Daily review of epichlorohydrin: a big setback in the external market

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 3, 2008: The domestic market for epichlorohydrin declined at the low end, and the range was once again opened up on the trading day (10 March 31) The mainstream transaction price in the East China region of the mainstream market began to form a range of 8,500-9,000 yuan/ton, and the low-end was reduced by 500 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), if the market on that day is summed up in one sentence, it would be "continuing to fall".
The downturn has not changed, and the market continues to fall, although the new low is 8500 yuan.
/Ton, and the acceptance is still delayed, but there are not many actual discussions and the trend of lowering prices is serious.
The negotiation intention has fallen to about 8,000 yuan/ton, the global economic recession, crude oil shocks bottoming out, the upstream and downstream decline has not been reduced, and the market mentality is poor.
How did the weak city "fall"; the domestic manufacturers' operations on that day were characterized by fewer openings and more stops, and full extension.
Among them, the Bohui chemical plant was fully shut down and the inventory was digested.
The Tianjin chemical plant plans to restart recently and Yangnong Chemical shut down.
As soon as one start (low load operation), Xinyue chemical plant started half of the work, Qilu petrochemical plant started to be acceptable, and the order was suspended at the end of the month, Baling petrochemical plant shut down, Jiangsu Anbang plant restarted soon, and no material was released temporarily.
Jiangsu Sandie started relatively Low, basically self-use; due to the rapid decline in domestic downstream demand, on the one hand, imports are small and further marginalized.
On the other hand, domestic operations have been significantly reduced, and the overall load is only about 20%.
Despite this, the raw material propylene has fallen both internally and externally.
The propane market is still under heavy pressure, with very few transactions and prolonged formation.

    The domestic epichlorohydrin market continued to be adjusted on the last trading day (October 31).
Many downstream manufacturers stopped production, or low-load operation and small-scale start-ups.
The raw materials basically digested the preliminary inventory, and a small amount of negotiations followed the market, although the month ended.
Introduced, but the postponement is still there.
On the surface, the quotation and the transaction are the same at around 9,000 yuan/ton.
In fact, low prices are still emerging, and the cash portion can be reduced by 500 yuan/ton, and the immeasurable characteristics are outstanding, and there are few transactions heard; The market is dominated by sporadic small orders, and the intermediate merchants are slow to ship, just like the manufacturers.
The market is subject to 9,000 yuan/ton.
Acceptance delivery and deferred settlement are implemented.
The overall inventory resource digestion is slow, and the downstream still consumes more early inventory and controls The start-up load, the demand scale is difficult to increase in the short term; at the same time, some of the manufacturers’ restart plans have emerged, which basically "offset" the shutdown factors.
The market outlook is still difficult to understand.
The economy continues to slow down, global demand is shrinking, the bulk of petrochemical products have not yet seen the bottom, and the weak consolidation trend will continue under the background of sluggish epichlorohydrin consumption, and it will take a long time to stop the decline.
According to market experts from China Epoxy Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 9,000 yuan/ton, and the mainstream transaction price is 8,500-9,000 yuan/ton; the mainstream quotation in Huangshan is 9,000 yuan/ton.
, The mainstream transaction price is 8500-9000 yuan/ton; the mainstream quotation in North China is 9000 yuan/ton, the mainstream transaction price is 8500-9000 yuan/ton; the mainstream quotation in South China is 9500 yuan/ton, and the mainstream transaction price is 9000-9500 yuan/ton.

    The epichlorohydrin external disk market declined sharply.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the quotations of Asian barrels fell by US$90-100/ton to US$1750-1800/ton (CFR China’s main port).
The quotation of canned goods fell by US$100/ton to US$1700~1750/ton (CFR China’s main port).
Due to the weak market demand and the impact of China’s spot market, due to the continuous decline of the raw material propylene, it is expected that there is still room for decline in the next few weeks.
Not in a hurry to purchase, the market’s buying momentum is weak, and many downstream cuts and suspends production to digest inventory, which greatly reduces import demand; there is an offer of $1,800 per ton (CFR China’s main port) and a 4% anti-dumping duty.
Buyers are not attractive; there is an offer for tanks and tanks at US$1750-1800/ton (CFR China’s main port), excluding 5% anti-dumping duties, and the buyer’s intentions have a large price difference of US$400-500/ton; the manufacturer frankly stated It is difficult to make a deal at US$1,700/ton (CFR China's main port), but it is difficult to further reduce the cost in view of the continued weak demand, and many manufacturers have reduced their operations by about 20%.
On the ocean side, Dow Bulk Water offered an offer of US$1,800/ton for canning, a decrease of US$300/ton from October, mainly due to the weak raw material market.
Market participants said that the price is still high and unattractive.
Although China’s spot market has tumbled again and again, prices in Japan and South Korea are relatively stable.
Currently, prices in Japan and South Korea are at 270 yen/kg (including freight), and in South Korea at 2300-2400 won/kg (including freight).
China's demand is weak, and South Korean exports are shrinking significantly.

(Our reporter Feng Fei)

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