SunSirs: The Domestic Bisphenol A Market Continued to Rise
August 17 2023 09:27:17 SunSirs (John)
Price trend
The domestic bisphenol A market continued to be strong and rising, with good supply support. There was not much pressure on factories to ship, and the offer was firm. According to the Commodity Analysis System of SunSirs, the mainstream market offer for bisphenol A was between 10,650 and 10,750 RMB/ton.
Analysis review
The domestic bisphenol A market was on the rise. Mainstream factories mainly delivered pre contract orders, with limited circulation of resources to the market and low shipping pressure. Traders were actively raising their prices with factories.
The early rise of dual raw materials was significant, and there was still positive support from the cost side. The East China phenol market was negotiated at 8,150-8,200 RMB/ton, while the East China acetone market was negotiated at 6,800-6,850 RMB/ton. The majority of transactions on the market were small orders, with no pressure on supply, strong factories, and the market was mainly adjusted in a range.
The two major downstream demand markets showed good growth, with the PC market experiencing a significant surge, especially with a significant increase in imported goods. Zhejiang enterprises had traded at a premium, and the downstream wait-and-see atmosphere had increased. Negotiations for injection grade high-end materials in East China ranged from 17,000 to 17,700 RMB/ton. Downstream epoxy resin saw a slight upward trend, supported by cost side support, with a strong market offer and limited demand for new downstream orders. The transaction was not optimistic, and the liquid resin market in East China quoted a price of 14,000-14,500 RMB/ton for water purification, which remained stable in the short term. If raw materials become loose, there may be a downward trend.
Market outlook
SunSirs believes that the supply side pressure was not high, with some support for raw materials but a decrease in profitability. Downstream still followed up on demand, and traders had little enthusiasm for operation. In the short term, bisphenol A will fluctuate at high levels, and attention should be paid to the situation of raw materials and downstream demand. The mainstream negotiation price is between 10,650-10,750 RMB/ton.
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