Daily review of epichlorohydrin: a new low

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 18, 2008: The domestic epichlorohydrin market continues to decline, and the previous trading day (December 17) mainstream The mainstream transaction price in the East China market began to run at 6,300-6500 yuan/ton, and the low-end price was reduced by 200 yuan/ton.
The market experts of China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that the market consolidated within a narrow range and declined slightly on that day.
The mainstream quotation was 6,500 yuan/ton, which was already a slightly earlier transaction level.
Actually negotiated the low-end 6,300 yuan.
/Ton, forming a narrow price difference, the downstream demand is flat, ready to use, the overall atmosphere is general, and the delivery volume is not good.
At present, the main downstream consumption area-the epoxy resin industry, still has further production reduction plans, and demand support has been shaken ; Downstream epoxy resin resin market, affected by the continued weakness of its application demand and the continuous decline in the raw material market, the price is further down, the market focus is downward, the solid resin 10,000 yuan mark is precarious, and the low price of liquid resin is heard; raw materials; The propylene market can still operate steadily.
Shandong, North China, and Northwest regions are mainly responsible for maintaining stability.
The Northeast region has seen a sharp decline in installations, tight spot supply, relatively stable downstream demand, and stable supply and demand.
It is expected that there will be little changes in the near future, and stability is still the main objective.
the Lord.
However, due to the limited supply scale-domestic manufacturers continue to control the start of construction and limited sales, the restart of the shutdown device may not be large, the price policy remains stable at a low level, and Anbang Electrochemical cuts 500 yuan/ton to 7000 yuan/ton (including freight), supply and demand are relative The balance is struggling to maintain, the room for short-term price fluctuations is limited, and possible fluctuations remain to be seen during the two periods.

    On the last trading day (December 17), the domestic epichlorohydrin was operating in a weak market, and the downstream is available on demand, the negotiation interest is not intense, the mainstream quotation is weak, the focus of the negotiation is falling, the market operation is slightly weak, and all parties are concerned about the manufacturers Production and sales; low-priced sources of goods emerge in the regional market, the mentality becomes more cautious, negotiations slow down, the price may slip to 6000 yuan/ton, the influence of imported sources is basically eliminated, domestic manufacturers dominate the market, and the downstream consumer sector demand changes, becoming one of the dominant market factors The related product bisphenol A continues to fall, and downstream buyers are hesitant and cautious, which has a certain linkage impact on the ring chlorine.
At present, the market is still dominated by weak consolidation and space is limited; although manufacturers continue to control the starting load, the downstream industry volume and prices have fallen.
, Demand shrinks, raw material purchases are mostly affected by bearish expectations, environmental chlorine manufacturers report high and low returns, and the calm atmosphere is broken again and is lost in the wait and see; Tianjin Chemical Industry and Yangnong Chemical Industry have no clear plan for shutting down their installations.
With the continuous weakness of the spot market and the overall stabilization of the raw material propylene-the quotation remains stable and the refinery starts normally, it is expected that the short-term resumption of production will be further reduced.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 6,500 yuan/ton, the mainstream transaction price is 6,300-6500 yuan/ton, and the low-end price is reduced by 200 yuan/ton; The mainstream price in Huangshan area is 6500 yuan/ton, the mainstream transaction price is 6300-6500 yuan/ton, and the low-end price is lowered by 200 yuan/ton; the mainstream price in North China is 6500 yuan/ton, the mainstream transaction price is 6300-6500 yuan/ton, and the low-end price is lowered by 200 Yuan/ton; the mainstream quotation in South China is 7000 Yuan/ton, the mainstream transaction price is 6800-7000 Yuan/ton, and the low-end price is reduced by 200 Yuan/ton.

    The epichlorohydrin external disk market continues to be weak.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the Asian market has fallen further by US$50/ton.
The shrinking downstream demand towards the end of the year, and the weak domestic RMB price, continue to impose downward pressure on it.
Pressure, reference negotiations are only at US$900-1,000/ton (CFR China's main port), downstream buyers mostly wait and see, negotiations are lackluster, and limited buying interest is generally low.
The current Asian regional market offers are at US$1,050/ton for barrels (CFR China’s main port), and tanks of US$1,000/ton (CFR China’s main port).
However, the buying interest in the market is weak, and some of them have low negotiating intentions.
At 700-800 US dollars (CFR China's main port); manufacturers continue to control the start-up load, the overall load in Asia is less than 70%, but the domestic load is only about 30% low, and mainstream negotiations are 6300-6500 yuan/ton.
In fact, the import market has been highly marginalized, while export negotiations continue to maintain a lacklustre pattern.
Yangnong's chemical plant was shut down this month and there is basically no export plan.
Bohui Chemical's export volume is limited.
Regarding epoxy resins in downstream Asia, the same market situation is not very promising.
Among them, liquid resins are quoted at US$2200-400/ton (CFR China’s main port).
Due to the flood of low-priced domestic sources, any price higher than US$2200/ton (CFR China’s main port) The price of Hong Kong) is not attractive to the market; towards the end of the year, downstream demand is still further weakening, and the downward pressure on the market is greater; it is heard that the Asian market also offers low prices to Europe and the United States, about 2200 US dollars/ton (CFR China main port) Around the time, the mainstream quotation in the Southeast Asian market is at US$2200-2300/ton (CFR Southeast Asia), and negotiations are relatively light.

(Our reporter Liang Xi)

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