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).
| PVA |
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.
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