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As of January 7, the mainstream negotiation price in the liquid resin market in East China was 27,000-28,000 yuan/ton, up 2350 yuan/ton from last weekend. Huangshan and Shandong solid resin market mainstream negotiation price reference in 23500-24500 yuan/ton, compared with last weekend's increase of 1300 yuan/ton.
Epoxy resin prices in major regions last week
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Main market factors
Bisphenol A: Last week, the bisphenol A market rose strongly. During the week, the bisphenol A market held steady after wide gains. The price of raw material phenol continues to rise, currently quoted at 11400 yuan/ton, the highest price since 19 years. On the supply side, the overall start-up load of the industry remained near the 75%, and the spot supply was tight. On the demand side, the downstream PC and epoxy resin orders after the New Year's Day slightly improved, but with the price surge, the industry resistance gradually showed, the later trading performance is relatively flat. As of January 7, the mainstream negotiation price of bisphenol A in East China was 18400-18500 yuan/ton, up from 1450 yuan/ton last weekend.
epichlorohydrin: Last week, the epichlorohydrin market was very expensive. During the week, the main raw material market was weak, but under the influence of tight spot supply, the market was tight and prices continued to soar. On the supply side, the pre-parking devices have been restored, but the spot circulation is tight. On the demand side, the market inquiry atmosphere improved, supporting the price upward. As of January 7, the mainstream negotiated price of epichlorohydrin in East China was 18000-18500 yuan/ton, up from 2550 yuan/ton last weekend.
epoxy resin: the current epoxy resin cost support is prominent, manufacturers have a strong intention to support the price. On the supply side, last week, the working load of liquid resin in East China was stable at a high level, and the overall working rate remained at about 80%, of which Changshu Changchun load was 90%, Kunshan South Asia load was 70%; Huangshan region solid resin orders followed up and improved, and some manufacturers' working load increased.
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Demand, the Spring Festival is approaching, logistics and transportation will be shut down, the market phase replenishment after the purchase will gradually fade, and the current discussion center of gravity upward, with the dual raw materials and epoxy resin prices skyrocketing, the operation of the industry is more cautious, the supply and demand game is still continuing.
expects the short-term domestic epoxy resin market to fluctuate and sort out. The future trend will be greatly affected by raw materials and demand. The main factors affecting the fundamentals are as follows: in terms of raw materials, the current price of bisphenol A fluctuates and sort out. Due to the small amount of spot circulation, the expected price range in the later period is mainly sorted out. The supply of epichlorohydrin, another raw material, is also tight. However, after centralized replenishment in the downstream, the impact of market closure before the festival will be superimposed in the later period, and, the trading center of gravity may cool down. On the supply and demand side, the industry's recent installation started more smoothly, downstream in the Spring Festival holiday or release part of the stock demand, still to be followed up.
Source: Guangzhou Chemical Trading Center * Disclaimer: The content contained in the content comes from the Internet, WeChat public number and other public channels, we maintain a neutral attitude towards the views in the article. This article is for reference only. The copyright of the reprinted manuscript belongs to the original author and organization. If there is infringement, please contact Huayi Tianxia customer service to delete it.
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