Recently, the domestic bisphenol A market has shown a weak trend, mainly due to poor downstream demand and increased shipping pressure from traders, forcing them to sell through profit sharing. Specifically, on November 3rd, the mainstream market quotation for bisphenol A was 9950 yuan/ton, a decrease of approximately 150 yuan/ton compared to last week.

From the perspective of raw materials, the raw material market for bisphenol A also shows a weak downward trend, which has a negative impact on the downstream market. The downstream epoxy resin and PC markets are weak, mainly based on consumption contracts and inventory, with limited new orders. In the two auctions of Zhejiang Petrochemical, the average delivery prices for qualified and premium products on Monday and Thursday were 9800 and 9950 yuan/ton, respectively.

The cost side also has a negative impact on the bisphenol A market. Recently, the domestic phenol market has led a decline, with a weekly decline of 5.64%. On October 30th, the domestic market offered at 8425 yuan/ton, but on November 3rd, the market fell to 7950 yuan/ton, with the East China region offering as low as 7650 yuan/ton. The acetone market also showed a broad downward trend. On October 30th, the domestic market reported a price of 7425 yuan/ton, but on November 3rd, the market fell to 6937 yuan/ton, with prices in the East China region ranging from 6450 to 6550 yuan/ton.

The downturn in the downstream market is difficult to change. The narrow decline in the domestic epoxy resin market is mainly due to weakened cost support, difficulty in improving terminal demand, and widespread bearish factors. Resin factories have lowered their listing prices one after another. The negotiated price of East China liquid resin is 13500-13900 yuan/ton for water purification, while the mainstream price of Mount Huangshan solid epoxy resin is 13500-13800 yuan/ton for delivery. The downstream PC market is poor, with weak fluctuations. East China injection grade mid to high-end materials are discussed at 17200 to 17600 yuan/ton. Recently, the PC factory has no price adjustment plan, and downstream companies just need to follow up, but the actual transaction volume is not good.

The dual raw materials of bisphenol A show a broad downward trend, making it difficult to provide effective support in terms of cost. Although the operating rate of bisphenol A has declined, its impact on the market is not significant. At the beginning of the month, downstream epoxy resin and PC mainly digested contracts and inventory of bisphenol A, with limited new orders. Faced with actual orders, traders tend to ship through profit sharing. It is expected that the bisphenol A market will maintain a weak adjustment trend next week, while paying attention to the changes in the dual raw material market and the price adjustments of major factories.