SunSirs--China Commodity Data Group

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SunSirs: Supply Is Still Tight and Bisphenol A Market Is Running at a High Level

November 25 2020 13:23:35     SunSirs (John)

The bisphenol A market at the opening of the new week continued to decline to 18,200-18,300 RMB/ton. On the 24th, domestic mainstream factories raised their unified offer to 18,500 RMB/ton. Coupled with the limited supply of goods in the market, the industry has a positive attitude. In particular, the holders of high-priced inventories were not made low orders, and the offers followed up. The mainstream offers of the holders on the market are mostly 18,500-18,600 RMB/ton.

In terms of raw materials, the phenol and acetone markets performed well on the 24th. The acetone market opened at 9,300 RMB/ton in the morning, while the phenol market continued to rise. The market offer range was 6,550-6,600 RMB/ton. From the perspective of raw materials, BPA is profitable.

At present, the downstream resistance is still serious, but the liquid resin market is still at 30,000 RMB/ton, and the market is at a high level to support the upstream. SunSirs expects bisphenol A will fluctuate in short term.

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