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Inquire NowRead: 334 Time:36months ago Source:Zhongyu Information, epoxy resin and application
on October 29, 2021, Sinopec's pure benzene was listed at 7600 yuan/ton, while Shandong's propylene market closed at 7800 yuan/ton. Last week, the mainstream quotation of the domestic phenol market was near 9575 yuan/ton, and the mainstream quotation of acetone was near 6425 yuan/ton. Zhongyu Information is roughly cost-effective. The average monthly profit of phenol ketone in October was 377.75 yuan/ton.
Date | Average monthly profit (RMB/ton) | Year-on-year | Ring comparison |
October 2021 | 377.75 | -75.39% | -48.71% |
In November, the market demand for phenolic ketones gradually entered the off-season, and all terminal factories basically maintained the demand for raw materials, which made it difficult to increase the demand. In terms of supply,, in November, domestic phenolic ketone factories did not have a clear maintenance plan, so the supply side did not change much. In terms of cost, pure benzene and propylene in the future showed a range of fluctuations, so the cost did not change much, phenol ketone market after the market multi-range shock market, so Zhongyu Information initially expects the domestic phenol ketone factory to change little in November. The profit range is expected to be between 300-800 yuan/ton.
Epoxy resin bears prevail "falling endlessly"
the decline of bisphenol A further expanded, and the price fell straight to near 19000 yuan. The price of epichlorohydrin was strong above 20000 yuan/ton. Due to the sharp decrease in production costs, the short position in the epoxy resin market prevailed "falling endlessly"
Epoxy resin:
Data source: CERA/ACMI
Price: Last week, the domestic epoxy resin market fell widely. As of October 29, the reference price of East China liquid epoxy resin was 32500 yuan/ton, down 2000 yuan from last week. The reference price of solid epoxy resin was 27500 yuan/ton, down 1000 yuan from last week.
Bisphenol A continued to decline, and the decline in cost support was the most important factor in the epoxy resin market. In the falling market, the downstream is more cautious about the purchase of raw materials. Under the weak demand, the market supply consumption is slow, and the purchase of small orders is mainly based on rigid demand, which further suppresses the market negotiation atmosphere.
The price of epichlorohydrin is still relatively strong, slightly delaying the decline of epoxy resin, mainly reflected in solid resin. Epoxy resin market for the time being lack of good news support, if the price of epichlorohydrin is also high this week. The decline of epoxy resin will be further increased.
Last week's domestic E-51 and E-12 epoxy resin prices are as follows for reference only.
source: Zhongyu Information, Epoxy Resin and Application
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