SunSirs: Crude Oil Fell during the Holiday, and Bisphenol A Mainly Be Consolidated in the Short Term
October 07 2023 09:43:51 SunSirs (John)
Price trend
Before the holiday, the domestic bisphenol A market was weaker, with fewer participants and a light market atmosphere. According to the Commodity Analysis System of SunSirs, the mainstream market quotation for bisphenol A was between 11,250-11,500 RMB/ton.
Analysis review
Before the holiday, bisphenol A weakened and adjusted after a decline. Under the strong support of dual raw materials and the sharp decrease in downstream procurement, the market atmosphere before the holiday was weakened. Before the holiday, the raw material end phenol was quoted at a negotiated price of 9,300 to 9,400 RMB/ton in the East China market, while acetone was negotiated at 7,550 RMB/ton in the East China market. After the holiday, there was a short-term narrow adjustment. Downstream epoxy resin saw a narrow decline and the market was weak, with the East China liquid epoxy resin market ranging from 14,800 to 15,200 RMB/ton
During the holiday period, international crude oil plummeted significantly, which had a negative impact on downstream products. The post holiday trend is currently unclear.
Market outlook
Pay attention to the trend of dual raw material phenol and acetone, the production and sales situation of the main factories of bisphenol A, and the changes in operating rates of the two downstream epoxy resins and PC terminals. SunSirs predicts that there is a high probability of market consolidation for bisphenol A in the short term.
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