After the holiday, the domestic bisphenol A market continued to decline. According to the Commodity Analysis System of Business Society, the mainstream market quotation for bisphenol A on October 8th was between 11000-11250 yuan/ton, a decrease of 200-300 yuan/ton compared to before the holiday.
The domestic market for bisphenol A has poor trading volume, with limited news coverage, limited downstream procurement, and traders’ shipments being hindered. The proactive offer is not high, and most of the orders are based on actual orders. Quotation situation of bisphenol A in the mainstream domestic market:
Cost side bearish. During the holiday period, international crude oil plummeted significantly, which was bearish for downstream products. After the holiday, both phenol and acetone, the dual raw materials, continued to decline, and the phenol market continued to be sluggish. The reference price in the East China market was 8850-9000 yuan/ton, and traders were under great pressure to continuously sell out. As factory quotations were lowered, the market’s participation in procurement decreased due to the inversion. After the holiday, acetone saw a narrow decline, with the reference price of 7300-7450 yuan/ton at the East China Acetone Mall. There were few news sources, and downstream restocking intentions were average. Currently, there is a shortage of dual raw material trading, resulting in weak adjustment and operation.
The downstream market is sluggish and difficult to improve. The domestic epoxy resin market has experienced a narrow decline, and there is a lack of guidance on the scarcity of actual orders after the holiday. With the decline of raw material bisphenol A, epoxy resin manufacturers are on the market, and traders can negotiate based on actual orders. The mainstream negotiated price for liquid resin in East China is between 14500 to 15000 yuan/ton for water purification. Downstream PC market is not good, with a narrow decline. East China injection molding grade mid to high-end materials are discussed at 17500 to 18400 yuan/ton, with a PC enterprise in Shandong dropping 700 yuan/ton compared to before the holiday. Fundamentals are intertwined with bearish sentiment, with shipments being the main offer. Under a bearish mentality, market trading is clearly insufficient.
The cost support for the continuous decline of dual raw materials is insufficient, and downstream demand follow-up is very cautious. The actual order volume is insufficient, and the focus of bisphenol A is weak. Although Changchun Chemical is about to shut down for maintenance tomorrow, the spot supply chain in East China has decreased, but the impact on the market is not significant. Expected weak consolidation of bisphenol A, focusing on the raw material end and factory production and sales situation.
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