+086 1911-7288-062 [ CN ]
Cookies give you a personalized experience,Сookie files help us to enhance your experience using our website, simplify navigation, keep our website safe and assist in our marketing efforts. By clicking "Accept", you agree to the storing of cookies on your device for these purposes.For more information, review our Cookies Policy.
Early morning news on September 7, Shandong Fuyu Chemical's bisphenol A plant has entered a shutdown and maintenance phase, and the restart time has not yet been announced, which will disrupt the domestic spot supply of bisphenol A.
Basic information of the plant
Shandong Fuyu Chemical's bisphenol A has an annual capacity of 180,000 tons. It is a core bisphenol A production enterprise in North China. Its items are mainly supplied to downstream customers in North and East China, and it also undertakes part of overseas export orders. Changes in the plant's operating rate have a significant impact on domestic supply of goods.
This maintenance is a planned shutdown, and the enterprise has not yet disclosed the maintenance cycle, maintenance content and expected restart date, so there is uncertainty in the duration.
Current fundamentals of the bisphenol A sector
In August, multiple maintenance units of domestic bisphenol A vegetation resumed production one after another, and the overall sector operating rate rebounded to 65%-70%, and the market supply of goods increased.
However, the operating rates of downstream PC and epoxy resin industries have only increased limitedly, and terminal demand has recovered slowly. The overall market shows a situation of growing supply and weak demand, and prices have maintained a evaporative and weak direction.
Entering the traditional "Golden September" peak season in September, downstream industries have inventory replenishment expectations, and there is room to demand recovery. Social inventories remain at medium and low levels, and the spot circulation surplus is not abundant.
Market impact brought by the supply side
The shutdown of Fuyu's plant will offset part of the supply increment brought by the previous resumption of production.
The regional supply of goods in North China will be immediately reduced, and the expectation of regional spot shortage has risen, and some traders have shown a reluctance to sell.
In the short term, it is expected to bring cost-supply support to the bisphenol A market, promote the market to stop falling, and there is a possibility of regional price hikes.
Key points to future market attention
The subsequent direction of the market direction mainly is determined by two variables:
First, the actual maintenance duration of Shandong Fuyu Chemical. If the maintenance cycle is prolonged, the domestic supply gap will further expand;
Second, the actual demand fulfillment of downstream epoxy resin and PC industries. If the peak season demand fails to meet expectations, the upward space will be suppressed. The market will continue to track news of plant restarts, sector operating rates, inventories and transaction changes.
We will contact you soon