Daily review of epichlorohydrin: adjustments pending

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] October 22, 2008: The domestic market for epichlorohydrin has not closed for adjustment, and the mainstream on the trading day (October 21) The mainstream transaction price in the East China market dropped all the way to 11,000 yuan/ton, and the high-end price was reduced by 500 yuan/ton.
According to analysis by market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market sentiment remained sluggish and weak.
, Domestic manufacturers’ shipment resistance increased, and delayed listing prices were frequently lowered, which aggravated the downstream wait-and-see mentality and increased market instability, which further led to a decline in downstream consumption and fundamentally restrained market demand.
The market quotation was fully consistent at 11,000 yuan/ Tons, some are lower and many have heard; the trading atmosphere is sluggish throughout the day, the market and manufacturers have fully postponed settlements, and the limited market negotiation is very embarrassing.
Buyers, manufacturers and merchants, generally report that shipments are difficult, except for some contract users.
Foreign and bulk cargo negotiations are very scarce.
Due to the delayed price, the substantive mainstream has not been obvious; the raw material propylene continues to plummet for several days, and it has been reduced by 1,000 yuan/ton to 6,000 yuan/ton, and in a blink of an eye, it has reached 5700 yuan/ton.
It is difficult to be optimistic.
The price difference with epichlorohydrin has been further widened and has reached a level of about 5,000 yuan/ton; while the main downstream epoxy resins continue to be exhausted, and the production load has a further downward trend.
In particular, the solid resin is operating less than 40%, and the market mentality is pessimistic.
, Continue to be bearish on the market outlook, the weak downstream demand and the increase in the decline in the external market, the market outlook for epichlorohydrin is really worrying, and the price is no longer able to adjust the market operation.

On the last trading day (October 21), the domestic epichlorohydrin market fell further, the downstream demand continued to shrink and the purchase intention was few, the quotation was opened lower, and the transaction was relatively lacking.
The mainstream price fell again by 500 yuan/ton, and the raw material propylene plummeted in the external market.
140 US dollars/ton, the domestic market fell below 6000 yuan/ton, generally expected that there is still a large room for decline; some manufacturers listed to a new low-further down to 11,000 yuan/ton, and "acceptance, postponement, delivery", but as The so-called postponement of settlement has no major guiding significance for the market.
The market is still calm and negotiations continue to fall.
Manufacturers also say that the postponement is invalid, and there is little stimulation of downstream demand and consumption.
Recently, the value of the industry chain has been declining.
With shrinking, manufacturers’ shipments are even more difficult.
The market outlook is generally pessimistic and the downward trend is still inevitable.
Petrochemical products have fallen further and the ring chlorine continues to fall.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 11,000 yuan/ton, 500 yuan/ton down, mainstream transaction prices 11,000 yuan/ton, and high-end prices down 500 yuan.
/Ton; the mainstream price in Huangshan area is 11,000 yuan/ton, down 500 yuan/ton, the mainstream transaction price is 11,000 yuan/ton, the high-end price is down 500 yuan/ton; the mainstream price in North China is 11,000 yuan/ton, 500 yuan/ton, the mainstream transaction The price is 11,000 yuan/ton, and the high-end price is reduced by 500 yuan/ton; the mainstream quotation in South China is 11,500 yuan/ton, and the price is reduced by 500 yuan/ton, the mainstream transaction price is 11,500 yuan/ton, and the high-end price is reduced by 500 yuan/ton.

Domestic manufacturers once again adjusted their prices downward.
The mainstream quotations have reached 11,000 yuan/ton.
Most of them adopt deferred settlement methods, and "acceptable, including freight", but it is still difficult to stimulate "buying".
At present, the improvement of supply and demand relations is limited, and demand is still weak.
Weakness.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn): Bohui Chemical’s ex-factory price is 11,000 yuan/ton (including freight), 1,500 yuan/ton is lowered, settlement is delayed, and the first set of 80,000 tons/ The annual installation will stop briefly, and the other two sets of 80+80,000 tons/year will continue to stop; Yangnong Chemical has closed the disk, and the initial ex-factory price is 13,000 yuan/ton (including freight), mainly for self-use, rarely shipped, 3+30,000 The operating load of the ton/year device is relatively low; Xinyue Chemical’s ex-factory price is 11,000 yuan/ton (including freight), 600 yuan/ton is lowered, and settlement is delayed.
The operating load of the 3+30,000 tons/year device is relatively low; Qilu Petrochemical’s ex-factory price is 11,000 Yuan/ton (including freight), lowered by 600 Yuan/ton, 32,000 tons/year equipment operation load is lower; Tianjin Chemicals factory is closed, the preliminary ex-factory price is 12,500 Yuan/ton (including freight), 28,000 tons/year equipment, The 33,000-ton/year plant was shut down on September 15 for merging transformation.
The time is planned to be January.
It has not yet restarted; Baling Petrochemical’s ex-factory price is 12,500 yuan/ton (including freight), and the 32,000-ton/year plant is operating normally.
Mainly for self-use, insufficient for export; Anbang electrochemical seals, the initial ex-factory price of 13,000 yuan/ton (including freight), and the 20,000-ton/year unit will be shut down on September 15 for maintenance, the planned time is half a month, and there is no restart; Sandie Chemical Lack of quotation, the 25,000-ton/year plant is shut down, and the product is supplied to affiliated companies; the 40,000-ton/year plant of Zhonghai Fine Chemical is about to be completed, and it is planned to put into trial operation in October.

(Our reporter Xi Shi)

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