Overshadowed the slump in bisphenol A spot prices last week

Bisphenol A market sentiment was sluggish last week, with internal and external discs oscillating down. Among them, the weak demand for downstream epoxy resins, the price of raw materials, phenols, and the related products, ECH, continued to fall, and the overheating factors such as the end of overhaul and restart of 150,000 tons/year of North China Sinopec Mitsubishi shrouded in the overheating of the bisphenol A market. The main cause of the change from "stability" to "empty" attitude. In the first half of the week, the major distributors were very active and the market was in a stalemate. East China's mainstream negotiations reached a stalemate at RMB 13,600-13,700/tonne. The latter half of the week was accompanied by a deeper decline in ECH (the weekend spot market acceptance price dropped to RMB 13,000/ton). Bisphenol A external pan shakes and raw materials phenols are expected to warm up. Bisphenol A merchants will increase their willingness to ship, and the focus of spot negotiations will gradually drop to around 13,500 yuan per ton. Most of the companies stated that there is no market for basic prices.

As of the end of last week, the mainstream negotiations in East China were 13,500 yuan per ton. In North China and Huangshan, the reference was 13,600-13,700 yuan per ton, and high-end transactions were not easy. The overall price fell by 100-150 yuan per ton compared with last week. This week, solid epoxy resin in the downstream of bisphenol A went from bad to worse, the parking volume of SMEs increased, and the overall load fell below 50%. The liquid epoxy resin showed a tendency to decline, the shipping resistance increased, the finished product inventory increased, and the price fell.