SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Soaring into the Sky, Bisphenol A Soared Continuously in November

November 11 2020 13:32:16     SunSirs (John)

Entering November, the bisphenol A market has continued to rise, especially after only two working days this week, some factories have raised a cumulative increase of 1,300-1,500 RMB/ton. The market also followed closely. Last weekend’s offer was still at 13,500 RMB/ton, this week’s opening rose by 1,000 RMB/ton, and the next working day rose by 500-800 RMB/ton. As of the 10th, the mainstream offers in the national market were all at 15,400-15,600 RMB/ton, and the atmosphere in the market was good. The holders had a positive attitude and were still optimistic about the market outlook. According to the monitoring data of SunSirs, the bisphenol A market was offered at 12,600 RMB/ton on November 1 and the bisphenol A market was offered at 15,440 RMB/ton on November 10, a cumulative increase of 22.54% in 10 days.

The boom in bisphenol A is inseparable from the favorable pull of the downstream epoxy resin industry. It is reported that the domestic epoxy resin market has risen sharply in November, especially in the liquid resin aspect. According to the monitoring of SunSirs, in November, the factories were mostly closed and not reported, and the spot on the market was also scarce, so it was difficult to obtain the actual price. The current negotiated price of liquid resin is 28,500-30,000 RMB/ton. It is understood that the current liquid resin price has reached its peak in the past three years, and there is still a continuing upward trend. In terms of factories, the factory offers in October are still 21,000-22,000 RMB/ton. At the end of October, most of the factories have been closed, mainly for order production. It is understood that the current sporadic offers of some factories were also 28,000-30,000 RMB/ton. PC, another important downstream product, was mostly affected by the sharp rise in raw materials, with outstanding performance and a significant increase.

The rise of bisphenol A is not obvious from the cost support of the raw materials. On the contrary, the raw materials have also picked up due to the upward trend of bisphenol A, but the increase is not optimistic. In terms of raw materials, the market for phenol and acetone has not risen much. Take East China as an example. The overall upward direction is about 200 RMB/ton. The negotiation reference is 5,600-5,700 RMB/ton. Low-end prices are almost non-existent, and the enthusiasm of terminal acceptance has recovered; acetone negotiates at 7,300-7,450 RMB/ton, and there is more replenishment downstream, but the transaction is normal after the replenishment in the early period. The current cost increase is not large, and the support from the cost side is not strong. On the contrary, from the raw material side, the bisphenol A plant is very profitable.

From SunSirs’ point of view, the current supply in East China and North China is very tight, and with the continuous sharp increase in the factory, some holders are obviously reluctant to sell. In the morning, they cover more orders but do not report. The downstream orders are better and the holders have a better attitude. SunSirs predicts that the bisphenol A market will continue to be quoted at 15,500-16,000 RMB/ton.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Energy
Chemical
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products