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SunSirs: Trading Was Thin, and the Bisphenol A Market Fell within a Narrow Range

October 29 2020 13:50:34     SunSirs (John)

Towards the end of the month, the domestic bisphenol A market was difficult to maintain the price, and the market offers were often loose. Holders followed the market. There were many low prices in the market. The negotiation reference was about 12,500 RMB/ton. The downstream buying atmosphere was cold and hard to change, with very few transactions. At present, the factory is adjusted to 13,000 RMB/ton. The reference offer range for the domestic market is 12,500 RMB/ton, and some markets also have lower prices.

In terms of raw materials, both the phenol and acetone markets were not optimistic. After a narrow decline, the market entered a stalemate near the end of the month, but there was still a hidden decline in actual transactions. Taking East China as an example, the negotiated price of phenol was 5,450 RMB/ton, and the terminal demand was the main one; the negotiated price of acetone was 6,700-6,800 RMB/ton, and there were many replenishments in the downstream, but the offer price was not optimistic, and the holders’ mentality was under pressure, there was no shortage of low-cost shipments in the market. Although the theoretical value of cost has declined, it has a negative impact on the industry chain; in addition, the current bisphenol A market is operating at a high level, with a theoretical profit of more than 3,000 RMB/ton, which is quite profitable from the perspective of raw materials.

From the downstream point of view, epoxy resin continues to be at a high level. The negotiation reference is at 21,500 RMB/ton. Many factories have suspended offers; the epoxy resin industry continues to be high. The news is good for the raw material bisphenol A, but the operating rate of downstream industries has declined, and the demand for raw materials has decreased theoretically.

At the end of the month, the spot resources in the market are relatively limited. Many small and medium-sized traders have no inventory, and a few stockholders offer firm offers due to cost pressure. The downstream wait-and-see is obvious, and the business community expects the bisphenol A market to be 12450-12600 RMB/ton.

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