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"Golden Nine Silver Ten" Bisphenol A Market Second Sharp Fall
Since September, bisphenol A has entered a decline, from tepid to hard to find. The market has dropped slightly to a sharp decline, and the whole September has ended in a sharp decline.
National Day, during the holiday crude oil rose sharply, resulting in pure benzene and other raw materials rose sharply, raw material phenol/acetone rose sharply, supported by the cost side, bisphenol A against the trend, the market price from 22167 yuan/ton quickly rose to 24200 yuan/ton;
However, with the lack of downstream follow-up, with the commissioning of new devices and the continuous decline in East China's auction, the market has entered a crazy decline. Up to now, the domestic mainstream market has dropped to 20200 yuan/ton, the factory's Lihuayi offer has implemented 20200 yuan/ton, and the latest auction price on the 26th has reached 19500 yuan/ton.
Related products ECH skyrocketed, bisphenol A fell to take back costs
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ECH skyrocketed in September. Affected by "double control", some devices fell negative and stopped. The overall operating rate of the market declined, and the shortage of goods increased. The "double festival" was approaching. Due to the demand for stock in the previous orders, the market quotation rose sharply. As the price rose to a high level, the downstream just needed to follow up passively. As ECH continues to rise and squeeze bisphenol A space, the bearish atmosphere in the market is increasing, middlemen actively follow up on shipments, and the decline continues to increase every Wednesday under the guidance of the bidding price of East China and Zhejiang Petrochemical Company. By the close of the market on the 30th, some traders have said that they will no longer offer, falling nearly 1,000 yuan a day, and the market price is 22167 yuan/ton. Raw material ECH skyrocketing makes the cost of epoxy resin increased sharply, cost pull under the epoxy resin had to report high, but bisphenol A had to call back to profit part of the cost space.
New units put into operation, downstream PC start-up load fell
After the National Day, crude oil rose sharply during the holiday, resulting in a sharp rise in raw materials such as pure benzene and a sharp rise in raw materials such as phenol/acetone. Supported by the cost side, bisphenol A rose against the trend, and the market price rose rapidly from 22167 yuan/ton to 24200 yuan/ton. However, with the lack of downstream follow-up, accompanied by the production of Tianjin Zhongsha plant, the starting load of downstream PC plant decreased, and the market entered a crazy decline, up to now, the domestic mainstream market has dropped to 20200 yuan/ton. The factory's Lihuayi offer has been implemented at 20200 yuan/ton, and the latest auction price has reached 19500 yuan/ton on the 26th.
Downstream Epoxy Resin and PC Unit Operation Rate Declines
Under the influence of "double control", chemical enterprises are under full pressure, epichlorohydrin and epoxy resin factories are also forced to drop negative production, the reduction in operating rate is bound to reduce the expectation of raw material demand, the cost is greatly higher, the downstream follow-up speed is far less than the upward space of raw materials, the profit space is under pressure, the factory just needs small single purchase, the bisphenol A holder is unstable, and actively allows profits to ship, the associated product ECH and downstream demand double kill, bisphenol A accelerated decline.
Domestic factories cut prices, accelerating bisphenol A market decline
the end of September raw material phenol and acetone market fell, domestic factories concentrated on reducing the listing price of phenol and acetone, raw material support fell again, bisphenol A as a dual raw material downstream products together. After a short-term rise in the raw material side phenol ketone market in October, it continued to fall. On the 27th, the acetone factory issued a bill of 200 yuan/ton, and the market followed the downward trend. Up to now, the acetone market in East China has been quoted to 6400 yuan/ton, and the phenol market in East China has been quoted to 9600 yuan/ton.
At the end of October, Nantong Xingchen and Changchun chemical plants in major domestic factories completed maintenance one after another. A 120,000-ton/year bisphenol A plant in Tianjin Zhongsha was in operation. Another new plant, Pingmei Shenma 130,000-ton/year plant, is scheduled to be put into trial operation in the near future, and domestic supply is expected to increase in the future. However, during the same period, the downstream epoxy resin market from the cost surface pressure under the operating rate is difficult to fluctuate, the continuation of the order-based just-in-demand procurement, PC-side industry operating rate or will continue to maintain a low level, there is no recent device resumption plan. As far as the current situation is concerned, the bisphenol A market may continue to bottom out in November.
Source: Business Club
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