Daily review of BPA: horizontal operation

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] March 18, 2010: The domestic bisphenol A market moves horizontally and fluctuates within a narrow range.
On the last trading day (March 17), the mainstream transaction price in East China in the mainstream market continued to maintain the range of 13,800-14,000 yuan/ton.
According to the analysis of market experts from the China Epoxy Resins Industry Association (www.
epoxy-e.
cn), the market opened flat in the morning and went smoothly afterwards.
Related products epichlorohydrin stabilized, oil prices firmed, and raw material pure benzene/phenol ketones rose.
There were mixed declines, some downstream low-price inquiries, actual negotiations remained the mainstay, cost-relied, and the market was low; the US dollar index weakened, European and American crude oil futures rebounded strongly, the European and American sub-pure benzene markets closed higher across the board, and the raw material phenol ketone Periodic shocks are weak, and the pattern is difficult to change; BPA continues to trade sideways, the overall market mentality is acceptable, and the internal and external markets are clearly upside down.
More downstream users, intermediary merchants, and intentions to find goods at reasonable prices for replenishment are subject to Demand and cost are dually restricted, and short-term fluctuations are difficult to occur.
The upstream pure benzene external disk market is running at a high level, and the intraday part of the transaction is 925 US dollars/ton (FOB Korea).
The spot is supported by the external disk, and the atmosphere of low refinery inventory is heating up.
Sinopec East China plans to raise 200 yuan/ton; the phenolic ketone spot market further weakens , The short-term contradiction between supply and demand is prominent, the offer of phenol in East China has dropped to 11,600 yuan/ton, and the negotiation of acetone in East China is temporarily maintained at 8,100-8150 yuan/ton.
The recent influencing factors are intricately intertwined and the market mentality is susceptible to volatility.
Near the end of the month, some manufacturers pay for cash.
Some of the market's shipment intentions increase slightly, and the short-term wait-and-see situation is expected to continue in a narrow range within the week.

    On the trading day (March 17), the domestic BPA market was flat and parallel, the atmosphere was stable, the cost must be supported, and the overall mentality was acceptable.
Some downstream and intermediate merchants replenished the goods at a reasonable price.
The overall transaction situation was still average.
Related products The trend is slowing down, the market pays close attention to the downstream situation; the spot trades sideways, buyers and sellers wait and see, the internal and external markets of phenolic ketones are weak, the downstream epoxy resin cost pressure adjustment, and the price callback, bisphenol A is not only cost, but also difficult to find in the external market.
Merchants control the pace of shipments and lower their rejections, and the bisphenol A external disk has limited fluctuation space.
The international oil price in the United States broke 80 US dollars/barrel, and all parties concerned reacted; pure benzene was arranged at a high level, and the April cargo negotiated price was 920 US dollars/ton (FOB or so); the internal and external market of phenol and ketone continued to weaken, and the phenol spot market was weak and downstream Entering the market cautiously, the acetone port has ample inventory and merchants have strong intentions to ship.
The bisphenol A spot market has fluctuated recently, but the relatively high cost and relatively stable external market continue to form a certain amount of support.
The mainstream merchants have little intention to increase the volume, and the short-term ups and downs are dilemma and more attention.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 14,000-14,200 yuan/ton, the mainstream transaction price is 13,800-14,000 yuan/ton; the mainstream quotation in Huangshan is 14,100～ 14300 yuan/ton, mainstream transaction price 14000-14100 yuan/ton; mainstream quotation in North China 14100-14300 yuan/ton, mainstream transaction price 14000-14100 yuan/ton; mainstream quotation in South China 14500-14700 yuan/ton, mainstream transaction price 14300～14500 yuan/ton.

    Domestic bisphenol A manufacturers limited the market and maintained their quotations.
The spot price was stagnant at a high level, and most of them were on the sidelines.
The quotation was far behind the transaction.
Proactively attacked in the early stage, the current start-up is still low, some continued parking is yet to be tested, and the new equipment has not yet been released.
The overall main features continue to be shown as follows: catering to the market, increased operational efforts, no longer pushing up, normal operating mentality, maintenance of load, low capacity utilization, stable offers, and flexible trading and shipment.
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 14,500 yuan/ton, mainly for downstream polycarbonate devices and a small amount of external sales.
The supply scale is still limited and the market The impact is relatively small.
The 100,000+110,000-ton/year bisphenol A plant has all started, with a load of about 30%, and the 100,000+100,000-ton/year polycarbonate plant is operating normally; Sinopec Mitsui’s ex-factory price is 14,800 yuan/ton, 120,000 tons/year The bisphenol A plant ran normally and started up at full capacity.
The products were mainly supplied to polycarbonate manufacturers, and the core contract users were mainly, and the delivery remained stable; the Wuxi resin was closed, the pre-factory price was 17500-18000 yuan/ton, and the products were used for their own use.
There is no export sales in the near future-the main supply of Xitong epoxy resin plant (overall capacity exceeds 100,000 tons/year), some outsourcing, 25,000 tons/year bisphenol A plant is operating normally and the load is not high, Nantong 90,000 tons/year The bisphenol A plant was put into operation on February 22, and if it goes smoothly, it is expected to be discharged in April; Zhongxin Chemical will close the disk, the initial ex-factory price of 9,500 yuan/ton, the 25,000 tons/year bisphenol A plant runs smoothly, and the main supplier is Suicheng Epoxy Resin plant (overall production capacity is more than 50,000 tons/year), mainly for self-use, rarely for export.
(Our reporter Meili)

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