At present, the price trend of bisphenol A in Asia, particularly in China, remains uncertain. However, market analysts are forecasting a tight supply situation for bisphenol A this year, driven by reduced production levels and strong demand from downstream industries.
In 2005, several new bisphenol A plants came online across Asia, leading to a sharp decline in spot prices, especially in China. As we move into 2006, multiple new polycarbonate facilities are expected to start operations, but there are no major expansion plans for bisphenol A production. This mismatch between rising demand and limited supply is likely to create a tighter market. Key projects include Bayer’s 100,000-ton/year polycarbonate unit in Shanghai, Teijin’s expansion of its Zhejiang plant from 50,000 to 100,000 tons/year, and Chi Mei’s increase in capacity by 70,000 tons/year in Taiwan.
Meanwhile, the utilization rates of existing bisphenol A plants have been declining. High benzene prices have made it more profitable for some producers in South Korea and Taiwan to reduce their bisphenol A output. For example, the Changchun Petrochemical plant in Taiwan is operating at just 50% capacity, while South Asia Plastics’ No. 3 unit remains idle. In South Korea, LG Petrochemical may cut production by 20%, and Kumho P&B Chemicals is also considering reductions.
This year, no new bisphenol A expansion projects have come online globally, even as many downstream facilities, such as South Asia Plastics’ epoxy resin plant in Kunshan, Jiangsu, are set to begin operations with a capacity of 100,000 to 130,000 tons per year. Industry experts from the China Epoxy Resin Industry Association note that regional demand for bisphenol A is surging, and this is expected to put further pressure on supply chains. With limited capacity growth and increasing consumption, the market is poised for continued volatility.
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