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[Industry Focus]：Bisphenol A market rose strongly, the future trend?

Read： 264 Time：1weeks ago Source：Epoxy resin exchange and trading, PC polycarbonate industry chain

Market Overview

the bisphenol A industry has attracted widespread attention this week. From the perspective of gross profit performance, the industry's average gross profit was -787 yuan/ton, which was narrower than last week's loss of 60 yuan/ton, and the gross profit margin increased by 7.08. This is mainly due to the average cost of products controlled at 10047 yuan/ton (refer to the East China market price).

国内双酚A市场走势图.jpg

Capacity Utilization and Plant Dynamics

the capacity utilization rate of domestic bisphenol A plants was 67.02 this week, down 0.8 percentage points from the previous week. This change is mainly due to the slight reduction of the load of the bisphenol A plant in Zhejiang Petrochemical Company, while other plants remain relatively stable. Although capacity utilization has declined, the overall magnitude is small, indicating the stability of the industry's operations.

market price trend

this week, the bisphenol A market showed a continuous upward trend. Mainstream Market in East China bisphenol A Price it reached 9,300-9,400 yuan/ton, up 150 yuan/ton or 1.63 percent from last Thursday. Market prices in other regions have also risen to varying degrees. Specifically, the national average price reached 9173 yuan/ton, up 162 yuan/ton from last week, or 1.80 per cent. Among them, prices in East China, North China, Shandong and Huangshan rose by 130 yuan/ton, 170 yuan/ton, 160 yuan/ton and 185 yuan/ton respectively, up 1.42 percent, 1.90 percent, 1.80 percent and 2.05 percent respectively.

Market impact factors

this week, the rise in the bisphenol A market was mainly driven by the cost and supply side. On the one hand, the price of raw material phenol fluctuated lower, and the price of acetone also fluctuated in a narrow range, which eased the cost pressure of bisphenol A. On the other hand, the manufacturers have no inventory pressure for the time being, the manufacturers' collective willingness to raise prices is obvious, and the middlemen also follow the market, so the market quotation is rising. In addition, the downstream is affected by the sentiment of buying up and not buying down, and the overall trading is active, which also promotes the rise of market prices.

Price Adjustment and Market Dynamics

recently, a number of bisphenol A manufacturers have raised the price of their products. For example, Nantong Xingchen Synthetic Materials Co., Ltd. has a 150000-ton/year bisphenol A plant operating rate of about 70%. The products are mainly supplied to downstream epoxy resin and long-term customers, and a small amount of in stock are quoted at 9500 yuan/ton. The first phase of the 240000-ton/year plant load of Jiangsu Ruiheng New Materials is about 80%, and the second phase of the plant continues to stop. Bisphenol A products are mainly supplied to downstream epoxy resin and contract customers, with limited sales outside the in stock, and the ex-factory quotation is raised to 9450 yuan/ton. Due to the shortage of raw materials, Changchun Chemical has a 405000-ton/year bisphenol A plant load of about 70%. The products are supplied to downstream epoxy resin and contract customers, and the ex-factory quotation is also raised to 9500 yuan/ton.

After the market outlook

looking ahead to next week, the bisphenol A load is expected to increase in a narrow range, and the downstream PC load may pick up. At the same time, the dual raw material cost pressure of downstream products such as epoxy resin is increasing, but the overall load fluctuation is limited. As the price of bisphenol A continues to rise, the market is gradually cautious. Therefore, it is expected that the bisphenol A market will run high and narrow range next week. In addition, the continuous increase in upstream raw material prices has also had an impact on the PC in stock market. The ex-factory prices of domestic PC factories are stable or increased by 100-200 yuan/ton.

Source: Process Industry, Chemical Online, Chemical Ease World

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