Daily review of epichlorohydrin: a decline

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 29, 2009: The domestic market demand for epichlorohydrin is not supported and has declined.
On the last trading day (December 28), the mainstream transaction price in the mainstream market in East China began to enter the range of 14,500-14,800 yuan/ton, and the low-end fell by 300 yuan/ton and the high-end fell by 300 yuan/ton.
According to the analysis of market experts from the China Epoxy Resin Industry Association (www.
epoxy-e.
cn), the market was light in the morning, with intermediate merchants’ offers slightly lowered, and downstream active inquiries decreased compared with the previous period, and the focus of the negotiation period was lowered.
There are few transactions heard; following the weak market operation last weekend, downstream slow follow-up, and limited transaction volume, we still need to pay attention to the trend of raw materials and manufacturers' trends.
It is expected that the market will continue to fluctuate.
Relatively speaking, low prices are still difficult to find, and continued negotiations are limited.
Toward the end of the year, a small number of merchants ship at low prices, with shortage of supply, some trading merchants still have a mentality, downstream procurement is not active, and transactions are scarce.
The current market highlights are: the trend of international crude oil, raw material propylene, and liquid chlorine, the quotation trends and start of major domestic manufacturers, the start and demand of downstream epoxy resins, and the mentality and operation of traders.
The Asian market continues to rise slightly and fluctuates upwards.
At present, the mainstream reference negotiation is 1,650-1750 US dollars/ton (CFR China's main port), and the low-end is raised by 50 US dollars/ton; of which: including anti-dumping tax 5% tank filling offer, firm 1750 ~1,800 USD/ton (CFR China main port), affected by poor demand, there is not much market negotiation, some buying intentions are mostly at 1,650 USD/ton (CFR China main port), and the difference between the buyer and the seller is about 100 USD/ton.

On the last trading day (December 28), the domestic epichlorohydrin market declined slightly, and the atmosphere turned weak.

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