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Bis Phenol A – China Transcript
The China Bis Phenol A report covers polycarbonate grade material. We track the spot markets of Eastern and North China, reporting weekly on deals and discussions between producers, traders and buyers.
The report contains the important East China and North China ex-warehouse price assessments. Our commentary provides details on domestic supply and demand conditions and track prompt operating rate that could have impact on availability.
Upstream food stocks, Phenol and Acetone and downstream Epoxy Resin are all very important to domestic price movements and those factors are also monitored in the report.
We also track both the solid and liquid Epoxy Resin markets. Where applicable, there is product information, comments on market development and general market intelligence.
The report also provides CFR quotes for the North East Asia market and details of trace transactions, news on the wider issues of the supply and demand balance and general sentiment for price direction.
This comprehensive run up of the domestic market is useful for all of those active or interested in China’s BPA market and for those that need an unbiased and timely price reference.
Bisphenol A news and market information products from ICIS
We offer the following regional Bisphenol A coverage to keep you informed of factors and developments affecting prices in the China Bisphenol A marketplace.
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Price History – More information about the historical price data we publish on Gas
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News & Analysis - News & market analysis specifically relating to Bisphenol A
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q2 2016
Bisphenol-A (BPA) spot prices rose in April because of the high price of feedstock phenol and tight spot supply. Producer held the high offers while cargo-holders were less inclined to sell, leaving limited lower-priced cargoes in the market. But end-users had some feedstock inventory with a cautious stance, so deals done at the high-end price were mostly in small volumes.
Though there was a slight increase in May on feedstock phenol and some active enquiries, the overall trend declined. Most downstream epoxy resins producers relied on their contract volumes and existing inventories, they were reluctant to purchase. The muted trade prompted some traders to cut their offers in order to boost sales, so the discussion levels slipped to CNY 8,600-8,700/tonne.
In the first half of June, BPA prices continued dropping. Decreased feedstock phenol costs and weak demand from the downstream epoxy resins plants undermined the BPA market sentiment, traders moved cargoes at lower prices to ease their sales pressure and discussion level dropped. Since 16 June, some buyers stepped into the market and made enquiries, some cargo-holders lifted their offers slightly, considering limited availablilty of lower-priced cargoes. But due to poor downstream demand, trade did not pick up. At the end of June, BPA prices were at CNY 7,700-7,750/tonne.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
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