After the festival, bisphenol a changed its previous trend and entered the decline mode, with a decline of 7.87% for two consecutive weeks. According to the monitoring of the business community, the average offer of bisphenol A was 22620 yuan / ton on June 15, and it was 20800-20900 yuan / ton as of June 24, with a decline of nearly 2000 yuan / ton in eight working days after the festival. On Wednesday, the bidding price of a factory’s sub brand reached 20800 yuan / ton. I heard that there were few participating enterprises and the market demand was weird. Under the pressure of the goods holder, the offer continued to fall. Nevertheless, under the mentality of buying up but not buying down, the purchase demand was even less, and the market empty offer gradually declined. Recently, the operation of the factory has not changed much, and the market consolidation is stable around 80%.
From the perspective of raw material side, the phenol market was stable this week, and the market negotiation was in a stalemate. The negotiation reached 9050 yuan / ton. The overall change after the festival was not big. The port inventory was relatively stable, and the pressure on the supply side was not big. However, the downstream delivery was low. The carrier expected that it would be difficult to push up the market, the overall atmosphere was not warm, and it was difficult to put in large quantities. On the other hand, the market of acetone, a raw material, has declined significantly. It can be said that the market of acetone has stepped into an accelerated downward trend since May. The offer of East China market was 8150 yuan / ton on May 1, and 4800 yuan / ton on June 24, with a decrease of 41%. The main reasons are that the manufacturer’s inventory is high, the port has a large supply source, the supply side is under great pressure, and the terminal enterprises have limited replenishment and insufficient active inquiry, The real order is limited. The operating rate of phenol and ketone industry has been maintained at a high level, with an average of about 90%.
Acetone market trend in East China
Trend of phenol Market in China
The downstream liquid epoxy resin continued to be in the doldrums. In recent years, the downward trend was obvious following the trend of raw materials. The East China liquid epoxy resin negotiation dropped to 26000-27000 yuan / ton, and the solid epoxy resin negotiation reached 25000 yuan / ton. The decline of epoxy resin market was mainly affected by the overall decline of dual raw materials. The decline of bisphenol A was obvious, the cost support was unfavorable, and the manufacturers were under great pressure to ship, On the other hand, the downstream is not optimistic about the future, the mentality of the yard is under pressure, the factories are generally short of orders, and the boilers in the park are recovering. The short-term epoxy resin industry is difficult to say good, the market transaction surface is insufficient.
According to the business community, it is mainly constrained by the sluggish terminal demand market. The bearish attitude of the cargo holders is serious. The short-term bisphenol a market is still showing a downward trend. It is expected that the downstream of the industrial chain will also show a downward trend in the short term. The overall order of the epoxy resin industry is insufficient, and the market transaction is not optimistic. The PC end factory mainly digests the contract, and the market transaction is hard to say good. The Business Association expects the market of bisphenol A to continue its downward trend in the short term.
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