The focus of the domestic bisphenol A market has declined. As of the close of the 19th, the mainstream negotiated price in East China was 9750 yuan/ton, while the negotiated price in North China was 9650 yuan/ton, a decrease of 250-300 yuan/ton during the week.

The raw material phenol/acetone fluctuated downward and the decline was amplified, due to insufficient support from the cost side. Among them, the phenol market in the East China region fell to 7180-7200 yuan/ton in negotiations, which fell during the week. The acetone market in the East China region fell to 5950-6000 yuan/ton in negotiations, which fell during the week.

The two downstream products, epoxy resin and PC, have weak demand, mainly due to terminal digestion of contracts and inventory. The weak terminal demand has to some extent exacerbated the market wait-and-see atmosphere, and there has been no positive development in raw material demand.

On May 19th, the quotation of bisphenol A in the mainstream domestic market was as follows:

Region/ Quotation/ Up and down

East China region/ 9650./ -200

Shandong region/ 9600./ -100

The bidding situation of a certain petrochemical company in East China during the week showed that the delivery price of premium products was 9600 yuan/ton on the 15th and 9400 yuan/ton on the 18th, indicating a downward trend in bidding and guiding the market.

Two major raw materials and two downstream markets have declined one after another, and the overall performance of the industrial chain has been lackluster. Intermediary traders are following the market’s quotations, and there is currently a lack of confidence and no positive stimulus in the market. It is expected that the market will still urgently need a bottom next week.