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[Industry Focus]：Bisphenol A market differentiation intensifies: East China prices, other regions generally decline.

Read： 591 Time：2months ago Source：Longzhong Information

Changes in gross profit and capacity utilization in the 1. industry

this week, although the average gross profit of the bisphenol A industry is still in the negative range, it has improved from last week. The average gross profit was -1023 yuan/ton, an increase of 47 yuan/ton from the previous month, an increase of 4.39. This change is mainly due to the relatively stable average cost of products (10943 yuan/ton), while the market price fluctuates less. At the same time, the capacity utilization rate of domestic bisphenol A plants increased significantly to 71.97, an increase of 5.69 percentage points from last week, indicating an increase in industry production activities. Based on a capacity base of 5.931 million tons, this increase reflects the increased supply capacity of the market.

国内双酚A市场走势图.jpg

2. in stock market trend differentiation

this week, the bisphenol A in stock market showed obvious regional differentiation characteristics. Although the main manufacturers in the East China market tried to stand up the price, the actual transaction in the market was mainly to digest the previous contract, and the price showed a negative trend. As of Thursday's close, the mainstream negotiation price range was 9800-10000 yuan/ton, which was lower than that of last Thursday. In other regions, such as Shandong, North China, Huangshan and other places, affected by weak demand and market mentality, prices generally fell by 50-100 yuan/ton, and the overall market atmosphere was weak.

Comparison of national and regional market prices in 3.

This week, the national average price of bisphenol A was 9863 yuan/ton, down 0.11 percent from the previous month. Specific to the regional market, East China was relatively resilient, with the average price rising by 15 yuan/ton to 9920 yuan/ton, but only 0.15 percent, while North China, Shandong, Huangshan and other places fell to varying degrees, falling between 0.10 and 0.30 percent, showing differences in regional markets.

双酚A全国及区域市场价格对比.jpg

Analysis of Influencing Factors of 4. Market

increased capacity utilization: This week, the capacity utilization rate of bisphenol A reached about 72%, further enhancing the market supply capacity and putting pressure on prices.
International crude oil plummeted: The sharp drop in international crude oil prices not only affected the overall mentality of the petrochemical industry chain, but also directly affected the price trend of phenol, acetone and other raw materials, which in turn adversely affected the cost support of bisphenol A.
Downstream demand is weak: downstream epoxy resin and PC industry losses or close to break-even, the purchase demand for bisphenol A to remain cautious, resulting in light market transactions.

Market forecast and outlook for next week in 5.

Looking forward to next week, with the restart of the maintenance device and the stabilization of production, the domestic supply of bisphenol A is expected to increase further. However, the downstream industry load fluctuation space is limited, the procurement of raw materials is expected to maintain the level of just demand. At the same time, the raw material end phenol, acetone market or will be transferred to the shock pattern, for bisphenol A to provide a certain cost support. However, considering the overall weakening of the current market mentality, it is necessary to pay close attention to the production and sales of the main manufacturers and the fluctuations in the upstream and downstream markets next week. It is expected that the market will show a narrow and weak market.

Source: Longzhong Information

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