Daily Review of BPA: Long and Short Game

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on August 25, 2010: The domestic bisphenol A market has a long-short game and is temporarily deadlocked.
On the last trading day (August 24), the mainstream transaction price in the East China region of the mainstream market still maintained the range of 17,000 to 17,200 yuan/ton.
According to the analysis of market experts from China Epoxy Resin Industry Association (www.
epoxy-e.
cn), the raw materials in the market were tightened and the center of gravity rose slightly on that day.
There was a strong wait-and-see atmosphere.
The negotiation price could be 17,300 yuan/ton.
Wuxi resin Nantong Bisphenol The shutdown of the A device next month and the accidental maintenance of the phenol ketone device of Tianjin Petrochemical Company have already produced a certain degree of benefit to the market.
The wait-and-see market is heating up, and despite the low prices, the low-price supply gradually fades out of sight.
International crude oil continues to fall and has fallen 10% in two weeks.
The trend of epichlorohydrin is undecided and unclear.
In addition, the downstream epoxy resin is not working well, the short-term strength of bisphenol A is still there, short-term long-term factors are intertwined, and the market is expected to fluctuate Organize the main, follow-up to continue to pay attention to relevant news.
Phenol Tianjin installation stimulated the shutdown and the speculation rose.
The East China region negotiated to 14500-14600 yuan/ton, an increase of 200 yuan/ton; the acetone market also picked up slightly and the short-term mentality improved, and the East China region negotiated to 6300 yuan/ton.
The downstream epoxy resin market fluctuated and reorganized, and the wait-and-see sentiment was further aggravated.
Most small factories chose to stop work for maintenance and digest inventory, but the scale of transactions still did not improve and the shipments were few.
At the beginning of the week, merchants reluctant to sell and wait-and-see atmosphere increased.
At present, the bisphenol A market is mostly priceless.
The good news needs to be further digested and paid attention to the actual trading situation.

    On the trading day (August 24), the bisphenol A market continued to wait and see, and the atmosphere changed slightly.
The relevant news has yet to be clarified, and there are not many active offers.
Some downstream and intermediate merchants are trying to find the direction of the inquiry, although there is not much talk about it.
The atmosphere is still picking up.
The shutdown of the Nantong plant of Wuxi Resin next month and the unexpected failure of the phenol ketone plant of Tianjin Petrochemical Company are obviously beneficial to the market.
At the beginning of the week, the spot market for bisphenol A was flat, and the raw material phenol ketone declined in a narrow range.
The CFR China market for phenol fell slightly by 25-40 US dollars/ton to 1670-1780 US dollars/ton.
The acetone spot is abundant and the pressure on domestic supply adjustment is slightly reduced.
CFR China Refer to the negotiation for US$690-740/ton; Tianjin Petrochemical will conduct accidental maintenance from August 26 to mid-September, and Yanshan Petrochemical will also have a maintenance plan in September.
The atmosphere has improved, arbitrage shipments are no longer, prices have rebounded, but the transaction is insufficient; the external market also showed a weakening trend in the early period, buying interest fell to US$1,900/ton (CFR China's main port), and the market's short-term mentality was slightly empty.
There seems to be room for consolidation in the follow-up.
Merchants' quotations are temporarily stable and raw materials are softening.
Market participants are cautiously optimistic.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 17,200-17,300 yuan/ton, the mainstream transaction price is 17,000-17200 yuan/ton; the mainstream quotation in Huangshan area is 17,400～ 17,500 yuan/ton, mainstream transaction price 17200-17400 yuan/ton; mainstream quotation in North China 17300-17400 yuan/ton, mainstream transaction price 17200-17300 yuan/ton; mainstream quotation in South China 17700-17800 yuan/ton, mainstream transaction price 17500～17600 yuan/ton.

    Domestic bisphenol A manufacturers temporarily stabilized at a high level and operated in a low profile.
Most of the production equipment is operating normally, some overhauls have been completed, and the start-up is stable, and the products are still operating at full capacity.
The products are still mainly for self-use, and the number of external supplies is limited.
Some equipment is scheduled to be overhauled for half a month next month.
In the near future, we will wait and see the market and follow up operations.
According to a market expert 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 17,200 yuan/ton, mainly for the supply of downstream polycarbonate devices, and a small amount of external sales.
In the near future The polycarbonate internal and external disks are stagnant and arranged sideways.
The 100,000+110,000 tons/year bisphenol A unit is operating normally and the load is 80%.
The 100,000+100,000 tons/year polycarbonate unit is operating normally; Sinopec Mitsui’s ex-factory price is 17,500 yuan/ Tons, 120,000 tons/year bisphenol A plant is operating at full capacity, the contract supply is the main focus, and the spot trend is paid more attention; Wuxi resin is closed, the initial ex-factory price is 17500~18,000 yuan/ton, and the main supply is Xitong epoxy resin plant (Overall production capacity is 100,000 tons/year), Wuxi polycarbon grade products are ready for export, Nantong epoxy grade products are mainly used for self-use, Wuxi 25,000 tons/year bisphenol A plant is operating normally and the load is high, and Nantong 90,000 tons/year The bisphenol A plant is operating stably, and the quality needs to be improved (September 1-15 is planned to be shut down for 2 weeks for rectification); Zhongxin Chemical will be closed, the initial ex-factory price of 16,900 yuan/ton, 25,000 tons/year of bisphenol A plant on August 13 Daily shutdown for maintenance and will be restarted soon.
The products are mainly for self-use and the main supply is Suicheng epoxy resin equipment (overall production capacity is more than 50,000 tons/year).
The upstream 200,000 tons/year phenol and ketone equipment has been overhauled simultaneously.

(Reporter of this site Shuzhi)

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