Welcome to the CHEMWIN
Trading Time : 09:30-17:00 GMT+8
Customer Service line : +86 400-9692-206
(09:30-18:00 GMT+8)
Inquire NowRead: 434 Time:19months ago Source:
Since 2023, the recovery of end consumption has been slow and downstream demand has been inadequate. In the first quarter, the new production capacity of bisphenol A was put into operation by 440000 tons, highlighting the contradiction between supply and demand in the bisphenol A market. Raw material phenol rise and fall repeatedly, the overall center of gravity decreased, but the decline is less than that of bisphenol A. Therefore, the loss of bisphenol A industry has become the norm, and the cost pressure of manufacturers is obvious.
since March, the bisphenol A market has repeatedly risen and fallen, but the overall market price fluctuation range is limited, between 9250-9800 yuan/ton. After April 18, bisphenol A market atmosphere "suddenly" improved, downstream market inquiries increased, bisphenol A market light situation was broken.
on April 25, the bisphenol A market in East China continued to be strong, and the domestic bisphenol A market rose. The in stock supply in the market was tightened, and the market was pushed on the market. People in the market just needed to make inquiries. They discussed and followed up cautiously on demand. The short-term market was running at a high price, and the market quotation continued to rise to 10,000-10,100 yuan/ton!
at present, the overall capacity utilization rate of bisphenol A in China is about 70%, which is about 11 percentage points lower than that in early March. Since March, the load of Sinopec Mitsui and Nantong Xingchen plants has dropped, Cangzhou Dahua plant has been shut down, and the utilization rate of bisphenol A production capacity has dropped to about 75%. Huizhou Zhongxin and Yanhua Polycarbon stopped for maintenance at the end of March and the beginning of April, and the utilization rate of bisphenol A capacity further dropped to about 70%. Manufacturers mainly use their products and supply long-term customers, in stock sales decreased. At the same time, with the downstream sporadic need to replenish, in stock volume gradually consumed.
since mid-to-late April, in view of the domestic supply and import replenishment of bisphenol A, as well as the start-up of epoxy resin and PC, the daily production demand of bisphenol A has gradually transitioned to balance under the background of destocking in April. Since February, the profit margin of bisphenol A in stock has been thin, the participation of middlemen has declined, and the inventory of trade products has declined. At present, there are not many in stock resources in the bisphenol A market, and the holders are unwilling to sell the goods, so the intention to push up is relatively high.
on the downstream side, since 2023, the recovery of downstream terminal demand has been much lower than expected, and the center of gravity of epoxy resin and PC market has also been weak and volatile. Bisphenol A is mainly to maintain the contract consumption, a few just need to buy at the right price. in stock order volume is limited. At present, the operating rate of epoxy resin industry is about 50%, and that of PC is about 70%. Recently, bisphenol A and related products ECH synchronous rise, the overall cost of epoxy resin rise, the market center of gravity narrow rise. But before the May Day PC downstream stocking operations are few, the industry supply and demand pressure still exists. Moreover, the raw material bisphenol A continues to rise strongly, the contradiction between supply and demand confronts the cost pressure, the industry is mainly stable and wait-and-see, the downstream just needs to purchase insufficient, and the firm offer is scarce.
near the end of the month, the holders of goods shipments without pressure, cost pressure still exists, the holders have a strong intention to push up. Although the downstream chase is more cautious, mainly just need to purchase, but the market is difficult to find low prices, the center of gravity of the bisphenol a market to high. BPA is expected to continue to fluctuate strongly, watching downstream demand follow-up.
source: eighth element plastic version
* Disclaimer: the content contained in the Internet, WeChat public number and other public channels, we maintain a neutral attitude to the views in the article. This article is for reference only, exchange. The copyright of the reprinted manuscript belongs to the original author and organization. If there is infringement, please contact the customer service of Huayi World to delete it.
2024 Polycarbonate PC Industry Market Event
Acrylonitrile price shocks down, when can the imbalance between supply and demand be solved?
New trends in the bisphenol A market: raw material acetone rose, downstream demand is difficult to boost
With a total investment of 1.024 billion yuan, Sinochem Dongda (Quanzhou) Polyether Polyol Signed
Epoxy resin market after the National Day, the price rise can be sustained?
Total investment 1.5 billion, Hebei Jinbang new materials 80000 tons of epoxy resin project accelerated
Quick Response
Customer service is available 24/7 for extremely fast response
Exclusive Services
Dedicated consultant 1 to 1 service
Massive Resources
Connecting resources upstream and downstream
Technology Advanced
Technology Information Service
Transaction Security
Merchant authentication and risk control model
One-stop service
Trading logistics warehouse-style services