In November, bisphenol a market opened wide and fell. On Monday, a petrochemical enterprise in East China closed the auction of 17200 yuan / ton (2300 yuan / ton lower than last week’s auction). The offer in the spot market fell sharply, and then the market offer fell to 17800 yuan / ton. In the afternoon, with the cooling of the market and the aggravation of the favorable atmosphere, the market offer reached 17500 yuan / ton. With the sharp decline of bisphenol A, The related products ECH and epoxy resin also declined to varying degrees. As of the afternoon closing, the mainstream offer in East China was 17500 yuan / ton, and the offer in North China market was 17500 yuan / ton. Compared with last week, it fell by more than 1000 yuan / ton.

Phenol and acetone in the feed end descend in a narrow range

In terms of phenol, the opening negotiation in East China market weakened to 9600-9650 yuan / ton, mainly due to the aggravation of bad conditions in upstream and downstream, the weakening of upstream pure benzene, the decline of cost support, and the decline of downstream bisphenol A and other products. In terms of ports, with the arrival of port inventory in the early stage, the port inventory is expected to increase, but there are still export shipments this week, which has little impact on the overall inventory of random ports. Although the market is weak, traders have little intention to lower the price, and the market is mainly organized and operated.

In terms of acetone, some petrochemical enterprises cut 100 yuan / ton at the opening of the new January, which exacerbated the bearish atmosphere in the market. The opening decline in East China was dominated, and the negotiated price was 6300-6400 yuan / ton. On the one hand, the petrochemical enterprises decreased intensively, on the other hand, the port inventory increased, and the supply was expected to increase. Offers from major mainstream regions are as follows: offers from East China are 6300-6400 yuan / ton, offers from South China are 6800-6850 yuan / ton, and offers from Yanshan and Shandong are 6500-6600 yuan / ton.

Downstream epoxy resin high position wide downward

The overall breadth of domestic epoxy resin is low, closing the offer in East China liquid resin market to 31000-32000 yuan / ton, barrel acceptance and delivery, and the offer in solid epoxy resin market to 27000-27500 yuan / ton. The two main raw materials fell at the same time, with a large decline. The support for the cost of epoxy resin decreased, the intention of factories to lower prices increased, major factories lowered prices one after another, and downstream inquiries were cautious.

According to business analysts, the bulk chemical market has weakened recently and the mentality is weak. The bisphenol a market was affected by the sharp decline in the petrochemical auction at the beginning of the week, and the market bad was intensified. It is understood that in November, the overhaul of domestic and Korean LG and other major devices was completed one after another, and the market is expected to increase the supply, which is difficult to say good. The business agency expects the short-term bisphenol a market to continue to bottom out. We still need to pay attention to the impact of external market and domestic industry policy news.