March 12th News: On March 12th, the 200,000-ton-per-year bisphenol A (BPA) unit at Longjiang Chemical operated at 85% capacity. Currently, the majority of BPA products are being delivered under contract, with only a small quantity available for spot sales. The BPA price has been reduced by 2,000 yuan to 12,800 yuan per ton, delivered to East China. Chempricehub's analysis of BPA gives a long-short score of -1.5. The BPA price has been significantly lowered by 2,000 yuan to 12,800 yuan per ton, with the unit operating at 85% capacity indicating ample supply. The fact that most products are delivered under contract and only a small quantity is available for spot sales suggests weak spot demand, leading to significant downward pressure on spot prices. The substantial price reduction reflects an imbalance between supply and demand in the market, exerting a generally bearish impact on the spot market.
Epoxy Resin, Long-Short Score: -0.5
As the primary raw material for epoxy resin, the decline in BPA prices may reduce production costs. However, the expectation of lower costs may be passed down to downstream sectors, triggering adjustments in epoxy resin spot prices and exerting slight bearish pressure on the market. It is essential to monitor changes in downstream demand to confirm the actual impact.