Industry expects bisphenol A prices to fall, spot prices will continue to decline

According to "Asian Chemical News" reported last week, due to the large number of bisphenol A entering the Chinese market in the past two months, Asian bisphenol A producers forecast that spot prices will continue to decline in the second half of November and December.
According to a major producer in Northeast Asia, China's BPA stocks reached 50,000 tons in November, which is 26,000-30,000 tons more than the average monthly consumption. Due to the recent large excess supply in the Chinese market, it is expected that the price of BPA in China will continue to fall. In early November, the price of Asian bisphenol A was 1,180-12,300 U.S. dollars per ton (cost, freight, Northeast Asia), which fell by 50-60 U.S. dollars per ton compared with the beginning of October. The company said that its target markets will be concentrated in Japan and Thailand this month and next month and will not consider supplying products to China. Most producers said they are now close to the edge of losses.
Due to oversupply caused by new production capacity in the second quarter of this year, some major manufacturers have reduced the operating rate of the bisphenol A plant. The newly put into production this year was LG Petrochemical Korea and Changchun Plastics Corporation of Taiwan Province of China. The total scale was 255,000 tons/year. Currently, the operating rate of the two sets of equipment has been reduced from 100% in October to 80%. . The situation of the other two producers was even worse. One operating rate fell to 50% to 60%. The other had closed 100,000 tons/year in October and there was no restart plan in the short term.