The domestic bisphenol A market first rose and then fell, with price fluctuations in the East China region ranging from 8350-8500 yuan/ton.
sulphamic acid |
At the beginning of the week, the bisphenol A market fluctuated and rose, with no inventory pressure on production enterprises in East China. However, the good times did not last long, the market fundamentals weakened, cost support was insufficient, downstream resin and PC replenishment enthusiasm decreased, inquiries became weak, and the pressure on traders to ship increased. In addition, Shandong’s 180000 tons/year sales officially started mid week, with an increase in supply and a clear bearish atmosphere on site. The focus of negotiations is mainly on a bearish trend.
The downstream epoxy resin market is running lightly, the market lacks information guidance, the factory listing price remains stable, the downstream just needs to follow up, and the turnover is very little. The mainstream negotiations of East China liquid resin and Mount Huangshan solid resin are both 13200-13600 yuan/ton, the spot market is weak, and the short-term confidence of the industry is obviously insufficient.
The supply side is expected to increase, the demand side is lukewarm, and the cost side phenol ketone market is also showing a continued downward trend. From the perspective of Business Society, the focus of the bisphenol A market is expected to continue to decline.
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