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SunSirs: Rubber and Plastics: Domestic Bisphenol A Market is Weak With low Negotiation Focus

November 28 2019 08:57:15     SunSirs (Daisy)

1. Price Trend

According to the data from SunSirs, On November 27, the average price of bisphenol A is 9,833.33 RMB per ton. The downstream purchase based on exact demand. The transaction volume is average, and the price negotiation focuses on low-level.

2. Market Analysis

Products: The domestic bisphenol A market maintains a weak operation. At the end of the month, some manufacturers are actively shipping outbound, sacrificing profits to take orders. The inventory level is limited and the focus of negotiations continues to decline. Till November 27, Lihua Yiweiyuan LLC’s bisphenol A is quoted at 9,500 RMB/ton. The bisphenol A market in East China is weak and volatile, following up with sluggish demand, at 9,500 RMB/ton. Price in South China is 10,000 RMB/ton and in North China is 9,500 RMB/ton.

Industry chain: The overall start-up of downstream Epoxy factories is insufficient, and the downstream PC (polycarbonate) is weakly volatile in the short-term. These two downstream procure raw material based on exact needs. The domestic bisphenol units are operating normally. The supply and demand is quite sluggish, indicating that it is less likely for market to rebound in the short term. However, the price of upstream—acetone has risen rapidly with cost support.

3. Market Forecasting

SunSirs' bisphenol A analyst believes that the short-term market of bisphenol A is mainly volatile.

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