In September, the domestic bisphenol A market rose steadily, showing an accelerated upward trend in the middle and late ten days. A week before the National Day holiday, with the start of the new contract cycle, the end of the downstream pre holiday goods preparation, and the slowdown of the two downstream trends, the bisphenol A market entered a high narrow fluctuation period. As of September 27, the mainstream negotiation in East China was 16450 yuan/ton, up 3150 yuan/ton or 24.2% from the end of last month. The average price of this month (1-27 days) was 14186 yuan/ton, up 1791 yuan/ton or 14.45% from the average price of last month. With the rise of bisphenol A price, the industry profit has improved significantly, with a profit margin of 19.63% as of September 27.

Feature 1. The price of bisphenol A rises steadily, reaching a new high since May 20, 2022
In September, the spot of bisphenol A continued the upward trend in August. Driven by tight spot circulation, steady downstream demand, and stocking during the September Double Festival (Mid Autumn Festival and National Day) holidays, manufacturers and middlemen actively supported the market. Especially in the week since the middle of September, bisphenol A accelerated its upward trend. As of September 27, the mainstream of bisphenol A had discussed 16450 yuan/ton, up 3150 yuan/ton from the beginning of the month, an increase of more than 24%, and the price hit a new high since May 20, 2022. According to the monitoring statistics of Longzhong Information, since August 10, the cumulative increase of bisphenol A has been 4350 yuan/ton, or about 36%, which is also the longest band upward trend of bisphenol A this year.
Features The cost and price of bisphenol A have risen, and the gross profit of the industry has improved significantly
In September, bisphenol A and raw materials showed a trend of double rise, especially the rise in the price of phenol and acetone in the first ten days of September, which boosted the bisphenol A market. In the first ten days of September, the load of phenol and ketone unit dropped to 70% (Huizhou Zhongxin Unit stopped for power rationing on August 29, and the 650000 ton unit of Phase I of Zhejiang Petrochemical stopped for tower cleaning for a week on September 6). In addition, the port inventory was low, so the supply of phenol and acetone was tight. Major manufacturers repeatedly raised their quotations, and the market rose rapidly. Among them, phenol broke through the 10000 yuan threshold and rose by 800 yuan/ton, an increase of 8.42%, acetone rose by 525 yuan/ton, an increase of 11%, and the cost of bisphenol A increased significantly, Some bisphenol A manufacturers are under pressure, and their quotations are constantly rising. The upward trend of upstream and downstream in the middle and late ten days is obvious. Even when phenol and acetone were temporarily consolidated in the late ten days, BPA also went out of the unilateral sharp rise market due to its own supply and demand fundamentals. From September 1 to 17, phenol increased by 1101 yuan/ton, acetone increased by 576 yuan/ton, resulting in an increase of 1092 yuan/ton in the average cost of bisphenol A compared with the previous month, while the average price of bisphenol A rose by 1791 yuan/ton in the same period. Especially after the middle of September, with the acceleration of the rise of bisphenol A, the industry profits improved significantly. The average gross profit of bisphenol A in this month was about 1942 yuan/ton, up more than 50% compared with the previous month.
Features: The consumption of the third lower reaches has grown steadily, providing solid support for the bisphenol A market
In September, the demand for bisphenol A in both downstream areas was stable, providing great support for the rise of bisphenol A market. According to the monitoring of Longzhong Information, the operating rates of epoxy resin and PC industries in September 2022 were 8% and 1% higher than those in August, respectively. In addition, the enterprises prepared goods in advance in the Mid Autumn Festival and National Day, and the optimistic expectations of the market in the upward cycle, to some extent, the downstream preparation cycle was also improved. In addition, due to the impact of typhoon weather this month, some ships were delayed in arrival, resulting in a more tight spot supply of BPA.

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