Propylene oxide turns on rebound mode!

Roughly calculated, the profit margin of chlorohydrin method propylene oxide has shrunk to a certain extent with the previous price drop.
The current mainstream price of liquid chlorine in Shandong is 1600 yuan/ton, and the propylene market in Shandong is sideways.
The mainstream transaction price refers to 6780-6800 yuan/ton
.
The profit of cyclopropane is around 4400 yuan/ton, which is not as good as that of the previous period, and the small change in the raw material side still has little impact on the market
.

From the demand side, the terminal was still cautious last Friday, and the supply of goods was limited.
However, stimulated by the increase in new orders in the afternoon, there were more centralized replenishment on weekends, which led to an increase in polyether orders, the market atmosphere improved, and the supply of goods circulated.
And smooth, bottom-up drive PO price rebound , there is a certain support for the market
.

At present, the inventory of PO factories is low, the demand side is good, and the Jinling Huntsman plant in East China is shut down for maintenance on time.
It is expected that shipments will be stopped one after another on 11.
13.
It is expected that the market supply will still be slightly tight in the short term , and the low inventory of raw materials in the downstream and terminals will make them in a passive position.
.

Bisphenol A: Continuously soaring, prices soaring

Entering November, the bisphenol A market has been rising continuously.
This week it has risen by 1300-1500 yuan / ton in two , and the market is also closely followed.
The offer last weekend was still 13,500 yuan / ton.
This week's opening price rose by 1,000 yuan/ton, and on November 10, it rose by 500-800 yuan/ton .

Monitoring data shows that the bisphenol A market offer was 12,600 yuan / ton on November 1, and the bisphenol A market was 15,440 yuan / ton on November 10, a cumulative increase of 22.
54% in 10 days
.

The rise of bisphenol A is inseparable from the favorable pull of the downstream epoxy resin industry .
It is reported that the domestic epoxy resin market rose sharply in November , especially for liquid resins .
Spots are also scarce in the market, and it is difficult to obtain the actual price.
The current negotiated price of liquid resin is 28,500-30,000 yuan / ton.
It is understood that the current price of liquid resin has reached its peak in the past three years, and there is still an upward trend
.
In terms of factories, the offer from factories in October was still 21,000-22,000 yuan / ton.
At the end of October, most factories have closed their orders, and orders are mainly produced.
It is understood that the current sporadic offers of some factories are also 28,000-30,000 yuan / ton
.
Another important downstream product, PC, was mostly affected by the surge in raw materials, and it performed well with a significant increase
.

The rise of bisphenol A is not obvious from the cost side of the raw material.
On the contrary, the raw material has also recovered due to the upward trend of bisphenol A, but the increase is not optimistic.
In terms of raw materials, the phenol and acetone markets have not increased significantly .
Taking East China as an example, phenol The overall upward price is about 200 yuan/ton.
The reference for negotiation is 5600-5700 yuan/ton.
The low-end price is almost non-existent, and the enthusiasm of the terminal to receive orders has recovered.
The acetone negotiation is 7300-7450 yuan/ton.
The transaction is generally completed after the replenishment in the early stage
.
The current cost increase is not large, and the support from the cost side is not strong.
On the contrary, from the raw material side, the bisphenol A factory is quite profitable
.

At present, the supply in East China and North China is very tight, and under the circumstance that the factory has continuously increased significantly, some stockholders are reluctant to sell.
The market continued to open higher at 15,500-16,000 yuan / ton
.