The Bisphenol A Market Fluctuated Repeatedly in November, And Still Needs to Be Cautious in December

In November, the domestic bisphenol A market fluctuated repeatedly and fluctuated more frequently. According to monitoring data, the domestic bisphenol A market offer was 18,500 CNY/ton on November 1st, and the domestic bisphenol A offer was 16875 CNY/ton on November 30, a decrease of 8.75% within the month, of which November 3 was The lowest point of the month was offered at 15,800 CNY/ton, and the fluctuations were relatively frequent in November. As of press time, the mainstream market in East China is offered at 16,700 CNY/ton, and the mainstream in North China is offered at 16,700 CNY/ton.

As can be seen in the figure, the "Golden Nine and Silver Ten" BPA market fell broadly. According to the monitoring data of the business agency, the BPA commodity index on November 30 was 161.78, which was higher than the highest point in the cycle of 283.19 points (2021-04- 16) A decrease of 42.87%, an increase of 124.41% from the lowest point of 72.09 on April 06, 2020. (Note: Period refers to 2020-03-01 to present)

In the first half of the year, the downstream industries entered the market negatively, and the sentiment of the middlemen to give profits increased. The first auction at the beginning of the month ended at 17,200 CNY/ton. The negative atmosphere in the market intensified. The bisphenol A market fell from 18,500 CNY/ton to 15,800 on three days. CNY/ton, the short-term decline was large, and the downstream replenishment sentiment increased. Intermediaries participated actively. The market quickly stopped falling and adjusted. After the six rounds of bidding in East China, it rose to 16,700 CNY/ton, market confidence increased, and the short-term market pushed up again. To nearly 18,000 CNY/ton, but after a short replenishment, on-site trading shrank, the new round of auction fell to 15,500 CNY/ton, and the market fell rapidly.

After mid-to-late, market confidence was significantly frustrated. The bidding price did not improve many times. At the end of the month, the bidding remained at 15,000 CNY/ton. The domestic bisphenol A factory offered a strong market, and the factory's offer was 17,000 CNY/ton. The on-site trader reported The plate is at 16,700 CNY/ton and lasts until the end of the month.

From the upstream perspective, the phenol and acetone markets fell mainly in November. The domestic acetone market fell sharply. According to the monitoring data of the business agency, taking the market offer in East China as an example, the offer on the East China market was 6400 CNY/ton on November 1 and the offer on November 30 was 5550 CNY/ton. In November, the overall volatility and decline were in operation. The overall market fell by 13.28%. From the perspective of the national market, as of the end of the month, East China had negotiated to 5550 CNY/ton, Shandong and Yanshan surrounding areas were offered at 5675 CNY/ton, and southern China was offered at 5650 CNY/ton. The phenol market fell into a downturn in November. Due to demand constraints, the phenol market has been weakly adjusted in the mid to late period. According to the monitoring data of the business agency, on November 1st, the national average price of phenol was 9580 CNY/ton, and on November 30th it was 9212 CNY/ton, a decrease of 3.84% during the month. As of the end of the month, the major mainstream market offers are as follows : East China offers at 9,200 CNY/ton, Shandong and Yanshan surrounding areas offer at 9,200-9250 CNY/ton, and southern China offers at 9,200 CNY/ton.

From the downstream market, epoxy resin is greatly affected by the cost side, and the decline is mainly within the month. Up to now, the liquid resin market in East China has offered 27500-28000 CNY/ton, and the solid resin market has fallen to 22000-22500 CNY/ton. From the PC side, the overall domestic PC market is weak and the main operation is strong. There is a strong wait-and-see atmosphere and lack of follow-up demand. The wait-and-see atmosphere is strong. Good support is general. The mainstream price is around 25,000 CNY/ton. The quoted price dropped slightly this week and the supply is currently normal. , The logistics is smooth, the device operating rate is normal, and the manufacturers are actively willing to ship.

The domestic supply of bisphenol A is expected to increase in December, and the start of new equipment is worthy of attention. From the demand side, the trend of PC side in December has a greater impact on bisphenol A. As the proportion of downstream PC products of bisphenol A increases, the demand is The impact on the raw material market has increased. Another important downstream epoxy resin is expected to have little fluctuations in the overall start-up, and the market will adjust closely to the raw material end. Business analysts believe that the bisphenol A market was cautious in December, and the range was mainly organized and operated. Market fluctuations were mainly affected by domestic factory conditions, auctions, and changes in downstream demand.