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    Home > Coatings News > Resin News > Daily Review of BPA: Weakening

    Daily Review of BPA: Weakening

    • Last Update: 2021-04-24
    • Source: Internet
    • Author: User
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    [China Epoxy Network (China Epoxy Industry Online) www.
    epoxy-e.
    cn] May 20, 2010: The domestic bisphenol A market is sluggish and weak.
    On the last trading day (May 19), the mainstream transaction price in East China in the mainstream market fell again to the range of 15,900-16,100 yuan/ton, with a reduction of 100 yuan/ton.
    According to the analysis of market experts from the China Epoxy Industry Association (www.
    epoxy-e.
    cn), the market opened flat on that day, and the market was weak.
    Recently, oil prices have been falling and the market has continued to weaken.
    There are few downstream inquiries and market concerns.
    Less, part of the offer is already at the previous transaction price and the downstream response is limited.
    The buyers and sellers have a strong wait-and-see sentiment.
    The spot price continues to fall and the mentality is collectively biased.
    International crude oil drops again and enters below US$70/barrel, which is bound to aggravate the uncertainty of the market outlook.
    At present, peripheral products are showing weakness, panic shipments continue, and weak adjustments continue; early low-cost inventory profits are out, and downstream users pay close attention to the spot , External disk, enter the market cautiously, short-term wait-and-see pattern is difficult to change.
    Firm quotations for foreign cargoes are scarce, bulk commodities are impacted by the downturn, and some buying intentions are lower than US$1,900/ton (CFR China's main port).
    No buyer's intention to reach a transaction has been heard yet.
    Pure benzene was impacted by the oil price and the plummet of the external market, panic mentality and lack of mainstream transactions.
    Sinopec Corp.
    lowered the price by 200 yuan/ton to 7,400 yuan/ton for the second time; weak spot consolidation of phenol, merchants on the market, the negotiation price of 14,000-14200 yuan/ton in East China The supply of acetone continued to weaken due to ample supply of acetone.
    Some "non-mainstream" merchants sold low and further suppressed the market.
    The negotiated price in East China dropped to 7,800 yuan/ton.

     

        On the last trading day (May 19), the bisphenol A market fluctuated within a narrow range and operated in a weak position.
    Recently, the weak consolidation of bulk commodities and the herd effect of market mentality have appeared.
    Pay attention to the "straw" of the external market and short-term weak consolidation.
    The downstream continues the wait-and-see situation, and the negotiated price is still dropping.
    Some oceans have heard of lower prices, and the overall atmosphere is weak.
    The bulk commodity market plummeted, the bears were hit vertically, the bisphenol A atmosphere was sluggish, the bottom continued, the external disk was under pressure, and the market's attention increased.
    The negative atmosphere of bisphenol A slightly prevailed, and the short-term weak shock continued.
    The upstream pure benzene market plunged sharply.
    In June, the cargo dropped to US$900 per ton (FOB Korea); both the phenol and acetone internal and external markets fell, and some retail investors have heard of them below the low end.
    The price difference between bisphenol A and pure benzene US dollars has widened to more than 1,000 US dollars.
    The market is worried about adjustment risks and short-term attention.
    According to market experts from the China Epoxy Industry Association (www.
    epoxy-e.
    cn), among them: the mainstream quotation in East China is 16200-16300 yuan/ton, the mainstream transaction price is 15900-16100 yuan/ton, Lower 100 yuan/ton; mainstream quotations in Huangshan area are 16300-16400 yuan/ton, lowered by 300 yuan/ton, mainstream transaction prices are 16000-16100 yuan/ton, lowered by 200 yuan/ton; mainstream quotations in North China are 16200-16400 yuan/ton, Lower 300 yuan/ton, mainstream transaction price 16000-16100 yuan/ton, lower 200 yuan/ton; mainstream quotation in Southern China 16700-16800 yuan/ton, lower 300 yuan/ton, mainstream transaction price 16400-16600 yuan/ton, lower 100 yuan/ton.

     

        Domestic bisphenol A manufacturers maintain their quotations and wait and see.
    The operation of the existing equipment has stabilized, the new equipment has not yet been discharged, the raw materials have been sorted out, the market focus has fluctuated, the cost factor has weakened, and the market is unable to regulate.
    Fortunately, the scale of shipments is limited and the inventory pressure is not great.
    The main characteristics of the overall operation are as follows: wait and see the market, increase operational efforts, inability to stabilize the market, still focus on control, maintenance of load, and low capacity utilization.
    According to market experts from China Epoxy Resin Industry Association (www.
    epoxy-e.
    cn), on the same day: Bayer’s Shanghai ex-factory price was 17,200 yuan/ton, the main configuration and supply of downstream polycarbonate devices, a small amount of external sales, 10 + 110,000 The ton/year bisphenol A unit is operating normally and the load is 80%, and the 100,000+100,000 tons/year polycarbonate unit is operating normally; Sinopec Mitsui’s ex-factory price is 17,200 yuan/ton, and the 120,000 tons/year bisphenol A unit is operating at full capacity and is planned Overhauled in June, the main supply contract users, and the shipment situation remained stable; Wuxi resin was sealed, the pre-factory price was 17500-18000 yuan/ton, the product was used for self-use, and there was no export in the near future.
    The production capacity exceeds 100,000 tons/year), the 25,000 tons/year bisphenol A plant in Wuxi is operating normally and the load is average, and the 90,000 tons/year bisphenol A plant in Nantong continues to be debugged, and there is no output news; Zhongxin Chemical has once again closed the disk, the early stage The ex-factory price is 16,900 yuan/ton, and the 25,000-ton/year bisphenol A unit will be shut down for maintenance.
    It will be the end of the month.
    The products will only be used for self-use, and the main supply will be the Suicheng epoxy resin unit (overall production capacity is more than 50,000 tons/year), upstream 20 The 10,000-ton/year phenol and ketone plant is operating stably.

     

    (Our reporter Xingchen)


     


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