Bisphenol a market in East China continued to decline this week, with a significant decline. According to the monitoring data of business agency, the market negotiation near the weekend was close to 20000 yuan / ton, with a decline of more than 20% this week. The overall performance of bisphenol a market this week was extremely poor. Although the shippers continued to reduce their offers, there were few market inquiries, and the daily market low prices emerged one after another. Rumors of low prices continued to affect the market mentality. In the middle of the week, Changchun chemical reduced 5000 yuan / ton and implemented 22000 yuan / ton, which increased the negative factors. Transaction situation is even worse, the mentality is seriously frustrated, short-term hard to say good.
From the perspective of raw material side, the phenol market was very stable this week, reaching 9350-9400 yuan / ton. The Hong Kong Inventory declined towards the weekend. Although the cargo holders intended to push up the market, the participation in the terminal market was not high, the wait-and-see sentiment increased, and the closing market was weak at the weekend. This week, the acetone market showed an obvious decline. According to the monitoring data of the business agency, the acetone factory in East China fell by 15.64%, while the market situation fell by 6.6%. Therefore, the factory adjustment range this week was relatively large, and the market continued the previous decline trend. The offer rebounded slightly near the weekend, and the negotiation range was 5500-5700 yuan / ton.
Acetone market trend in East China
Trend of phenol Market in China
The downstream liquid epoxy resin continued to be in the doldrums, and the weakness was obvious this week. The East China liquid epoxy resin negotiation dropped to 28000-29000 yuan / ton, and the solid epoxy resin negotiation reached 25500 yuan / ton. The decline of epoxy resin market was mainly affected by the overall decline of dual raw materials. The decline of bisphenol A was obvious, the cost support was unfavorable, and the manufacturers were under great pressure to ship, The short-term decline is limited. New orders at the terminal are mostly discussed in a single way, while the factory suspends the offer and mainly discusses the actual orders. The short-term epoxy resin industry is difficult to say good, the market transaction surface is insufficient.
In the view of the business community, on the one hand, due to the depressed terminal demand market, the bearish attitude of the cargo holders is serious. Under the influence of the mentality of buying up but not buying down, the terminal’s wait-and-see mood for raw materials increases. On the other hand, the cost side fell, and after the name of the bulk market, the chemical industry as a whole showed a downward trend, the bad news under the industrial chain was diffuse, and the market mentality was seriously frustrated. The business community expected that the short-term bisphenol a market would continue to decline, and the offer of East China market was about 20000 yuan / ton.
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