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[Industry Focus]：Epoxy Resin Industry Chain "diving" across the board, down 1000 yuan/ton Weekly!

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Last week, the domestic epoxy resin market fell rapidly, with the liquid resin market falling broadly and the solid resin market also falling. The raw material market is mainly weak, of which the epichlorohydrin market continues to fall, bisphenol A offer is weak adjustment. Although the downward range of raw materials is not large, but epoxy resin, especially liquid resin shipments under pressure, the impact of insufficient downstream demand continues, so the downward pace of the market accelerated, and solid resin inquiry follow-up is also less, low prices frequently appear under the industry profit further compression.

As of June 17, the mainstream negotiation price in the liquid resin market in East China was 23,000-24,000 yuan/ton, down 1000 yuan/ton from last week's price. The mainstream negotiation price in Huangshan solid resin market is 20500-21500 yuan/ton, down 750 yuan/ton from last week's price.

Epoxy Resin Main Regional Weekly Price

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Main market influencing factors

Bisphenol A: Domestic bisphenol A market reported downward. During the week, the raw material phenol, acetone market first rose and then fell, the cost side slightly weakened. In terms of installations, the industry's operating rate remained near 75% this week, with some installations undergoing routine maintenance. The current industry supply is stable, manufacturers offer with the market, and the downstream transaction atmosphere is light, the market good support is missing. As of June 17, the mainstream negotiation price of bisphenol A in East China was 14700-14800 yuan/ton, down 400 yuan/ton from last week's price.

epichlorohydrin: The domestic epichlorohydrin market continued to decline. Raw material propylene, glycerin market mail search fell back, cost support weakened. On the supply and demand side, the mainstream factory equipment parking and burden reduction more, the current downstream follow-up enthusiasm is not high, manufacturers offer steadily down, the market is still dominated by negative factors. In terms of equipment, the current industry operating load is low, the overall operating rate is near the 50%. As of June 17, the mainstream negotiation price of bisphenol A in East China was 17900-18000 yuan/ton, down about 200 yuan/ton from last week.

Supply side

Last week, the liquid resin load in East China decreased slightly, the overall operating rate is around 60%, the current normal operation of Kunshan South Asia, Hongchang Electronics to open short-term maintenance. At present, the mainstream manufacturers offer down mainly, the shipping situation is not good, generally let profits go.

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the

demand side

of the

the current downstream and terminal industry to buy gas is insufficient, the actual negotiations to follow up the weak. The industry is generally bearish on the market, the contradiction between supply and demand is still to be alleviated.

as a whole, the epoxy resin industry chain ushered in a "dive" across the board, and the market is struggling under insufficient demand. As the current price approaches the cost line and the profit margin continues to compress, the market outlook is expected to continue to fall deeply, and the price range is expected to be mainly adjusted. It is expected that the short-term domestic epoxy resin market bottom adjustment, need to pay attention to raw materials and demand trends.

Source: Guangzhou Chemical Trading Center

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