Price trend

After the holiday, the domestic bisphenol A market continued to decline. According to the Commodity Analysis System of SunSirs, the mainstream market quotation for bisphenol A on October 8th was between 11,000-11,250 RMB/ton, a decrease of 200-300 RMB/ton compared to that before the holiday.

Analysis review

The domestic market for bisphenol A had poor trading volume, the news was relatively bearish, downstream procurement was limited, and traders' shipments were hindered. The proactive offer was not high, and most of it is based on actual orders.

Cost side was 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 8,850-9,000 RMB/ton, and traders were under great pressure and continuously made profit-cutting to 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 7,300-7,450 RMB/ton in the East China Acetone market. There were few news sources, and downstream restocking intentions were average. As of October 9th, there was a shortage of dual raw material trading, mainly with a weak adjustment and operation.

The downstream market was sluggish and difficult to improve. The domestic epoxy resin market had experienced a narrow decline, and there was a lack of guidance on the scarcity of actual orders after the holiday. With the decline of raw material bisphenol A, epoxy resin manufacturers were on the market, and traders negotiated based on actual orders. The mainstream negotiated price for liquid resin in East China was between 14,500 to 15,000 RMB/ton for water purification. Downstream PC market was not good, with a narrow decline. East China injection molding grade mid to high-end materials were negotiated at 17,500 to 18,400 RMB/ton, with a PC enterprise in Shandong dropping 700 RMB/ton compared to before the holiday. Fundamentals were intertwined with bearish sentiment, mainly with shipments being the main offer. Under a bearish mentality, market trading was clearly insufficient

Market outlook

The cost support for the continuous decline of dual raw materials was insufficient, and downstream demand follow-up was very cautious. The actual order volume was insufficient, and the focus of bisphenol A was weak. Although Changchun Chemical was about to shut down for maintenance on October 10th, the spot supply chain in East China had decreased, but the impact on the market was not significant. It is expected that the market for bisphenol A will be weakly consolidated and focus on the raw material end and factory production and sales situation.

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