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[Industry Focus]:New trends in the bisphenol A market: raw material acetone rose, downstream demand is difficult to boost

Recently, the bisphenol A market has experienced a series of fluctuations, the raw material market, downstream demand and regional supply and demand differences in the role of market trends.

1. Raw Material Market Dynamics

1. Phenol market horizontal volatility

yesterday, the domestic phenol market maintained a sideways volatility, and the negotiated price of phenol in East China remained in the range of 7850-7900 yuan/ton. The market atmosphere is relatively flat, the holders take the strategy of following the market to promote the offer, and the end of the enterprise's procurement needs are mainly based on just need.

2. The acetone market rose in a narrow range.

Unlike the phenol market, the East China acetone market showed a narrow upward trend yesterday. The market negotiation price reference is around 5850-5900 yuan/ton, the mentality of the holders is stable, and the offer is gradually moving closer to the high end. The centralized upward adjustment of petrochemical enterprises has also brought some support to the market. Although the purchasing strength of terminal enterprises is average, the firm offer transaction is still carried out in small orders.

2. Bisphenol A Market Overview

1. Price trend

yesterday, domestic bisphenol A in stock price shocks down. The mainstream negotiation price range in East China is 9550-9700 yuan/ton, and the average price is 25 yuan/ton lower than the previous trading day; prices in other regions such as North China, Shandong and Huangshan have also declined to varying degrees, with a decline of 50-Between 75 yuan/ton.

双酚A市场价格.jpg

双酚A市场价格走势.jpg

2. Supply and demand situation

the supply and demand situation of bisphenol A market presents the characteristics of regional imbalance. Oversupply in some regions has led to increased willingness of shippers to ship and downward pressure on prices, while in other regions prices are relatively firm due to tight supply. In addition, the lack of favorable downstream demand is also one of the important reasons for the downward market volatility.

3. downstream market reaction

1. Epoxy Resin Market

yesterday, the domestic epoxy resin market to maintain high volatility. Affected by the tight in stock of raw materials ECH, the cost support of epoxy resin is still stable. However, the downstream resistance to high-priced resin is strong, resulting in a light trading atmosphere in the market, the actual single delivery volume is insufficient. In spite of this, some epoxy resin companies still insist on a firm offer, and the market is hard to find at low prices.

2. PC market weak shock

compared with the epoxy resin market, the domestic PC market yesterday showed a weak trend of shock finishing. Affected by the fundamentals difficult to say good and the lack of significant improvement in post-holiday trading, the industry's willingness to ship with the line increased. South China fell after the consolidation of the main, East China is the overall weak operation. Although some domestic PC factories have raised their ex-factory prices, the in stock market as a whole is still weak.

4. market forecast

based on the current market dynamics and changes in the upstream and downstream industrial chain, it is expected that the bisphenol A market will maintain a narrow and weak operating trend in the short term. The slowdown in the volatility of the raw material market and the lack of favorable support for downstream demand will jointly act on the market trend. At the same time, the imbalance between supply and demand in different regions will continue to affect market prices.

Source: Longzhong Information
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