Since February, the bisphenol A market has continued to decline and entered a downturn. Although the raw materials have continued to rise, the low demand of bisphenol A market has hardly changed. On February 1, the market negotiated at 10275 yuan/ton, and on February 16, the market negotiated 9700-9900 yuan/ton, and the market fell 3.04%. Under the game of market supply and demand and cost, it is difficult to break the situation.

Low demand is the main factor that makes it difficult to improve the bisphenol A market

It can be seen from the bisphenol A industry chain diagram that the downstream is mainly epoxy resin and PC products, and the supporting enterprises are mostly self-use. Although the operating rate of epoxy resin and PC in the downstream has increased significantly, and the consumption of bisphenol A has increased, the demand side of epoxy resin and PC is insufficient, and the market is in a continuous downturn, with fewer terminal purchase orders. In addition, it is difficult to maintain contracts for the digestion of raw materials, and it is difficult to have outsourcing plans, and the demand side is difficult to support bisphenol A.

The double raw material phenol/acetone continued to rise, and the falling space of bisphenol A narrowed under the pressure of cost.

The raw phenol continues to rise. Affected by the relatively small number of port arrivals and the shortage of port stocks and the expected improvement of exports, the phenol market performance is strong, and the factory has repeatedly raised the listing price under the pressure of cost. On the 16th, Sinopec East China phenol listing price was again raised by 100 to implement 8150 yuan/ton, and the reference of the East China market was 8100-8150 yuan/ton. Although the market transaction was flat after the terminal demand just needed to follow up, the export and the latest arrival of the port were delayed to March and other news, The phenol market remains high in the short term. Acetone, another important raw material, continued to rise. On the one hand, the external market rose and the export was expected to improve. On the other hand, the downstream products were profitable and acceptable for high-priced raw materials. In February, the acetone market in East China continued to rise. The domestic acetone market was quoted at 5195 yuan/ton on February 2 and 5587 yuan/ton on February 16, up 7.56%. Sinopec North China continued to raise 200 yuan/ton to 5650-5700 yuan/ton on February 16. The short-term acetone market remained high and firm.

The supply is sufficient, and the pressure on traders to ship goods increases.

At present, the operating rate of bisphenol A industry is between 80% and 90%. In addition, there are many new capacity before, and under the high operating rate, the supply of bisphenol A spot market is sufficient. Most of the two main downstream of bisphenol A are supporting devices. Under the situation of terminal downturn, the downstream mostly digested the limited amount of contracted off-contract production, and it is difficult to have demand for the market flow of goods. Under the pressure of traders’ shipment, there is a real intention of continuous yield.

From the perspective of the business community, under the downturn of market demand, in the game of cost and supply and demand, the recent bisphenol A market is difficult to break. The raw material phenol/acetone continues to rise, the cost of bisphenol A plant is online and offline, and the market focus has stopped falling in the short term, while the demand side is difficult to be stimulated by good news. It is expected that bisphenol A will fluctuate with a high probability around the cost, and will continue to pay attention to the raw material market situation and downstream demand information in the later stage.