Since the end of September, the bisphenol A market has been declining and continues to decline. In November, the domestic bisphenol A market continued to weaken, but the decline slowed down. As the price gradually approaches the cost line and the market attention increases, some middlemen and downstream users gradually enter the market for query, and the bisphenol A holders gradually slow down. The market negotiation price on August 8 was 11875 yuan/ton, down 9.44% from the first day, and the market report was 1648 yuan/ton (the highest point in the second half of the year), down 28% from September 28.
In the near future, two downstream digestion contracts dominate, with limited new purchases. The overall operating rate of downstream epoxy resin and PC is about 50%, which is mainly a multi digestion contract. In November, the epoxy resin market continued to decline. Under the influence of many adverse factors, it was difficult for the market to hear the truth. The atmosphere is pessimistic, mainly sporadic small orders. As of August 8, the East China liquid epoxy resin negotiation was about 16000-16600 yuan/ton of purified water, while the Huangshan solid epoxy resin negotiation was about 15600-16200 yuan/ton. PC wait-and-see ended. This week, the factory continued to fall by 300-1000 yuan/ton, and the three rounds of Zhejiang Petrochemical auction fell by 300 yuan/ton compared with last week. However, considering the comprehensive cost factors, it is unlikely to continue to fall sharply. As of August 8, the negotiation of medium and high-end materials in East China was 16800-18500 yuan/ton.
The rise and fall of raw material market are different, and the continuous downturn of phenol is difficult to support BPA. The phenol market across the country continues to weaken. Sinopec’s phenol quotation in East China is 9500 yuan/ton, and the negotiation prices in the main mainstream markets also fall to varying degrees. The market terminal buying is not good, and the holders are under great pressure to ship, which is expected to remain weak in the short term. The reference price in East China market is 9350-9450 yuan/ton. Affected by the sudden decline of Hong Kong’s inventory and tight supply, the market stopped falling and rose sharply this week. The negotiation in East China is 5900-6000 yuan/ton. Due to limited supply, the holder is unwilling to sell, the quotation is strong, the subsequent purchase of small terminal orders slows down, short-term acetone is strong, and long-term attention is paid to new products.
Although the bisphenol A market continues to decline, the market price has gradually approached the cost line, and the decline has slowed down. Recently, two production lines of Changchun Chemical Bisphenol A equipment were maintained, and Nantong Star and South Asia Plastics were shut down for maintenance. The overall operating rate was close to 60%, and the supply surface was also tightened. However, there was no obvious cost support on the raw material side, and the two downstream areas were still in a continuous downturn, with no change trend. It is expected that the short-term bisphenol A market will be weak, focusing on the impact of downstream demand and on-site news.

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