Price trend

The domestic bisphenol A market has been in a continuous downturn. Since March, the market price has fluctuated between 9,400-9,800 RMB/ton, and traders have been actively offering less and less. As of the 22nd, the mainstream market price was between 9,400-9,550 RMB/ton, with actual orders being negotiated primarily.

Analysis review

From the perspective of supply and demand, traders' market participation was limited, and there was a single discussion for one real order. The downstream market continued to be weak, with limited new orders, and a large purchase intention for raw material bisphenol A, mainly with small orders.

From the perspective of cost, the dual raw materials had become increasingly stable after rising. The phenol market in East China was negotiated at 7,400-7,500 RMB/ton, while the acetone market in East China was negotiated at around 5,900 RMB/ton. Due to the limited supply of imported resources and the long-term sluggish demand game, traders were under great pressure to ship goods, they lowered prices to sell and the market confidence was insufficient.

Market outlook

With both upstream and downstream markets currently weak, market pessimism has increased, and the current market news is lacking. In the short term, bisphenol A may continue to be weaker, with a focus on downstream demand.

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