Since the second quarter, the market for bisphenol A has climbed from 11,000 yuan to 15,000 yuan, an increase of about 36%.
The industry believes that the current bisphenol A has been out of control of the cost, the supply is tight and the downstream PC devices are in production, the market is still more mentally minded, and the possibility of continuing to rise is not ruled out.
Supply continues to tighten
Recently, the supply of bisphenol A has continued to tighten, and the market outlook remains expected to decrease.
Industry rumors, Sinopec Mitsui Bisphenol A plant plans to stop maintenance in mid-August, 1 month, Nantong Star also has an overhaul plan in September. By then, the supply of bisphenol A continues to show a tightening trend.
Recently, the import of bisphenol A is expected to decrease.
Wang Chunming, general manager of Jilin Ruiyang Chemical Trading Co., Ltd. said that from the current point of view, the price of Bisphenol A is firm. The trade war between China and the United States has escalated. The depreciation of the Renminbi has led to an increase in the cost of imported goods. The internal and external arbitrage window is closed. It is expected that domestic imports will have Decline, increase the market's long-term kinetic energy.
Downstream demand boost
Wang Chunming said that the price of bisphenol A fluctuated upwards, and demand boost was an important reason.
China's bisphenol A is mainly used in epoxy resin and polycarbonate (PC). This year, domestic PCs have more new production facilities, and the demand for bisphenol A is more obvious.
It is understood that in 2018, the total domestic PC new project capacity will reach 170,000 tons/year, including the Wanhua Chemical Phase I 70,000 tons/year PC plant, which will be put into production at the beginning of the year; Shandong Lihuayi new PC plant will be put into production smoothly; Luxi Chemical Phase II The new PC device is scheduled to go into production in the third quarter.
'At present, the focus of the industry is on the production time of Shandong Luxi PC devices. Previously, after the successful launch of Lihuayi's new PC device, the bisphenol A market smoothly rose to a high of 1.55 million in the year. Successfully put into production, it is expected that the bisphenol A market will usher in a wave of gains. 'Zhang Xu, manager of Baoyuan Chemical Trading Co., Ltd. said.
However, downstream epoxy resin is dragged down by environmental factors and traditional off-season, and demand is temporarily difficult to increase, which brings certain negative effects to the bisphenol A market.
Good corporate profits
With the recent increase in the price of bisphenol A, the company's profitability is good.
It is understood that the price difference between the raw material phenol and bisphenol A is gradually increased, so that the profit of the bisphenol A plant increases. At present, the market price of phenol is 9,200 yuan, and the price of bisphenol A is 1.51 million yuan. The spread between the two is expanded to 5,900 yuan, so that the manufacturers can obtain The profit space continues to increase.
According to Zhang Xu, according to the monthly average price of raw materials, the average profit per ton of bisphenol A enterprises in the first half of the year was 4260.5 yuan, a 981.35% increase over the same period of last year. Among them, the average profit per ton of bisphenol A in the first quarter was 3,087 yuan, the second quarter The average profit per ton of bisphenol A was 5,434 yuan, up 2,558 yuan and 5,175 yuan respectively over the same period of last year, with an increase of 483.55% and 1998.07%.