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[Industry Focus]：Epoxy resin: the market of bisphenol A rises, and the market of epoxy resin and epichloro-propane rises first and then stabilizes

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Bisphenol A

price: The domestic bisphenol A market rose slightly last week: as of August 26, the reference price of bisphenol A in East China was close to 12900 yuan/ton, up 300 yuan from last week.
international crude oil prices continue to rise to push up the phenol and ketone market; Sinopec Mitsui officially entered the maintenance period, and the market supply further decreased; Zhejiang Petrochemical Bisphenol A auctioned twice in a week, and the price rose by 300 yuan; Nantong Xingchen, a mainstream factory, Changchun Chemical's quotation rose to 12800-12900 yuan/ton; the downstream epoxy market continued to rise, supporting the raw material market. The domestic BPA market continued to rise last week, driven by many positive factors.
raw materials: the phenol ketone market rose slightly last week: the latest reference price of acetone was 4700 yuan/ton, up 100 yuan from last week; the latest reference price of phenol was 9300 yuan/ton, up 200 yuan from last week.
equipment: Yanhua polycarbonate 180,000-ton equipment will be stopped for one month from the 15th, Sinopec Mitsui 120,000-ton equipment will be stopped for one month from the 20th, and the overall operating rate of the industry equipment will be 60%-70%.

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Epichlorohydrin:

Price: Last week, the domestic epichlorohydrin market rose first and then stabilized: as of August 26, the reference price of epichlorohydrin in East China market was 11800 yuan/ton, up 400 yuan from last week. The continued rise in the
glycerol market has brought some cost support to glycerol epichlorohydrin manufacturers. At present, epichlorohydrin plant equipment basically resumed operation, but by the influence of power restrictions in some areas of East China, Jiangsu Haixing, Ningbo Zhenyang, Yangnong, Huanyang plant load is not high, the factory no inventory pressure, the report is relatively strong, the early week of the cyclo-chlorine market continued to rise. After the middle of the
week, the downstream epoxy resin market stopped rising, the market atmosphere weakened, and the price of epichlorohydrin remained stable.
raw materials: two routes in the week ECH main raw material prices rose steadily: propylene latest reference price of 7100 yuan/ton, the price is stable; East China 99. Glycerin latest reference price of 7200 yuan/ton, up 450 yuan from last week.
due to power rationing, Ningbo Zhenyang 40,000 tons of plant to maintain low load, Hebei Jiaao 60,000 tons of plant low load, the overall operating rate of the industry is 5-60%.

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Epoxy resin:

price: last week, the liquid epoxy resin market rose first and then stabilized: as of August 26, the reference price of East China liquid epoxy resin was 19600 yuan/ton, up 900 yuan from last week. The reference price of solid epoxy resin is 17800 yuan/ton, up 500 yuan from last week.
this week, the prices of several products in the industrial chain remained stable after the collective rise. Crude oil prices continue to rise, pushing up the upstream phenolic ketones, glycerol and other raw material prices; early in the week, bisphenol A and epichlorohydrin markets continued to rise, epoxy resin prices rose simultaneously, supporting each other; as prices rose, the upward pressure on the industrial chain increased, the market temporarily stable, the last few trading days at the end of this week to further clarify.
equipment: except Nantong xingchen stopped production, other liquid resin factories are basically operating normally, and the liquid operating rate has increased by about 70%. The equipment in Huangshan Huizhou Park has been restarted. Due to boiler and power constraints, the equipment in Shexian County still maintains a low load, and the solid operating rate is about 40%.

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