Since the end of September, the bisphenol A market has turned down and continued to fall. In November, the domestic bisphenol A market continued to be weak, but the decline slowed down. With the price gradually approaching the cost line, the market attention has increased. Some intermediate traders and downstream users have gradually entered the market for inquiries, and the low sentiment of bisphenol A holders has gradually slowed down. According to the monitoring data of the business community, the market negotiation price was 11875 yuan/ton on the 8th, down 9.44% from the 1st day. It was 28% lower than the market offer of 16478 yuan/ton on September 28 (the highest point in the second half of the year).

The quotation of bisphenol A in the domestic mainstream market on November 8:

Region, quotation, daily rise and fall

East China, 11900., – 50

Shandong region., 11850., – 100

The two downstream companies mainly digest contracts in the near future, and the purchase of new orders is limited. The overall operating rate of downstream epoxy resin and PC is around 50%, mainly based on the digestion of contracts. The epoxy resin market continued to fall in November. Under the influence of many negative factors, the market was hard to hear of real orders, and the atmosphere was pessimistic, mainly sporadic small orders. As of August 8, East China liquid epoxy resin negotiation was 16000-16600 yuan/ton of purified water, and Huangshan solid epoxy resin mainstream negotiation was 15600-16200 yuan/ton. On the PC side, the factory continued to decline by 300-1000 yuan/ton this week. However, considering the comprehensive cost factors, the continued sharp decline may be small. As of August 8, the middle and high-end materials in East China had been negotiated at 16800-18500 yuan/ton, and the actual order was negotiated specifically.

The raw material market fluctuated, and the continuous downturn of phenol could hardly support bisphenol A. The phenol market across the country continues to be weak. Sinopec East China phenol quoted 9500 yuan/ton. The negotiated prices of major mainstream markets also fell to varying degrees. The market terminal buying is not good, and the shipping pressure of the holders is high. It is expected that the market will remain weak in the short term. The reference price of East China market is 9350-9450 yuan/ton. The acetone market fell sharply due to Hong Kong stock, and under the influence of tight supply expectations, the market stopped falling and retreated this week, with a significant increase. The negotiation in East China was 5900-6000 yuan/ton. Due to the limited supply of goods, the holder is reluctant to sell obviously, the offer is firm, the purchase slows down after the terminal small order is followed up, and the short-term acetone is firm, focusing on new products for a long time.

Although the bisphenol A market continues to decline, the market price has gradually approached the cost line, and the decline has slowed down. Recently, two production lines of Changchun Chemical Bisphenol A Plant have been overhauled, and Nantong Xingchen and South Asia Plastics have been shut down for overhaul. The overall operating rate is around 60%, and the supply side has also been tightened. However, the raw material side has not yet had significant cost support, and the two downstream areas are still in a continuous downturn and have no improvement trend. The business community expects the short-term bisphenol A market to operate in a weak and volatile manner, focusing on the downstream demand and the influence of the market news.

According to the bulk list data of business cooperatives, as of November 7, the average price quoted by formic acid enterprises was 3033.33 yuan/ton, 22.15% higher than that on Wednesday (November 2), 13.33% lower than that on October 7, and 24.79% lower than that on a three-month cycle.

Recently, the market price of 85% industrial formic acid in China has risen. The main reason for this price increase is that: a large factory has the news of maintenance plan, the market supply is expected to shrink, which has boosted the market’s price mentality. In addition, some enterprises’ export orders have increased. On November 7, some enterprises’ quotations rose by 900 yuan to 3250 yuan/ton. Domestic downstream pharmaceutical, rubber, leather, pesticide and other industries’ procurement followed up as required, and the market delivery and investment were orderly.

In terms of cost: upstream sulfuric acid, the domestic sulfuric acid market price fell on November 7; Upstream methanol. According to the monitoring data of the business community, the average price of East China ports in the domestic methanol market rose from 2790 yuan/ton to 2828 yuan/ton from October 31 to November 7. The price rose 1.36% in the cycle; The cost has little effect on formic acid.

According to the formic acid analysts of the business community, the current cost support is limited, the mainstream production enterprises have started relatively high, the domestic downstream demand is mainly stable, and the export order performance is fair. In the short term, the domestic industrial grade 85% formic acid market may absorb the growth, so more attention should be paid to the market news.

According to the data monitored by the business community, as of November 7, the price of lithium iron phosphate, an excellent power product, was 165000 yuan/ton, which was stable compared with the price of lithium iron phosphate in the same period last week. At present, the operating rate is stable, the procurement atmosphere is general, and the mainstream price range is 160000-165000 yuan/ton.

The price of lithium iron phosphate, an excellent power product, is 165000 yuan/ton. The price of lithium iron phosphate is mainly stable, and the price range is maintained at 160000-165000 yuan/ton. At present, the downstream just needs to purchase, the operating rate is stable, and the purchasing atmosphere is general. The overall market remains stable and strong. The manufacturer’s supply is only for regular customers, mainly for contract customers to arrange orders and deliver goods. The overall market negotiation atmosphere is fair.

Chemical commodity index: On November 6, the chemical index was 950 points, unchanged from yesterday, 32.14% lower than the cycle’s highest point of 1400 points (2021-10-23), and 58.86% higher than the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present)

Analysts of LiFePO4 from the business community believe that the LiFePO4 market will maintain a stable and strong operation.

At the beginning of November, the domestic EVA market trend continued to be weak, and the price fell. According to the data monitoring of the business community, the average ex factory price of domestic EVA was 19066.67 yuan/ton on October 30, and 18733.33 yuan/ton on November 5. The range of increase and decrease within the week was – 1.75%, and – 17.35% compared with the same period last year.

At the beginning of November, the domestic EVA market undertook the early weak market. At present, there is almost no good support on the market. On the supply side, the ex factory price of petrochemical enterprises has fallen, and the total domestic inventory position has risen; In terms of demand, there is no obvious change in the demand for photovoltaic materials. The demand for foaming materials is poor. The downstream multi-dimensional companies need to purchase rigid materials. The market trading atmosphere is light. In the early stage, the supply of goods for auction fell sharply, which brought obvious pressure to the market, and affected the current merchants’ pessimism. At present, the offer on the market is chaotic, and there are many recessions in the detailed discussion of actual orders, and the price follows the weakening.

To sum up, the current market is affected by multiple bad news. The ex factory price of petrochemical enterprises is falling, the follow-up of terminal demand is insufficient, the downstream is cautious, the follow-up of just needed replenishment is lagging behind, and the market trading atmosphere is cold. It is expected that the domestic EVA market will remain weak in the short term, and the price is still likely to decline.

According to the monitoring data of the business community, the average market price of soda ash will be about 2650 yuan/ton on November 2, 2022, and the price will remain relatively stable from September 2022. However, compared with the same period in 2021, the price of 3687.5 yuan/ton fell by 28.14%.

It can be seen from the annual comparison chart of soda ash that the price of soda ash in 2021 will be at a high level in the fourth quarter, of which the highest price will be about 3687.5 yuan/ton on November 6, 2021, which will run at a high level.

From the monthly K column chart of soda ash, it can be seen that in 2021, soda ash will rise in many years, with an increase of 34.05% in September. In 2022, the largest increase in soda ash will be 20% in February. Since March, the amplitude of soda ash has generally narrowed, mainly due to the weak supply and demand pattern.

In terms of supply, the supply of soda ash is loose. Some data show that the inventory of 1.8 million tons at the beginning of 2022. Although the total inventory of soda ash enterprises is 317000 tons, which has been kept low from the second half of the year, the soda ash industry will have about 1.2 million tons of new capacity from the end of this year to the first quarter of next year. Under the pattern of loose supply and demand, the price focus of soda ash will gradually move down.

From the perspective of demand, the terminal impact of the real estate is still relatively low, and there is no warming phenomenon. The demand for downstream float glass is general. It can be seen from the above figure that the price of glass will go down all the way in 2022. The average market price at the beginning of the year is 24.87 yuan/ton, and the average market price at the beginning of November is 19.73 yuan/ton, down 20.67%. The price of glass remained low and did not improve significantly.

According to the analysts of the business community, the overall starting level of soda ash supply is about 90%, the supply is relatively stable, and the operation of downstream float glass manufacturers has not improved significantly. The domestic real estate market is weak, the price of float glass has fallen for several consecutive months, and most of them are purchased on demand, with a strong wait-and-see attitude. It is estimated that the price of soda ash will still be adjusted slightly, depending on the downstream market demand.