SunSirs: The Domestic Bisphenol A Market Stalled On October 22
October 23 2020 14:12:10 SunSirs (John)
On the 22nd, the domestic BISPHENOL A market entered a stalemate. Generally speaking, the mainstream offers in East China and North China were both at 12,600-12,700 RMB/ton, but the circulation was very limited towards the end of the month, and the holders had a high price sentiment. However, there was very little terminal buying. At present, the factory is adjusted to 13,000 RMB/ton.
In terms of raw materials, both the phenol and acetone markets have entered a downward phase, and the decline has been significant. Although the theoretical value of cost has declined, the negative for the industry chain has increased; in addition, the current bisphenol A market is operating at a high level, and the theoretical profit is greater than 3,000 RMB/ton, it is quite profitable from the perspective of raw materials.
From the downstream point of view, the PC market has risen sharply, and the epoxy resin industry is also at a high level. The news is good for the raw material bisphenol A, but the operating rate of the downstream industry has declined, and the demand for raw materials has decreased theoretically.
Looking back at the previous period, the bisphenol A market rose to 12,800 RMB/ton. The downstream conflicts are obvious, and the current market is close to high level. SunSirs estimates that the bisphenol A market will be 12,400-12,700 RMB/ton.
If you have any questions, please feel free to contact SunSirs with suooort@sunsirs.com.
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