Following the sideways consolidation in the first week of September, the bisphenol a market fell broadly in the second week. In particular, the bidding price of a petrochemical enterprise in Zhonghua East fell to 27400 yuan / ton, down 400 yuan / ton month on month. The negative atmosphere in the market increased, and the offer of the holder followed the downward trend. On the one hand, the purchase of raw materials in downstream factories was mainly contract supply, and other just needed replenishment. On the other hand, the spot resources in the market were still tight, The offer went down to 27400 yuan / ton, the trading entered a stalemate, and the trading in the market was cold. According to the monitoring data of business society, the average offer of East China market was 28160 yuan / ton on September 1, and the offer of East China market fell to 27440 yuan / ton on September 10, with an average decline of 500-600 yuan / ton in major markets. As can be seen from the market trend of bisphenol A in East China in the figure below, bisphenol A did not rise again under the golden nine after running at a high level for half a month, and turned around and fell due to demand. The overall decline since September was 2.14%
In terms of factories, Lihua yiweiyuan and Nantong Xingchen started construction in 80%. Bisphenol A units such as Sinopec Mitsubishi and Changchun chemical are operating at full capacity. In mid September, Changchun chemical plans to overhaul 270000 ton units for 45 days. The spot supply in the market is expected to be reduced. At present, the maintenance supply of units in South Korea and Taiwan is expected to be reduced, and the supply chain in terms of import will also be reduced, At present, the carrier’s willingness to make a substantial profit for shipment is not strong. At present, the production of domestic factories is mainly contract, and the offer is mostly suspended. The guiding price of Lihua yiweiyuan is 27500 yuan / ton.
From the raw material side, the phenol market rose narrowly. According to the monitoring data of business agency, the national market was quoted at 9225 yuan / ton on September 1 and 9487 yuan / ton on September 10, an increase of 2.85%. At present, the mainstream offer in the East China market is 9450 yuan / ton, the offer in Shandong and surrounding areas of Yanshan is 9400-9450 yuan / ton, and the offer in the mainstream areas of South China is about 9650 yuan / ton. The short-term holder’s willingness to support the price is still strong and has no intention to transfer profits, but the downstream participation is relatively cautious. The business society expects the high-level consolidation operation of phenol in the short term, and the negotiation reference in East China is 9400-9450 yuan / ton.
Phenol national market trend
On the other hand, acetone, the raw material, has continued its upward trend since September, and the negotiation reference is 6400-6500 yuan / ton. However, in the afternoon of the last working day of the week, the acetone market trading slowed down, and the pressure center of gravity of the cargo holders fell significantly. East China made an offer to 6350 yuan / ton. On the whole, the major markets rose significantly in September. According to the monitoring data of the business society, the acetone market in the mainstream regions of China was quoted at 6350 yuan / ton on September 1, and 6562 yuan / ton on September 11, with an overall increase of 3.52%. So far, the acetone market in East China is quoted at 6350 yuan / ton, that in Shandong and Yanshan surrounding regions is quoted at 6500 yuan / ton, and that in South China is between 6800-6900 yuan / ton.
Acetone market trend in mainstream areas of China
The high level of the downstream liquid epoxy resin market has dropped significantly. Due to poor downstream demand and loose raw materials, the market has declined significantly. Up to now, the mainstream negotiation of liquid resin in East China has been delivered in barrels of 34200-34800 yuan / ton, and the market offer of solid resin in Shandong and Huangshan is 30500 yuan / ton, with little fluctuation. In terms of the industry, on the edge of loss, in the face of difficulties in the downstream transfer of high priced raw materials, the terminal is obviously in conflict, and the market transaction is cold. In addition, the downstream PC won by high priced raw materials, the downstream acceptance is limited, the factory operating rate has decreased significantly, and even some manufacturers have stopped. At present, the operating rate is less than 50%, and there are few orders outside the contract in the market.
From the perspective of business society, the trend of bisphenol a market is weakening. In the short term, bisphenol a market is difficult to have positive support. However, at present, the external price of bisphenol A is high, and the domestic short-term spot supply is still tight. Traders are accompanying with offers. The supply of goods in their hands is limited, and the holders’ willingness to lower their prices is still not great. They will continue to pay attention to the transactions of SINOPEC enterprises next week, The business community expects the BPA market to be weak in the short term.
| Thiourea |