1、 Market Overview

Last Friday, the overall chemical market showed a stable but weakening trend, especially with a significant decrease in trading activity in the raw material phenol and acetone markets, and prices showing a bearish trend. At the same time, downstream products such as epoxy resin are affected by upstream raw material ECH, resulting in a narrow upward trend in prices, while the polycarbonate (PC) market continues to maintain a weak and volatile pattern. The spot market transaction of bisphenol A is relatively weak, and manufacturers often adopt a strategy of following the market for shipment.

2、 Market dynamics of bisphenol A

Last Friday, the domestic spot market price of bisphenol A fluctuated in a narrow range. The market prices in East China, North China, Shandong and Mount Huangshan all fluctuated slightly, but the overall decline was small. As the weekend and National Day holiday approach, the pace of market trading has further slowed down, and manufacturers and intermediaries have become more cautious in their shipments, adopting a flexible approach to respond to market changes. The further weakening of the raw material phenol ketone market has also intensified the pessimistic sentiment in the bisphenol A market.

3、 Production and sales dynamics and supply and demand analysis

From the perspective of production and sales dynamics, the spot market for bisphenol A remains stable with small fluctuations, and overall trading remains relatively weak. The industry load remains stable, and there has been no significant adjustment in shipments from various manufacturers. However, the performance of the market demand side is still weak, resulting in insufficient overall delivery volume. In addition, as the National Day holiday approaches, the stocking demand of downstream enterprises gradually weakens, further compressing the market’s transaction space.

4、 Raw material market analysis

Phenol market: Last Friday, the atmosphere of the domestic phenol market was slightly weak, and the negotiated price of phenol in East China slightly fell, but the spot supply is still relatively tight. However, the willingness of terminal factories to enter the market for procurement has weakened, and the pressure on cargo holders to ship has increased. There was a slight discount in early trading, and market trading activity has decreased.

Acetone market: The East China acetone market also continues to be weak, with a slight downward shift in the negotiated price range. As the National Day holiday approaches, the trading atmosphere in the market has significantly slowed down, and the mentality of holders is under pressure. The offer is mainly based on market trends. The purchasing pace of end users has slowed down before the holiday, and actual negotiations are relatively limited.

5、 Downstream market analysis

Epoxy resin: Affected by the parking news of upstream ECH manufacturers, the domestic epoxy resin market has experienced a narrow upward trend. Although most companies have tentatively increased their quotations, downstream terminals are cautious and slow to follow up on demand, resulting in insufficient overall actual order placement.

PC market: Last Friday, the domestic PC market continued to maintain a weak and volatile consolidation trend. The price range of injection grade materials in the East China region has fluctuated, with some centers of gravity falling compared to the previous trading day. The market has a strong wait-and-see sentiment, downstream purchasing intentions are sluggish, and the trading atmosphere is light.

6、 Future prospects

Based on the current market situation analysis, it is expected that the spot market for bisphenol A will continue to fluctuate and decline this week. Despite the decrease in raw material prices, the cost pressure of bisphenol A remains significant. The supply-demand contradiction has not been effectively alleviated, and with the approaching National Day holiday, downstream stocking demand is gradually weakening. There is a high probability that the bisphenol A market will maintain a narrow consolidation in the only two working days of this week.