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[Industry Focus]:The epoxy resin market is strong, cost pressure and insufficient demand coexist.

1. market concerns

1. East China epoxy resin market strong

yesterday, the market performance of liquid epoxy resin in East China was relatively strong, and the mainstream negotiation price remained within the range of 12700-13100 yuan/ton of purified water leaving the factory. This price performance reflects that under the pressure of high and volatile raw material costs, market holders adopt the strategy of following the market to maintain market price stability.

2. Continued cost pressure

the production cost of epoxy resin is under great pressure, and the high shock of raw material price directly leads to the cost pressure of epoxy resin. Under cost pressure, the holder has to adjust the offer price in response to market changes.

3. Insufficient downstream demand momentum

although epoxy Resin Market Price relatively strong, but downstream demand momentum is clearly insufficient. Downstream customers take the initiative to enter the market with few inquiries and flat trading, showing the market's cautious attitude towards future demand.


2. market quotation

2024年中国环氧树脂主要市场价格走势图.jpg


according to Longzhong information domestic epoxy resin market closing price list shows that the market is relatively strong. The high volatility of raw material prices makes the epoxy resin cost pressure continues to exist, the holder with the market offer, the market low-cost supply reduction. However, the lack of downstream demand momentum has led to flat performance in real orders. The mainstream negotiation price of liquid epoxy resin in East China is 12,700-13,100 yuan/ton of purified water, while the mainstream negotiation price of Huangshan solid epoxy resin is 12,700-13,000 yuan/ton.

国内环氧树脂市场收盘价格.jpg


3. production and marketing dynamics

1. Low capacity utilization rate

the domestic epoxy resin market capacity utilization rate remained at about 50%, showing that the market supply is relatively tight. Some of the devices are in a state of shutdown for maintenance, further exacerbating the tight supply situation in the market.

2. Downstream terminals just need to follow up

the downstream end market just needs to follow up, but the actual single trading is average. Downstream customers are under the dual pressure of high raw material prices and sluggish market demand, and their willingness to purchase is not strong, resulting in flat performance of real orders.


4. Related Product Quotes

1. Bisphenol A market high volatility

domestic bisphenol A in stock market today showed a high volatility. The main manufacturers offer stable, individual manufacturers offer a narrow range of 50 yuan/ton or so. Offers in East China range from 10,100 to 10,500 yuan/ton, the downstream maintains the pace of just-needed purchases, and the mainstream reference negotiation price is 10,000 to 10,350 yuan/ton. The overall industry start-up load is not high, the manufacturers have no production and marketing pressure, but the intraday raw materials rise and fall, intensified the market wait-and-see sentiment.

2. The epoxy chloropropane market is stable and small.

The epichlorohydrin (ECH) market is operating steadily today. Cost support is obvious, some resin factories into the factory bulk procurement, but the price of the return is relatively low. Manufacturers mostly quote prices around the interval, negotiating a price of 7500-7550 yuan/ton. Sporadic scattered single inquiries are limited, and real single operations are few. The mainstream negotiation price in Jiangsu and Huangshan is 7600-7700 yuan/ton, while the mainstream negotiation price in Shandong market is 7500-7600 yuan/ton.


5. market forecast

the epoxy resin market is facing certain cost pressure. Some of the main manufacturers offer strong, but the downstream demand follow-up is slow, the actual single trading is insufficient. Under the support of cost, it is expected that the domestic epoxy resin market will maintain a strong operation and further follow up the trend of raw materials.


Source: Longzhong Information

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