and some are exported.
Wuxi 25,000 tons/year bisphenol A plant is operating normally and has a starting load High, Nantong’s 90,000-ton/year bisphenol A plant is operating at a general level and has a load of 50%; Zhongxin Chemical’s closed disk, the initial ex-factory price is 16,900 yuan/ton, and the 25,000-ton/year bisphenol A plant is operating at full capacity, mainly for self-use , The main supply of Suicheng epoxy resin plant (overall production capacity is more than 50,000 tons/year), and the upstream 200,000 tons/year phenol ketone plant is operating stably.

(Our reporter Wu Xi)

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