Daily review of epichlorohydrin: a lot of resistance

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] October 20, 2008: The domestic epichlorohydrin market is sluggish abnormally, and shipment resistance is heavy.
On the trading day (October 17) Japan) The mainstream transaction price in the East China region of the mainstream market fell to 11500~12000 yuan/ton, and the low-end was reduced by 500 yuan/ton.
The market experts of the China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that that day The market transaction appears to be sluggish and negotiations are almost stagnant.
Although some manufacturers’ quotations have fallen sharply again, and settlements are still delayed, and acceptance payments have resumed, the news of a buyer’s concession failed to cause a corresponding response in the spot market; as manufacturers The price is adjusted again, and the market follows quickly-another 500 yuan/ton step; the upstream series of raw materials continue to plummet-international oil fell below 70 US dollars/ton, domestic propylene fell below 8,000 yuan/ton, especially the direct raw material propylene recently The decline after the holiday has reached 3,000 yuan/ton, and the psychological price of market buyers is generally lower.
Downstream epoxy resin manufacturers have become more wait-and-see-due to the two major raw materials both falling and bearish, procurement is highly cautious and unusually conservative, so I would rather lower The plant is started and there is no rush to replenish stocks of raw materials; this has led to the continuous increase in market shipments.
Not only are market merchants facing pressure, but manufacturers have also expressed that in the case of the general decline in the petrochemical market, the shipment of epichlorohydrin will be resistance Larger, increasing inventory pressure, and shrinking demand have made sales worse.
It is no longer a category that can be solved by the price problem-the current quotation is lowered and the transaction is flat, and the transaction adjustment will be imminent later.

On the last trading day (October 17), the domestic epichlorohydrin market was even more sluggish.
Although the transaction price has been adjusted, as manufacturers’ quotations have been lowered, and most of them have continued to postpone settlement, the overall market offer has also fallen; downstream epoxy resins have limited start , Many cut starts or short-term shutdowns, mainly digesting product inventory, and slowing down the shipment pressure, especially solid epoxy resin manufacturers, so the raw material consumption is even more insufficient, and the resistance is further transmitted to the ring chlorine manufacturers.
The quotation is mostly 12,000 yuan/ton.
Below: Due to the downturn in the market and the serious wait-and-see by buyers, the intermediary businesses are in a difficult situation, and the volume is bleak.
Many start to "compared" with the manufacturers and adopt acceptance deferred settlements.
At the same time, the raw materials of propylene and chlorine continue to decline, and the cost pressure of the environmental chlorine manufacturers is eliminated.
Create room for price cuts in the market outlook; the focus of attention is: weak downstream demand, serious backlog of finished products, frequent price fluctuations, lagging cost transmission, face price reduction promotions, and loss-bearing choices.
With delayed settlement, fuzzy prices are delayed.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 11,500 to 12,000 yuan/ton, the price is reduced by 500 yuan/ton, and the mainstream transaction price is 11,500 to 12,000 yuan/ton.
The low-end price is reduced by 500 yuan/ton; the mainstream price in Huangshan area is 11500~12000 yuan/ton, 500 yuan/ton, the mainstream transaction price is 11500~12000 yuan/ton, and the low-end price is reduced 500 yuan/ton; the mainstream quotation in North China is 11500~12000 RMB/ton, down 500 RMB/ton, mainstream transaction price 11500~12000 RMB/ton, low-end price reduction 500 RMB/ton; South China mainstream quotation 12000~12,500 RMB/ton, 500 RMB/ton, mainstream transaction price 12000~ 12500 yuan/ton, lower end 500 yuan/ton.

    Domestic manufacturers are unable to stabilize the market and adjust their quotations.
The mainstream quotations are actually between 11,600 and 12,000 yuan per ton, and most of them use deferred settlement methods.
However, due to the long-term plummet of raw material propylene, the profit margins of manufacturers are far from comparable in the previous period, so the market outlook is adjusted greatly.
There is room, the current weak demand is still the fatal weakness, and the manufacturers' reduction in production remains unchanged in order to improve the supply-demand relationship.
According to the market experts of China Epoxy Industry Association (www.
epoxy-e.
cn): Bohui Chemical’s ex-factory price is 12,500 yuan/ton (including freight), and settlement is delayed.
One set of 80,000 tons/year is operating normally, and the other 2 Sets of 80,000 tons/year equipment will continue to stop; Yangnong Chemical has closed the disk, the initial ex-factory price of 13,000 yuan/ton (including freight), mainly for self-use, few shipments, 3+30,000 tons/year installation load is relatively Low; Xinyue Chemical's ex-factory price is 11,600 yuan/ton (including freight), 400 yuan/ton is lowered, and settlement is delayed, and the operating load of the 3+30,000 tons/year device is low; Qilu Petrochemical’s ex-factory price is 11,600 yuan/ton (including freight) , Decrease 400 yuan/ton, 32,000 tons/year equipment is operating normally; Tianjin Chemical’s ex-factory closure, preliminary ex-factory price of 12,500 yuan/ton (including freight), 28,000 tons/year equipment, 33,000 tons/year equipment September 15 Daily parking, and line-up transformation, time plan is January; Baling Petrochemical’s ex-factory price is 12,500 yuan/ton (including freight), and the 32,000 tons/year plant is operating normally, mainly for self-use, and insufficient for export; Anbang electrochemical closure, early stage The ex-factory price is 13,000 yuan/ton (including freight), and the 20,000-ton/year plant will be shut down for maintenance on September 15 for a period of half a month.
There is no restart at present; Sandie Chemical lacks a quotation, and the 25,000-ton/year plant has a low operating load.
Product supply related enterprises; Zhonghai Fine Chemical's 40,000 tons/year plant is about to be completed, and it is planned to put into trial operation in October.

(This station reporter Shuohua)

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