The Bisphenol A Market Goes Up Broadly/the Ring Chlorine Market Runs Weakly

On November 16, the bisphenol A market rose broadly. Although a petrochemical bid for 15,600 CNY/ton in East China ended yesterday, the mentality of holders was under pressure. However, some factories resumed their offer to 17,500 CNY/ton in the morning. The bisphenol A market counterattacked overnight. The market closed yesterday with a strong boosting atmosphere. The prices are both high and low. The market offer this morning is still unclear. Traders' offers are mostly above 17,000 CNY/ton, but downstream and terminal markets are cautious to catch up, and the downstream epoxy resin market continues to fall. In the afternoon, East China bisphenol A traders mostly offered orders at around RMB 17,300-17,500/ton, and pay close attention to the actual order situation in the short term.

On November 16, the market price was 16,800 CNY/ton. As of November 16, the average price of epichlorohydrin companies was 1,966.67 CNY/ton, which was 1.82% lower than the price last Friday (November 12). Compared with October 16, the price dropped by 5.87%, and increased by 38.88% year-on-year in a three-month cycle.

The epichlorohydrin market has fallen recently. Recently, the price of raw material propylene has weakened steadily, the cost side is generally supported, the price of raw glycerin is high, the cost pressure is obvious, the downstream operation is not enthusiasm, and the cautious wait-and-see atmosphere is strong. Lack of confidence, and the focus of negotiations has fallen.

Upstream propylene, on November 15, the reference price of propylene was 7897.33, a decrease of 0.11% compared with the price on November 12, and a decrease of 3.4% compared with the price on November 1 (8175.50).

Downstream epoxy resin, on November 15, the liquid epoxy resin market in East China weakened and adjusted, and the negotiated offer was 30,500-31,000 yuan per ton. Weak adjustments in the dual-material market range. Among them, the raw material bisphenol A was offered at 16,000 CNY/ton, which was supported by a bearish cost.

To sum up, the current cost support of the propylene method is loose, and the cost pressure of the glycerin method is obvious, but the demand side support is temporarily weak. It is expected that the epichlorohydrin market may sort out the weak game in the short term, and more need to pay attention to market news guidance.