Daily Review of BPA: The market is strong

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 9th, 2010: The domestic bisphenol A market is rising and the market is strong.
On the last trading day (July 8), the mainstream transaction price in the mainstream market in East China remained high at the range of 15,200-15,500 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the spot market fluctuated at a high level on that day, oil prices rebounded strongly, commodity markets generally opened higher, market sources were scarce, and import merchants were reluctant to sell.
The focus of discussion is high, and the downstream is cautious and wait-and-see, and the situation of heavy volume is normal.
As the domestic spot market is rising, near-ocean cargo prices have risen tightly, and offers can be as high as 16,000 yuan/ton.
The focus of negotiations on ocean-going cargoes has also slightly increased; however, due to the relatively weak market, downstream and merchants have been cautious in catching up and high-end transactions have increased.
Shrinking, the actual transaction is dominated by offshore sources, and the downstream epoxy resin is supported by the cost of another raw material-bisphenol A, which has slightly improved.
The upstream pure benzene market fluctuated weakly and trading was weak.
The negotiated price in East China was 6,200-6,250 yuan/ton; the price of phenol rose, and the high-end and heavy-volume transactions increased, and the price in East China dropped to 13,700-13,800 yuan/ton; the contradiction of oversupply of acetone The pattern of prominence and negative decline continued, and the negotiated price in East China fell to 5450-5550 yuan/ton.
The price of bisphenol A raw materials is diverging, and more support comes from the fundamentals of supply and demand.
At present, the large-cap market is still relatively sluggish.
The short-term bisphenol A rises rapidly and its performance is eye-catching.
In July, the domestic supply volume increased as a whole.
The downstream polycarbonate further weakened and challenged the high price of bisphenol A in the external market.
The unilateral bisphenol A spot market is still Be cautious.

    On the trading day (July 8), the bisphenol A market remained strong and continued to rise.
Merchants operated fluctuatingly and profited on rallies to control their positions.
Near-ocean supply was scarce, and offshore prices were slightly lower, accompanied by rising speculation and rising downstream.
Follow-up is more cautious.
At present, there are not many resources in the society as a whole, and it is still difficult to find goods at the low end.
During the week, the bisphenol A market was operating at a high level, resources were not many, and the overall market offer was high.
Actual negotiations were fluctuating, mainly ocean-going negotiations.
Since last week, the market has repeatedly pulled up, but the demand has not changed significantly.
The upstream pure benzene spot is weak and fluctuating, and the overall market atmosphere is general; domestic phenol manufacturers continue to make up for the increase, downstream terminals are in high resistance, and they are picked up as needed; the weak consolidation of acetone continues, the market mentality is pessimistic, and the transaction situation is flat.
The high external market, the lack of spot resources, and the certain support of raw material costs have been the main benefits for BPA spot.
At present, the downstream procurement is completed and the high wait-and-see period is gradually entered.
It is expected that the subsequent trend will slow down.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 15500-16000 yuan/ton, the high-end price is raised by 200 yuan/ton, and the mainstream transaction price is 15200-15500 yuan/ton.
; The mainstream quotation in Huangshan area is 15600～16000 yuan/ton, the mainstream transaction price is 15300～15500 yuan/ton; the mainstream quotation in North China is 15600～16000 yuan/ton, the mainstream transaction price is 15300～15500 yuan/ton; the mainstream quotation in South China is 16000～16500 Yuan/ton, high-end prices are raised by 200 yuan/ton, mainstream transaction prices are raised at 15700-16000 yuan/ton, low-end prices are raised by 100 yuan/ton/high-end prices are raised by 200 yuan/ton.

    Domestic bisphenol A manufacturers continue to stop reporting as a whole.
Existing devices are operating normally, overhaul devices have been restarted, and newer devices are gradually stabilizing.
Raw materials are rising and falling, and their own market continues to rise.
Cost factors are no longer dominant, tight supply has limited effects, shipments are small, and inventory Not much pressure.
The main characteristics of the overall operation are as follows: wait and see the market, operation is average, unable to control, follow the goods mainly, and the overall production load level is acceptable.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer Shanghai closed the disk, the initial ex-factory price was 17,200 yuan/ton, and the main configuration was the supply of downstream polycarbonate devices and a small amount of external sales.
The 100,000+110,000-ton/year bisphenol A unit is operating normally, with 80% load, and the 100,000+100,000-ton/year polycarbonate unit is operating normally; Sinopec Mitsui’s closure, the initial ex-factory price of 17,200 yuan/ton, 120,000 tons/year double The phenol A plant is operating normally, the supply is mainly based on the implementation of the contract, and the sales outside the contract are temporarily small; the Wuxi resin is closed, the pre-factory quoted price is 17500-18000 yuan/ton, the product is for self-use, and there is little export in the near future-the main supply of Xitong epoxy resin Plant (overall production capacity of 100,000 tons/year), Wuxi 25,000 tons/year bisphenol A plant is operating normally, Nantong’s 90,000 tons/year bisphenol A plant is operating stably, and the output of epoxy-grade products is normal; Zhongxin Chemical is closed.
, The initial ex-factory price is 16,900 yuan/ton, and the 25,000-ton/year bisphenol A device is operating normally and starts at full load.
The product is only for self-use and the main supply is the Suicheng epoxy resin device (the overall production capacity exceeds 50,000 tons/year).
The upstream 200,000 tons/year phenol and ketone plant is operating stably.

(Our reporter Huan Yang)

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