Under the influence of the Federal Reserve or radical interest rate increase, the international crude oil price experienced great ups and downs before the festival. The low price once fell to around $81/barrel, and then rebounded sharply again. The fluctuation of crude oil price also affects the trend of glycerol and phenol ketone markets.

Bisphenol A:
Price: The bisphenol A market continued to rise: as of September 12, the reference price of bisphenol A in East China was 13500 yuan/ton, up 400 yuan from the previous week.
Affected by the rise in the price of pure benzene, the shutdown of phenol and ketone plants of Zhejiang Petrochemical, and the collective rise in the listing price of mainstream petrochemical enterprises, the domestic phenol and ketone market rose significantly before the festival. The price of phenol once rose to a high of 10200 yuan/ton, and then slightly retreated.
Before the festival, the PC and epoxy resin markets at the downstream of bisphenol A were relatively weak, and the fundamentals did not change significantly. The bisphenol A market still rose slightly, driven by the enhanced support of raw material phenol ketone and the strong rise of Zhejiang Petrochemical Bisphenol A auction.
After the festival, the bisphenol A market continued to rise, and the quotations of major manufacturers in East China, Changchun Chemical and Nantong Xingchen, were successively adjusted to 13500 yuan/ton.
In terms of raw materials, the phenol ketone market rose first and then fell last week: the latest reference price of acetone was 5150 yuan/ton, 250 yuan higher than the previous week; The latest reference price of phenol is 9850 yuan/ton, 200 yuan higher than the previous week.
Unit conditions: Yanhua’s 180000 ton polycarbonate unit was shut down for maintenance for one month from the 15th, Sinopec’s Third Well 120000 ton unit was shut down for maintenance for one month from the 20th, and Huizhou Zhongxin’s 40000 ton unit resumed operation; The overall operating rate of industrial devices is about 70%.

epoxy resin
Price: before the festival, the domestic epoxy resin market fell first and then rose: as of September 12, the reference price of liquid epoxy resin in East China was 18800 yuan/ton, and the reference price of solid epoxy resin was 17500 yuan/ton, which was basically the same as the previous week.
Driven by the relationship between supply and demand, the phenol and ketone market rose significantly before the festival, and the price of phenol returned to a high of more than 10000 yuan, which also drove the price of bisphenol A to continue to rise; After the price of epichlorohydrin, another raw material, fell to a low level, the amount of bottom reading and replenishment of the resin factory increased, and the price began to rebound. After the price of epoxy resin was lowered along with the cost, the price of solid and liquid resin also rose slightly in the last two days before the festival with the continued increase of bisphenol A and the rebound of epoxy chloride.
Returning to the market after the festival, as of the morning of September 13, the price of liquid and solid epoxy resin was temporarily stable, but with the price of bisphenol A continuing to rise and the overhaul of large factories in East China, the liquid epoxy resin market also showed a preliminary upward trend.
In terms of equipment: the overall operating rate of liquid resin is about 70%; The overall operating rate of solid resin is 4-50%.

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