Bisphenol A market bottoming out

Since the beginning of this month, the domestic bisphenol A market has undergone considerable adjustments for a period of time and has finally stopped falling and rebounding, showing signs of recovering. The market's long-term accumulation of energy in the doldrums has taken advantage of the recovery of the downstream polycarbonate market to steadily regain lost ground.

In early November, the price of bisphenol A continued its downward trend in the previous period, and the short-term decline in the impact of low-priced goods fell rapidly. The low-end transaction price of the market fell to 17,200 yuan (t price, the same below); but after mid-November, Under the situation that the buyer’s inquiries and purchases increased, the market atmosphere quickly warmed up, merchants’ intention to ship was gradually restored to 17,500 yuan, and the market’s extreme low prices gradually disappeared. The domestic bisphenol A market entered a transition from downturn to upswing. At present, the mainstream price in East China is 17700-17900 yuan, and the mainstream transaction price is 17500-17700 yuan.

The industry believes that the continuous decline of the bisphenol A market is related to the excessive social resources, the decline in the operating rate of downstream polycarbonate units and the soaring of epichlorohydrin related products. However, this round of adjustment is obviously overdone. Due to the cost upside down, when the price is below 17,500 yuan, the business deficit will be as large as 1,000 yuan. Basically, it may be considered that it has bottomed out. This is the price that once fell to 17,200 yuan last week, it can immediately return 17,500 yuan. The main reason for the platform.

Currently, the main factors for the domestic BPA market are positive: First, the price market has bottomed out, and the upward trend that has just emerged has been consistently sought by merchants and manufacturers. It has also been understood by the downstream and will continue to move forward with inertia. Second, there are several sets of recent The equipment will be discontinued, including 16,000 tons/year of Wuxi resin and 90,000 tons/year of equipment in South Asia, Taiwan, China, for one month or more, and 130,000 tons/year of equipment in South Asia, Taiwan, China. The third part is that some downstream companies resumed their work and their spending power will be improved. The end-of-sales and downstream development of the internal market played a good supporting role in the external market of BPA, making it show a pick-up momentum; while the recovery of the external disk will support the internal disk, and the two complement each other and interact with each other, which is also not possible. Ignored positive factors. In short, the domestic bisphenol A market will enter the track of gradual upward adjustment, but in view of factors such as abundant market resources, its price rebound rate and speed will be flat.