March 26th News: On March 26th, Longjiang Chemical's 200,000-ton/year bisphenol A (BPA) plant operated at 85% capacity. Currently, the majority of BPA production is allocated to contract deliveries, with only a small portion available for spot sales. The BPA price has been reduced by 1,500 CNY to 12,000 CNY/ton for delivery in East China. Chempricehub's analysis of BPA indicates a bearish sentiment score of -1.5. Longjiang Chemical's BPA plant operating at 85% capacity suggests an increase in supply. The focus on contract deliveries and limited spot sales, coupled with a price reduction of 1,500 CNY/ton to 12,000 CNY/ton for East China delivery, reflects oversupply or weak demand in the spot market, exerting significant downward pressure on BPA spot prices. With a price decline of approximately 11.1% and high plant utilization, spot prices are expected to face downward pressure in the short term.
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