Daily review of BPA: still plain

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] February 27, 2009: The domestic bisphenol A market is still flat and the market is low, on the trading day (February 26) The mainstream transaction price in East China, the mainstream market, managed to maintain the range of 7,200-7,300 yuan/ton.
According to analysis by market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the market continued to consolidate slightly on that day, with a strong wait-and-see atmosphere, fewer buyer enquiries, limited overall transactions, and early profit-taking businesses.
, But the market resources are not sufficient-although the follow-up continues to supplement, but the wait-and-see atmosphere is thus stronger, the factory load is not high, and the output is limited.
The raw material market has rapidly declined and cost support factors have weakened.
Among them, the phenol market has declined across the board, the transaction price in East China is 5,600 yuan/ton, the downstream wait-and-see has increased, the purchase has decreased, and the downward pressure on the market has increased; the acetone market has been weakened.
The transaction price in East China was 5200-5300 yuan/ton.
The downstream wait-and-see phenolic ketones both declined.
The epoxy resin and polycarbonate industries have a strong wait-and-see atmosphere, weak market buying momentum, and cautious attitudes towards raw materials.
In short, the current market continues to be weak and the downside space is limited, and the wait-and-see atmosphere is still strong , The performance of the negotiations continues to be weak, the downstream start load is average, the market outlook is not good, the terminal demand is sluggish and difficult to change, the basic raw material market is falling, and the short-term trend is still showing a slight softening.

On the trading day (February 26), the domestic bisphenol A market was lightly traded, and the negotiation center was mostly low-end, and the merchants' mentality was slightly unstable.
The upstream raw materials declined overall, and the downstream epoxy resin waited and sees the market.
The raw materials were few and the raw materials fell slightly.
The situation seems difficult to change; the current market is sluggish, mainly wait-and-see, inquiries are thin, transactions are limited, and the focus of negotiation is weak and slightly lower.
There are also hearsays.
The load of manufacturers is not high, mainly for self-use or contract supply, and less export.
Trading merchants There are not many stocks and wait and see the market trend in the later stage; the main characteristics continue to be: downturn, weak market, scarce trading, no new moves by manufacturers, positive sales of merchants, downstream cautious wait-and-see, poor transactions, facing the basics The overall decline in raw materials, direct raw materials began to weaken, and terminal demand is still sluggish-epoxy resin and polycarbonate are mostly wait-and-see, demand still needs to increase, buying momentum is still weak, industry insiders are pessimistic, and it is difficult to weaken slightly.
Reform, the entire industrial chain is weak and expanding, and the specific expectation remains to be observed and evaluated.
According to market experts from China Epoxy-e.
cn, the mainstream quotation in East China is 7400-7500 yuan/ton, the mainstream transaction price is 7200-7300 yuan/ton, mainly low-end; Huangshan The mainstream quotation in the region is 7500-7600 yuan/ton, and the mainstream transaction price is 7400-7500 yuan/ton, mainly low-end; the mainstream quotation in North China is 7600-7700 yuan/ton, and the mainstream transaction price is 7400-7500 yuan/ton, mainly low-end ; The mainstream quotation in South China is 7900-8000 yuan/ton, and the mainstream transaction price is 7700-7800 yuan/ton, mainly low-end.

    Domestic manufacturers have relatively high production capacity, their discourse power is to be improved, overall production is low, and prices are fully closed.
They still reflect the heavy operating pressure, and there is still an oversupply behind it, which is difficult to fundamentally reverse in the short term; the current operating strategy remains the same-the operation continues to be low-key, The quotation is still unknown, self-supporting mainly, a small amount of external supply, the overall production capacity is relatively high, and the actual load is relatively low; According to market experts from 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.
The products are mainly for self-use, and the overall load is less than 50%, 11+10 The load of the 10,000-ton/year bisphenol A plant is not high, and the overall load is less than 50%.
The first set of 100,000-ton/year polycarbonate device has a low load, and the second set of 100,000-ton/year polycarbonate device.
October 2008 Machinery Completion/Start-up in December; Sinopec Mitsui's 120,000-ton/year plant is operating normally, with flexible load, low product inventory, and the main contract user—polycarbonate manufacturers; Wuxi resin is closed, and the preliminary price is 17500~18,000 yuan/ Ton, the product is for self-use and basically no export-the main supply is for the Xitong epoxy resin plant (overall production capacity is more than 100,000 tons/year), and the 16,000 tons/year bisphenol A plant will be shut down and restarted on April 17th.
The 25,000-ton/year bisphenol A plant is operating normally, and the catalyst replacement is planned.
In March, Nantong’s 90,000-ton/year bisphenol A plant is scheduled to be put into operation in the second quarter; Zhongxin Chemical is closed, and the initial ex-factory price is 8,000 yuan/ton, 25,000 tons/ The bisphenol A plant was operated at low load every year, and the main supply was the Suicheng epoxy resin plant (overall production capacity was over 50,000 tons/year), and there were not many export sales.

(Our reporter Meili)

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