Bisphenol A prices return to 20,000 yuan high

Recently, global commodities have been extremely hot and the chemical product market atmosphere has been completely mobilized. In the event of higher raw material costs, gradual recovery of downstream construction and external disk prices, the price of bisphenol A broke through 20,000 yuan (t price, the same below).
Raw materials market as a whole In late November last year, the international crude oil bull market tone was established. In the latter half of December, the United States Texas crude oil (WTI) exceeded the US$90/barrel mark, and the subsequent cost effect was released. In January-February this year, Asian pure benzene prices soared. The major supplier, Japan Petroleum Resources Development Corporation, increased its contract price in Asia by hundreds of dollars, and the intra-market high-end FOB price in the cargo market exceeded 1,180 US dollars. 2 Monthly high revision finishing.
After the Spring Festival, phenol in the pure benzene boosted the breakthrough stalemate, Sinopec prices rose 500 yuan led the domestic market, the acetone outer disk is a cumulative increase of 190 US dollars, Shanghai Takahashi price 350 yuan to help the market successfully stepped through the threshold of 8,000 yuan. In March, many ethylene cracking and phenone plants entered the maintenance period in Asia, and the market supply contracted, providing certain benefits for the entire industry chain. In general, the upstream raw material market provided a push for the rise of bisphenol A prices after the holiday.
On the second trading day after the domestic enterprises unifiedly adjusted to the increase, Mitsui's quotation of Shanghai Sinopec soared 300 to 19,800 yuan. The market is waiting to see the stalemate thawing rapidly. Under the high interest of high position costs, raw materials, and external disks, the major holders of the goods reported As the domestic enterprises pulled up, the pre-holiday market's bullish expectations were gradually honoured and the offer rose to around 20,000 yuan. Last week, the second round of 500 yuan increase and redouble their efforts, high-end spot merchants offer to push up to 20,500 yuan, to talk about the construction of 20,000 yuan high position in the real. As of the end of last week, the mainstream market price in East China has risen to 20,200 to 20,300 yuan, up by 800 yuan from before the holiday; Shanghai Bayer's 210,000-ton/year plant has been undergoing overhaul of the downstream polycarbonate (PC) unit for about a week, due to The limited sales volume is expected to have little impact on the market.
External disk strength to form a support As market participants return to the market, demand is expected to heat up, coupled with raw material costs, bisphenol A external disk rose for two consecutive weeks. As of the end of last week, mainstream companies talked about the CFR pushing up to $2,400 to $2,500, up $70 to $80 before the holiday, and there was a series of negotiations to be reached within this range. Bisphenol A outer disk sprinted again to last year's high, given the high global commodity prices, the support for bisphenol A is stronger than the previous one.
Bisphenol A internal and external disks drastically higher, downstream epoxy resin and PC in the cost to promote the rise of the ship, post-holidays epoxy resin rose 300 to 500 yuan, small and medium-sized factories resumed operations, into normal operation. PC market participants postponed to the market to postpone the postponement of the market, the start was slightly slow, but the external disk was increased by 50 to 70 US dollars, the spot price increased by 500 yuan or so, the increase is relatively considerable, there may be follow-up push up.
However, the spread of global inflation has made the adjustment of differentiation in the bulk commodity market a little bit obvious. Major chemical products have entered the correction and consolidation stage after the festival, and whether the commodity outlook can continue to have fiery disagreements. Although the market for bisphenol A continued its upward trend last week, the rate was conservative. On the one hand, the slow recovery started after the post-holiday festival and bulk purchases were not yet started. On the other hand, more participants tended to improve steadily. In the gradual digestion of the beneficial effect of bisphenol A, whether the market can continue to rise upward or consolidate, we still need to take into account the changes in the relevant news surface.