Experts believe that the main reason for the slow increase of domestic bisphenol A market is the decline in Asia's bisphenol A operating rate, the reduction in domestic imports, the relative increase in demand for downstream epoxy resins, and the rational operation of market parties.
At present, the mainstream transaction price of bisphenol A in the East China market is 10,700 to 10,800 yuan (ton price, the same below), which is about 300 to 400 yuan higher than the previous period. Market sentiment is further showing signs of improvement; the mainstream transaction price in the North China market is 10,800 to 11,000 yuan. Compared with the previous period, it rose by about 200 yuan, and it took more smoothly, and traders also had the intention to increase their quotation.
At present, the import market BPA is relatively rare. The 100,000-ton/year plant in South Asia in the Taiwan region of China is still in a parking state, and it is expected that production will resume until December; Taiwan’s Changchun 135,000-ton/year plant only maintains a 50% operating rate; Korea’s Kumho 150,000-ton/year plant starts The rate is maintained at 80%, and the manufacturers plan to cut production for one month; South Korea's LG Chemical's 120,000 tons/year plant will reduce the operating rate to about 70% from December; Mitsubishi Chemical's 120,000 tons/year plant is scheduled to resume production in mid-December. Japan's Mitsui Chemicals' 90,000-ton/year plant will start to stop for maintenance for one month in December.
At the same time, the domestic production of bisphenol A also declined, and the offer was raised. According to statistics from the China Epoxy Resin Industry Association, the 16,000-ton/year plant of Bluestar Wuxi Resin Plant had been stopped for a period of 3 months in advance on Nov. 28, and the transaction price of its products was 11,000 to 11,500 yuan, which was lower than 11,000 yuan does not consider shipping; Tianjin Shuangfu company equipment due to fault emergency shutdown and maintenance has returned to normal after 1 day, the current device is running at full capacity, the factory price has slightly increased to 11,000 yuan.
The third quarter is the off-season of chemical production, especially during this period when it was the era of light sales of epoxy resins. However, although the overall domestic epoxy resin industry's operating rate has declined, some leading enterprises in the industry, such as Lanxing New Materials Wuxi Resin Factory, have not faded in the off-season. Epoxy resin production is still booming, because a large part of orders come from international market.
Industry insiders expect that as the global epoxy resin manufacturing center accelerates its transfer to China, more and more foreign investors will purchase epoxy resin in China, which will bring business opportunities to domestic companies.
Decline in Asia's operating rate led to a decrease in domestic imports and a slow recovery in the bisphenol A market
The recent domestic market price of bisphenol A slightly higher, although the volume is not large, but such a rebound at the end of the year is already good.