Daily review of epichlorohydrin: a high degree of wait-and-see

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] February 24, 2009: The domestic epichlorohydrin market is highly wait-and-see, and the soft image is strengthened, on the trading day (February 23) Although the mainstream transaction price in the East China region of the mainstream market maintains the line of 8,500 yuan/ton, slightly lower prices have appeared more frequently.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), there was a strong wait-and-see atmosphere in the market, limited transactions, and changes in manufacturers, mainly reflected in the increase and decrease in supply.
Among them: Bo The second set of Huihua Chemical started up smoothly, Qilu Petrochemical suspended the billing, and Yangnong Chemical reduced its load.
The raw material market support also sees adjustments-propylene and liquid chlorine are both up and down.
The market mentality is slightly unstable and there are more wait-and-sees.
Among them: propylene has plunged last week, and the current price has basically stopped falling, and the Shandong area is mostly 6100-6200 yuan /Ton, some of the downstream polypropylene plants are planned to restart, local refineries are generally started, and export sales are expected to decrease; liquid chlorine prices continue to rise, mainstream negotiations are 1100-1200 yuan/ton, low-cost resources are hard to find, and the market outlook is mostly bullish.
Downstream epoxy resin starts to increase slowly, the wait-and-see atmosphere is strong, and the overall delivery is slow.
The application industry as a whole is especially-the powder coating industry has yet to recover, and the raw materials are cautiously; the mainstream offer of external disk manufacturers is US$900/ton (CFR) China's main port), the low-end negotiations slightly moved up by 20-30 US dollars/ton to 830-850 US dollars/ton (CFR China main port).
Due to the low crude oil fluctuations and the sharp correction of pure benzene, domestic spot prices weakened slightly, and importers discussed More cautious and fair transaction situation.

On the last trading day (February 23), the domestic epichlorohydrin market was mainly organized, and it is already weak.
Most of the negotiations are slightly lower at 8,500 yuan/ton.
The overall transaction is limited and narrow consolidation is the main thing.
However, resources are still tight and downstream It is still very cautious to take the goods, the market remains the main one for the time being, and it is unable to push up.
The raw material propylene has risen in the early stage and gradually consolidated and the line is weak, and the cost support has obviously weakened.
Affected by the early-stage raw material propylene rise and the domestic spot tension, the external disk still rose to a certain extent, but the domestic spot upward momentum was weak and the external disk was mostly inertial.
At the same time, the raw material propylene market is no longer-mainly due to the decline in downstream propylene oxide, the decrease in polypropylene production, the tight supply of epichlorohydrin, and the upward movement of negotiations.
However, the market is rising rapidly and the downstream industries are cautious in obtaining goods, and their cost pressures have increased and demand Time digestion; the recent upside has been difficult, and short-term consolidation is the main focus.
It is evident that the load of manufacturers has increased or decreased.
We still wait and see the market trend and the start of downstream construction.
It is to be observed after the start of the increase-in fact, the soft picture is now in sight.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 8500-9000 yuan/ton, the mainstream transaction price is 8500 yuan/ton, some are slightly lower; the mainstream quotation in Huangshan area 8500-9000 yuan/ton, mainstream transaction price is 8500 yuan/ton, some are slightly lower; mainstream quotation in North China is 8500-9000 yuan/ton, mainstream transaction price is 8500 yuan/ton, some are slightly lower; mainstream quotation in South China is 9000-9500 yuan /Ton, the mainstream transaction price is 9,000 yuan/ton, some are slightly lower.

    Domestic manufacturers’ ex-factory quotations are temporarily stable, and 9,000 yuan/ton is still the leading factor.
The start of installations has been adjusted, some manufacturers have restarted, some manufacturers have reduced their load, and new manufacturers have postponed their production.
The overall start of construction has increased, and the long-term load is still watching.
" rise".
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), Bohui Chemical’s ex-factory price is 9,000 yuan/ton (including freight), the first set of 80,000 tons/year is operating normally, and the third The 80,000-ton/year unit was shut down, and the second 80,000-ton/year unit was restarted smoothly on the 22nd; Tianjin Chemical closed the disk, and the preliminary ex-factory price was 6,500 yuan/ton (including freight), and the 28,000-ton/year device was November 21 The 33,000-ton/year plant was shut down on September 15 and the restart plan was clearly postponed to March; Xinyue Chemical’s ex-factory price was 9,000 yuan/ton (including freight), and the 3+30,000-ton/year plant was operating at low load; Yangnong Chemical The ex-factory price is 9,000 yuan/ton (including freight), and the operation load of the 30+30,000 tons/year device is reduced; Qilu Petrochemical’s ex-factory price is 8100 yuan/ton (including the freight), the billing is suspended, and the 32,000 tons/year device is operating at low load, It is planned to be overhauled in mid-April; Baling Petrochemical’s ex-factory price is 9,000 yuan/ton (including freight), and the 32,000-ton/year plant is operating normally, mainly for self-use, and insufficient for export; Anbang electrochemical closure, pre-factory quotation is 6,500 yuan/ton (Including freight), the 20,000-ton/year facility shutdown for maintenance and restart time is undetermined; Sandie Chemical lacks quotation, the 25,000-ton/year facility is temporarily shut down, and the product is supplied to an affiliated enterprise; the 40,000-ton/year facility of Zhonghai Precision Chemical Co.
, Ltd.
was completed at the end of last year , The start-up plan has been postponed repeatedly, and production is currently tentatively scheduled for March.

(Our reporter Huan Yang)

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