The BPA market continues its downward trend.

1. Daily Summary

① Today, the Bisphenol A (BPA) market experienced limited fluctuations. Costs increased, downstream demand follow-through was moderate, and low-priced inventory decreased.
② Prices of phenol and acetone rose significantly today, leading to an increase in cost values.

2. Spot Market Overview

Table 1: Domestic BPA Price Summary (Unit: CNY/ton)

Data Source: Chempricehub Information

Taking East China as the benchmark, domestic BPA prices closed at 10,750 CNY/ton today, within a range of 10,700–10,800 CNY/ton. This remained stable compared to the previous trading day, aligning with morning expectations. The BPA market showed limited volatility; while costs on the upstream side rose significantly, rigid downstream demand provided some support. Some downstream buyers replenished stocks during price dips, but counter-offers remained low. Holders maintained willingness to sell, and low-priced goods were available in certain regions. However, the center of gravity for actual transaction negotiations in mainstream markets saw little change.

3. Production Dynamics

Today, the capacity utilization rate for BPA stood at approximately 68%. The industry profit margin for BPA was -962 CNY/ton.

4. Price Forecast

In the short term, the BPA market is expected to fluctuate within a range. Upstream costs are rising, and some downstream sectors are actively restocking, alleviating enterprise inventory pressure. Sellers have limited room for concessions. However, as demand subsequently softens and supply-demand reaches relative balance, the market may undergo minor adjustments. It is recommended to closely monitor marginal changes in downstream procurement expectations and production scheduling plans of major manufacturers to verify whether demand can stabilize. Proceed with caution.

5. Related Products Status

Phenol: Taking East China as the benchmark, phenol prices closed at 8,925 CNY/ton today, an increase of 225 CNY/ton from the previous trading day. The domestic phenol market rose sharply. Rising feedstock benzene prices, combined with higher monthly average prices and manageable spot supply pressure, encouraged holders to push offers higher. End-use enterprises participated in buying based on rigid demand, replenishing stocks when prices were suitable. Transaction activity was moderate.

Acetone: Taking Jiangsu as the benchmark, acetone prices closed at 8,800 CNY/ton today, up 200 CNY/ton from the previous trading day. The price center of gravity in the East China acetone market shifted upward. As end-use enterprises entered the market to restock, trading sentiment improved. Additionally, several producers raised their opening prices, boosting confidence. Holders' sentiment was supported, showing a clear tendency to hold back sales and maintain prices. Actual transaction volumes were reasonable.

Epoxy Resin: Taking East China as the benchmark, the ex-factory price of liquid E-51 epoxy resin (net water basis) closed at 15,000–15,300 CNY/ton, down 100 CNY/ton week-on-week. In the Huangshan region, the spot cash price for solid E-12 epoxy resin (peripheral delivery) closed at 14,500–14,900 CNY/ton, unchanged from the previous trading day, meeting morning market expectations. From a cost perspective, raw material prices declined. On the demand side, cautious follow-through persisted amidst a downward trend, with insufficient new orders released, causing the market's price center to continue its decline.

Polycarbonate (PC): The domestic PC market stabilized today after halting its decline. By the afternoon close, the negotiation range for domestic-grade PC in East China was 12,350–14,900 CNY/ton, with the price center rebounding by 50–100 CNY/ton compared to yesterday. Approaching the weekend, a northern plant lowered its ex-factory price by another 200 CNY/ton, while other plants made no further pricing adjustments. In the spot market, both East and South China stabilized amid consolidation. Following a rapid weekly decline and overnight crude oil rallies, upstream raw materials generally stabilized or rebounded. Influenced by this sentiment, the PC market also stabilized. Low-price reports diminished, with some sellers testing higher offers. Downstream entry for procurement remained sluggish, and transactions at high prices were rarely heard of.