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[Industry Focus]：The market of bisphenol A finally stopped falling and stabilized, nearly "cutting back" compared with the same period last year"

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Recently, the domestic market of bisphenol A has continued to weaken, and the price center of gravity has been declining, falling below 15000 yuan/ton -14000 yuan/ton -13000 yuan/ton -12000 yuan/ton. However, on the afternoon of July 11, a petrochemical enterprise in East China's bisphenol A bid rose several rounds to boost the mentality of the operators, and the market decline slowed down., bisphenol A bid stopped falling by noon on July 12, the market price of bisphenol A in East China is 1700-11800 yuan/ton, which is 10700 yuan/ton different from the market price of 22400-22500 yuan/ton in East China in the same period last year, down 47.7% from the same period last year, almost "halved", 5000 yuan/ton different from the market price of 16700-16800 yuan/ton in East China at the beginning of this year, down 29.9%

, as the price of raw materials stopped falling and stabilized, the domestic PC market also suspended its decline and showed a warming trend. Yesterday morning, sporadic factory prices rose 200 yuan/ton, Zhejiang Petrochemical several rounds of price increases, up 700 yuan/ton from last week.

中国PC装置动态.jpg

At present, the main factories have reduced production and raised prices. Most factories have followed steadily. Zhejiang factories have bid for price increases, which have to some extent supported the PC market to stop falling and stabilize. However, the downstream demand situation is still relatively general, and the raw materials are still weak. The operators are cautious and hardly optimistic. It is expected that the domestic PC market will operate in a low and narrow range in the near future.

another tour, the price of epoxy resin in East China liquid fell by about 500 yuan/ton on Monday, and then stabilized simultaneously yesterday. The latest reference price was around 18000 yuan/ton. Huangshan solid market remained basically stable, with prices unchanged from last week. The latest reference price is 16,500-17,000 yuan/ton. At present, mainstream factories are cautious about the market, most do not take the initiative to quote:

Kunshan South Asia 248,000 Ton/year plant partially stopped production, epoxy resin E-51 temporarily not quoted, a single discussion;
Changchun Chemical 100,000 Ton/year plant is about 50%, and the epoxy resin E-51 will not be quoted for the time being.
Yangnong Jinhu 170,000-ton/year plant will reduce negative operation, and the epoxy resin E-51 will not be quoted for the time being.
reduce negative operation, epoxy resin E-51 will not be quoted for the time being;
Jiangsu Sanmu 200,000-ton/year plant is about 40%, and the epoxy resin E-51 will not be quoted for the time being. A single discussion is made.
Hongchang Electronics 155,000-ton/year plant is in normal operation, and the epoxy resin E-51 is newly reported to be delivered to the 19000 yuan/ton barrel.
Baling Petrochemical Company is in normal operation, and the epoxy resin E-51 will not be quoted for the time being.

Generally speaking, the epoxy resin industry chain is only in a state of stopping the decline, and the upstream and downstream are still in the game. When most downstream and traders believe that the market bottoming is formed, the market volume will inevitably increase, which in turn will drive the industrial chain upward. The current supply side is relatively stable, and whether the bisphenol A market can take a turn for the better, we still need to pay attention to the demand side to follow up.

Source: Baichuan Yingfu, Epoxy Resin and Application

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