SunSirs: Under Cost Support, the Bisphenol A Market Was Upward after the Holiday

Price trend

After the Spring Festival, the domestic bisphenol A market has risen due to the significant increase in raw materials phenol and acetone. According to the Commodity Analysis System of SunSirs, the domestic bisphenol A market was quoted between 9,750-9,950 RMB/ton on February 20th.

Analysis review

Cost support was strong. The raw material phenol continued to rise after the holiday. According to the analysis system of SunSirs, the market price on February 17th was 7,582 RMB/ton, and the national market average price on February 20th was 8,062 RMB/ton, an increase of 6.33%. The upward trend was mainly due to the impact of the upstream pure benzene rise during the holiday. The increase in acetone, another raw material, was also quite significant, rising from 7,190 RMB/ton before the holiday to a nationwide average of 7,370 RMB/ton on the 20th, an increase of 2.5%. As the high level of pure benzene fell, the phenol/acetone was adjusted in a range, and coupled with weather conditions, the trading atmosphere had slowed down.

The two downstream products had not changed much, and the market had slightly increased. The downstream epoxy resin market was mainly affected by the raw material bisphenol A. The quotation of liquid epoxy resin market in East China rose 100-300 RMB/ton to 13,000-13,300 RMB/ton, and the negotiated price of Mount Huangshan solid epoxy resin market was 13,000-13,200 RMB/ton. Another major downstream PC market was mainly wait-and-see. After the holiday, PC factories had successively announced the latest price adjustments, with an increase of 20-30 RMB/ton compared to before the holiday, and a small number of factories in Shandong had increased by 200 RMB/ton. From the actual market transactions, the increase in market prices was mainly affected by factory price adjustments, and overall demand for procurement was limited. The mainstream negotiated prices for injection grade high-end materials in East China were between 15,800-16,800 RMB/ton.

Market outlook

SunSirs predicts that the upward trend of bisphenol A after the holiday was mainly supported by costs. As the rise in raw material prices slowes down, the cost support for bisphenol A will weaken. After a period of replenishment in the downstream, demand will decline. It is expected that bisphenol A will continue to operate within a certain range in the short term, with a focus on upstream fluctuations and price adjustments for bisphenol A factories.

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