In January, the domestic bisphenol A market broke away from the weak trend at the end of the year and emerged from a recovery trend of “stabilizing first and then strengthening”. At the beginning of the month, the market was mainly characterized by fluctuations to maintain stability, with prices maintaining a range of consolidation; Since the second half of the year, the concentrated release and resonance of positive factors in cost, supply, and demand have directly driven the market to rebound rapidly, and prices have steadily risen. At the end of the month, the mainstream quotation rose to nearly 8000 yuan/ton.

In early January, there was no obvious unilateral trend in the domestic bisphenol A market, and long and short factors balanced each other, resulting in overall stable fluctuations. On the supply side, although some enterprises have entered the maintenance cycle and their short-term supply has slightly contracted, the market has strong expectations for the new production capacity of bisphenol A in 2026, and the shipping mentality of industry players is cautious, with weak willingness to proactively offer discounts, supporting market stability; On the cost side, the international oil price has not yet formed a sustained upward trend, and the upstream prices of pure benzene and phenol ketone are flat, which has limited cost support for bisphenol A; On the demand side, downstream industries are still in the end of the off-season, and there is insufficient follow-up on the demand for epoxy resin. The PC industry has not yet started large-scale procurement, and market transactions are light. The price of high-quality bisphenol A products in East China is close to 7500 yuan/ton, and the market maintains a stable trend under the long short game.
After the middle of the month, the negative factors that had previously balanced the market gradually dissipated, and the multiple positive factors of cost, supply, and demand continued to exert force, forming resonance. The domestic bisphenol A market completely reversed its volatile trend and embarked on a rapid rebound path. The cost side has become the core driving force, and the escalation of the US Iran situation has driven international oil prices to continue rising. US oil and Brent crude oil have respectively exceeded $60 and $65 per barrel, directly driving up the prices of upstream pure benzene and benzophenones. Phenol and acetone, as the core raw materials of bisphenol A, account for more than 70% of the production cost. The rigid increase in raw materials has pushed up the theoretical cost of bisphenol A, forcing the holders to firmly support the price. Positive news from the supply side has emerged simultaneously, with early maintenance equipment gradually recovering. However, some enterprises have been affected by tight raw material supply, resulting in lower than expected operating rates and no significant increase in market supply. The supply-demand pattern continues to improve. The demand side is gradually recovering, and the operating rates of downstream PC and epoxy resin industries are steadily increasing. Procurement demand continues to be released, and market transaction activity has significantly increased, further driving up prices.
From the perspective of Shengyi Society, the trend of the bisphenol A market stabilizing first and then strengthening in January is clear. The core driving force comes from the coordinated efforts of multiple positive factors, with cost bottoming out, supply tightening, and demand recovery forming a resonance, promoting the market to break away from the year-end weakness and achieve a steady rebound. In the short term, the bisphenol A market may continue to show a strong trend, and if the cost side oil price continues to operate at a high level, it will continue to provide support for the market; With the further increase in downstream industry operating rates, procurement demand is expected to continue to be released on the demand side. However, attention should be paid to the progress of new production capacity implementation and the risk of raw material price fluctuations, and the subsequent market trend still needs to focus on tracking changes in upstream and downstream fundamentals.