Price trend
The bisphenol A market continued to fall. Except Lihuayi Weiyuan maintained an offer of 14,500 RMB/ton, other factories had suspended their offers, and the overall operating rate remained at 85%. Near the end of the month, the opening market this week was deserted. Active offers from the market were limited. Downstream buying was still dominated by wait-and-see. Near the end of the month, the opening market this week was deserted. Active offers in the market were limited. Downstream buying was still dominated by wait-and-see, sporadic transactions were dominated by rigid orders, and both the upstream and downstream markets were showing a downward trend, which had a negative impact on BISPHENOL A. The decline of BISPHENOL A is difficult to change under the substantial profit margins of cargo merchants. According to the monitoring data of SunSirs, the current market offers in East China and North China are at 13,500 RMB/ton, and there is still room for real orders.
In terms of raw materials, the stalemate in the phenol market was difficult to change. The overall market negotiation was still at 6,350 RMB/ton. There was little pressure on the supply side. The port inventory was close to 20,000 tons. Holders had no intention to sell at a significant low price, and Yangzhou Shiyou had suspended sales. And under the pressure of cost, holders still maintained firm offers, but the participation of the terminal was still not good, and the atmosphere of discussion in the market was insufficient. Another raw material, acetone, continued to fall, and on the 28th, Sinopec North China continued to reduce 350 RMB/ton to 7,200 RMB/ton. Towards the end of the month, the acetone market was in a significant downward trend. The supply was 6,850-7,200 RMB/ton. With the mentality of buying up and not buying down, the terminal purchasing sentiment was sluggish and there were few inquiries.
At present, the downstream liquid resin market has fallen significantly, which is also the main reason for the sharp decline in the current bisphenol A market. The price of liquid epoxy resin has dropped from nearly 28,000 RMB/ton to 21,500 RMB/ton in one month, and there are more low price. In the approaching year, the operating rate of factories dropped significantly, the bisphenol A market fell sharply, and the sharp drop in raw materials caused downstream costs to lose support. At present, the factory has sufficient inventory. Under the situation that the supply is not tight and the terminal demand is declining, SunSirs expects that the short-term bisphenol A will continue to fall. The market price this week is 13,000 RMB/ton.
