Lack of favorable bisphenol A market shocks

Since the end of last week, the domestic market of bisphenol A began to recover, and the focus of the talks shifted downwards. Up to now, the East China Market has consulted and discussed in the vicinity of 17000-17200 yuan/ton, and the petrochemical industry in the Huangshan area has shown a firmer trend. I heard that some of the import sources have recently arrived in Hong Kong. Market participants have been cautious in their attitudes, quotations have continued to decline, and prices have fallen.

**: Supply in Asia remains at a high level, but demand is still weak, which cannot keep up with the growth in the supply of goods. In the current situation of flat market conditions, the high external disk has little impact on the domestic market. Domestic market The trend was light at the beginning of the week, and the market had a strong intention to ship the goods. The East China started to trade some big ones yesterday and the transaction price was low. Although the market has some confidence in confidence, the market’s positive stimulus is limited, coupled with the current hydrogenation of benzene. Due to the influence of the market and some non-standard product markets, the mentality is somewhat confused. It is expected that the market this week will be maintained at 6550-6800 yuan/ton.

Phenolic ketone: The domestic phenol market continued to be weak, East China Phenol Market was consulted at around RMB14,300/tonne, and the downstream maintained low load under cost pressure. The procurement enthusiasm was sluggish, waiting for the market to fall further, and the overall market turnover was deserted; domestic ** The market showed a weak consolidation, the port market was 6200-6300 yuan / ton, the supply of low prices has been reduced, market participants have clearly differentiated mentality of the market outlook, mainstream dealers in the wait-and-see atmosphere under the small single shipments, operating performance cautious, some businesses said Under the pressure of late arrivals, the market is facing higher resistance.

In the downstream market, domestic Epoxy Resin prices dominate, the raw material market continues to be weak, and most of the quotes from resin factories are firm. However, actual negotiations have been loosened, and downstream purchases are limited. Manufacturers take slow shipments. Market participants are cautious about the outlook and are interested in raw material purchasing. Downturn, partial production cuts or parking. Solid epoxy E-12 (604 #) mainstream quoted 21500-22000 yuan / ton, reference to discuss 21200-21500 yuan / ton, liquid epoxy E-51 (618 #) mainstream quote 24500-25000 yuan / ton, the mainstream Reference negotiation price 24000-24500 yuan / ton, part of the price above or below the range.

External disk market: Spot supply is still tight, and foreign producers' quotations are still firm at US$2,000/tonne or slightly higher. However, the downturn in downstream demand has caused importers to be cautious in their attitudes, and there is little interest in placing orders. Near-sea goods: suppliers quoted in 1950 -US$2,000/tonne, reference consultation near 1920-1950 US dollars/ton.

Market outlook: In summary, the weak raw material market continued, the external disk loosened, the downstream demand continued to slump, coupled with the recent rumors of imported sources of goods, bearish pressure, market conditions continue to oscillate downward trend, it is recommended that market players cautiously wait and see.