Recently, the price of bisphenol A rebounded upward from the low level. Although the two downstream factories start to improve, epoxy resin start rate of nearly 50%, PC start rate of 60% above, but the bisphenol A to maintain the contract consumption or inventory management, a small number of small single just need to enter the market for procurement, bisphenol A spot market transaction capacity is insufficient, negotiation center of gravity has been difficult to get a boost.

Although the price of upstream phenol ketones fluctuate, but the cost of BPA has little impact on the market. As the market price fell to a low level, the impact of the low willingness of the stockholders gradually began to weaken, coupled with the management of the enterprise backlog inventory gradually developed and consumed, the market low replenishment opportunities less, intermediaries intentions to increase the price. However, the demand side has not been an obvious improvement, bisphenol A into a dilemma in the face of the situation, as of August 3, East China’s economic market bisphenol A mainstream products offer between 11,800-12,000 yuan / ton, the mainstream to maintain the ability to negotiate between 11,800-11,900 yuan / ton.

Bisphenol A August overall development analysis:

Supply side: August domestic bisphenol A production for the estimated value of 194,000 tons, compared with July 184,600 tons between the increase of 0.94 million tons, or 5.09%. Although the overall start rate of bisphenol A within seventy percent, and in mid to late August two sets of devices planned to overhaul, and Cangzhou Dahua 200,000 tons / year bisphenol A has been put on trial at the end of July, is expected to August out of the product, coupled with the Zhejiang Petrochemical Phase II, Ping coal Shenma device restart after the load gradually stabilized, Huizhou Zhongxin recently restart plans, the domestic supply will increase compared to July; imports, taking into account multiple factors, more Maintain the contract take mainly, the import volume is more stable. Therefore, the domestic supply of BPA will increase slightly in August.

Demand side: At present, the downstream epoxy resin start load is close to fifty percent, in August there are part of the work device to raise negative and new devices put into operation trial, another important downstream PC overall engineering start load in 60% slightly, August part of the control device system restart or raise negative, the two downstream August overall enterprise start load will be a small increase. Although the current two downstream are to maintain a contract consumption of bisphenol A business-oriented, a small amount of just need to enter the market for procurement, spot trading is light, but the overall consumption of bisphenol A problems show a growing trend.

Profit side: since July, pure benzene with the frequent fluctuations in crude oil, upstream phenone is also affected by the cost and demand analysis of the market up and down repeatedly, BPA cost management fluctuations in the development of limited industry enterprise gross profit fluctuations within 1000, the overall economy is relatively flat. Considering the cost margins, BPA market prices reached a lower level of price resistance, so BPA holders are less willing to reduce prices.

August BPA market supply grew slightly, hedging the economic growth of downstream companies’ consumption, and the overall service supply and demand structure changed more peacefully. And upstream phenol ketone repeatedly fluctuate, the overall space in August changes are small, BPA cost pressure support still exists, concern about the two domestic device system in the middle and end of the year after the successive maintenance of the market economy supply and demand news fluctuations in the development.

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