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[Industry Focus]：Epoxy resin market depth analysis: weak trend, supply and demand game intensified

Read： 381 Time：2months ago Source：Wei Meng, responsible editor of Longzhong Information

1. Market Overview

2024年中国环氧树脂主要市场价格走势图.jpg

on July 3, the domestic epoxy resin market continued to show a weak trend, especially the liquid epoxy resin market in East China. Epoxy resin price concentrated in 12600-12900 yuan/ton of clean water factory. This price range reflects the current tension between supply and demand in the market, as well as the relative weakness of downstream demand.

Weak market in East China: As the main consumption and production area of epoxy resin, the market trend of East China directly affects the national market. Today, the regional market performance continued to be weak, the price range is stable but the transaction is not active.

Raw material impact differentiation: raw material BPA (bisphenol A) market weak volatility, while ECH (epoxy chloropropane) shows a narrow upward trend, this differentiation further exacerbates the cost uncertainty of epoxy resin.

Slow downstream demand: downstream end customers' demand for epoxy resin is slow to follow up, and the actual single trading is still weak, resulting in a light overall market atmosphere.

2. Quote Data and Closing Analysis

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closing price analysis: The mainstream negotiation price of liquid epoxy resin in East China is concentrated at 12,600-12,900 yuan/ton of purified water leaving the factory, showing that the game between supply and demand in the market is fierce. The mainstream negotiated price of solid epoxy resin in Huangshan area is 12,600-12,800 yuan/ton, which is similar to the price of liquid epoxy resin in East China, reflecting the overall weakness of the market.

Cost fluctuation: The cost of epoxy resin fluctuates slightly, but it does not effectively support the market price. This is mainly due to the differentiation of raw material prices and the uncertainty of downstream demand.

3. Production and Marketing Dynamics and Capacity Utilization

capacity utilization rate: At present, the capacity utilization rate of the domestic epoxy resin market is maintained at about 50%, indicating that some devices are in the state of shutdown maintenance or production adjustment. This is not only a response to market demand, but also a reflection of production cost control.

Downstream demand: the downstream terminal just need to follow up slowly, the actual single trading in general. This may be due to the uncertainty of the downstream industry about future market trends and the tightening of funding liquidity. Despite this, rigid demand still exists, but the willingness to purchase is not strong, resulting in inactive market transactions.

4.-related product quotes and market linkage

bisphenol A market: the market continues to be weak volatility, in stock delivery volume is not smooth. The main manufacturers and middlemen with the market's willingness to ship increased, but the downstream cautious wait-and-see mood is strong. Mainstream negotiation prices in East China have fallen, while other regional markets have also fallen to varying degrees. This trend has put some cost pressure on the epoxy market.

Epichlorohydrin: Unlike the bisphenol A market, the epichlorohydrin market continued to push up today. Cost support is enhanced, with manufacturers mainly delivering orders, and in stock is not under pressure for the time being. However, downstream resistance to high prices is obvious, and real orders are scarce. This differentiation further exacerbates the complexity of the epoxy market.

5. Market Forecast and Strategy Suggestions

taking into account the current market supply and demand, raw material price trends and downstream demand, it is expected that the epoxy resin market will continue to maintain a range of shocks tomorrow. Market participants need to pay close attention to raw material trends and real order trading in order to adjust their strategies in a timely manner to respond to market changes.

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