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The domestic downturn in the epichlorohydrin market has eased recently. Although the overall price of the market did not change much, the market sentiment improved due to the decrease in domestic supply, tight supply of imported goods and the increase in quotations, and the improvement in the downstream market.
In terms of domestic supply, the installation of Jiangsu SanDisk Chemical Co., Ltd. has not been stable since its operation began, and Yangon Chemical's operating rate is only about 50%. Yueyang Petrochemical conducted a maintenance inspection for about one week before September 8, and the production time of Ampang Electronization was postponed. The operating rate of other manufacturers is also more or less insufficient, which has led to a reduction in domestic supply in the near future and a change in the market supply and demand relationship. As the contradiction between supply and demand has improved, the atmosphere of market transactions has improved, and prices have stabilized. At present, the low-cost supply is basically limited to the core users. The producers have also dismissed the idea of ​​further price cuts in the short-term, so that the market panic can be eliminated, the haze atmosphere has been reduced, the market mainstream prices have been around 16000 ~ 16500 yuan (t price, The same as below) interval operation.
Due to the reduction of domestic supplies, the import market has become active and the number of downstream inquiries has increased. As the previous 30,000-ton plant of Kasdick in Russia was in overhaul status, the availability of sources was reduced. Coupled with the limitation of epichlorohydrin transportation in the early period of the Eastern Port, the period of Russian cargo arrival was extended by about 10 days, resulting in a reduction in the amount of imported goods in the short term. This will increase opportunities for other sources of imports, and companies that originally used Russian goods in the lower reaches began to look for other sources of supply. It is reported that the price of source orders in the import market is basically between 1950 and 2000 US dollars (CFR). The latest quotation for Russian vessels in October is 1,880 to 1,890 U.S. dollars (CFR), and the market's high-end price is around 2,000 U.S. dollars.
At the same time, due to the poor early-stage epoxy resin market and the low operating rate of enterprises, the supply of epoxy resin has also been reduced and the market is improving. The downstream epoxy resin market is relatively stable recently. The price of solid resin is about 23,000 yuan, and the price of liquid resin is between 26800 yuan and 28,000 yuan. With the National Day approaching and the downstream stocking increasing, the epoxy resin market may continue to improve.
After experiencing two major price cuts, the overall price of the epichlorohydrin market has been significantly lower than last year, and the industry's efficiency has also been declining. After the current domestic market sentiment has eased, manufacturers' prices are firmer, and low prices are limited to the core users. It is not possible to exclude the possibility of a subsequent slight increase in prices. The current focus and unfavorable factors are focused on the recovery of the new plant and the start-up of the manufacturer's plant. Due to the tight supply of imported goods, the import quotation has significantly increased compared with the previous month, which also gave a favorable signal to the weak domestic market.
In terms of domestic supply, the installation of Jiangsu SanDisk Chemical Co., Ltd. has not been stable since its operation began, and Yangon Chemical's operating rate is only about 50%. Yueyang Petrochemical conducted a maintenance inspection for about one week before September 8, and the production time of Ampang Electronization was postponed. The operating rate of other manufacturers is also more or less insufficient, which has led to a reduction in domestic supply in the near future and a change in the market supply and demand relationship. As the contradiction between supply and demand has improved, the atmosphere of market transactions has improved, and prices have stabilized. At present, the low-cost supply is basically limited to the core users. The producers have also dismissed the idea of ​​further price cuts in the short-term, so that the market panic can be eliminated, the haze atmosphere has been reduced, the market mainstream prices have been around 16000 ~ 16500 yuan (t price, The same as below) interval operation.
Due to the reduction of domestic supplies, the import market has become active and the number of downstream inquiries has increased. As the previous 30,000-ton plant of Kasdick in Russia was in overhaul status, the availability of sources was reduced. Coupled with the limitation of epichlorohydrin transportation in the early period of the Eastern Port, the period of Russian cargo arrival was extended by about 10 days, resulting in a reduction in the amount of imported goods in the short term. This will increase opportunities for other sources of imports, and companies that originally used Russian goods in the lower reaches began to look for other sources of supply. It is reported that the price of source orders in the import market is basically between 1950 and 2000 US dollars (CFR). The latest quotation for Russian vessels in October is 1,880 to 1,890 U.S. dollars (CFR), and the market's high-end price is around 2,000 U.S. dollars.
At the same time, due to the poor early-stage epoxy resin market and the low operating rate of enterprises, the supply of epoxy resin has also been reduced and the market is improving. The downstream epoxy resin market is relatively stable recently. The price of solid resin is about 23,000 yuan, and the price of liquid resin is between 26800 yuan and 28,000 yuan. With the National Day approaching and the downstream stocking increasing, the epoxy resin market may continue to improve.
After experiencing two major price cuts, the overall price of the epichlorohydrin market has been significantly lower than last year, and the industry's efficiency has also been declining. After the current domestic market sentiment has eased, manufacturers' prices are firmer, and low prices are limited to the core users. It is not possible to exclude the possibility of a subsequent slight increase in prices. The current focus and unfavorable factors are focused on the recovery of the new plant and the start-up of the manufacturer's plant. Due to the tight supply of imported goods, the import quotation has significantly increased compared with the previous month, which also gave a favorable signal to the weak domestic market.
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