Daily review of epichlorohydrin: another step down

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on November 17, 2008: The domestic epichlorohydrin market has not stopped falling, and the next step is on the trading day ( November 14) The mainstream transaction price in East China in the mainstream market further fell to 6500-7000 yuan/ton platform, and the low-end price was reduced by 500 yuan/ton.
The market experts of China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that the market was in a continuous downward adjustment that day.
The resistance level of 7,000 yuan/ton was lost in an instant.
Manufacturers continued to postpone their listings and market mainstream reference was limited.
The pressure on shipments has increased and the negotiation has declined.
The low end of the transaction space has been lowered to 6,500 yuan/ton.
There are also hearsays and the bearish momentum will not change; the trend of tight prices of raw material propylene has further evolved, and the mainstream market in Shandong has ranked first.
At the 6,000 yuan/ton line, the price and cost of epichlorohydrin are gradually getting closer, but downstream demand is still poor, and short-term recovery is not expected.
Can this wave of propylene increase further, and how positive is it to produce epichlorohydrin? The overall attitude is difficult to be optimistic, but the pessimism has been somewhat diluted; the external quotations are obviously "higher" than the domestic spot, the negotiation continues to be flat, there are few transactions heard, the import market is further marginalized; the downstream continues to follow a narrow range Reorganizing the trend, the demand for epoxy resin has not changed significantly, the digestion of social inventories has been slow, the decline of raw materials has accelerated, and the market outlook is secret.
Affected by the mentality of "buy up, not buy down", market transaction activities are light, and small orders are mainly heavy.
In short, epichlorohydrin short-term factors are still numerous.

On the last trading day (November 14), the domestic epichlorohydrin market has not stopped its downward adjustment.
Recently, it has basically taken 500 yuan/ton as a step, and the high and low ends have alternated daily downward trend, with a loss of 500 yuan/ton every 2 days; manufacturers continue to list Postponement and no relevant settlement intentions, spot prices are messy, mainstream is obscure, and the resistance level of 6,500 yuan/ton is still weak; external market trends are also sluggish, downstream demand is slow, the Chinese market is declining, and various shocks continue to put pressure, and the recent drop is 150 USD/ton, to 1450～1550 USD/ton (CFR China's main port), the buyer and seller's intentions are obviously different, and there are few transactions heard; domestic manufacturers continue to start construction and postpone settlement, and some manufacturers’ listed quotations are lowered-Tianjin Chemical 8000 yuan/ Tons (including freight), down 1,000 yuan/ton, Xinyue Chemical 8,000 yuan/ton (including freight), 1,000 yuan/ton, Anbang Electrochemical 8,000 yuan/ton (including freight), high-end down 500 yuan/ton, and the rest It is still mostly 9,000 yuan/ton (including freight), and it is expected that staged settlement will be carried out later.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 8000 yuan/ton, the mainstream transaction price is 6500-7000 yuan/ton, and the low-end price is reduced by 500 yuan/ton; The mainstream price in Huangshan area is 8000 yuan/ton, the mainstream transaction price is 6500-7000 yuan/ton, and the low-end price is reduced by 500 yuan/ton; the mainstream quotation in North China is 8000 yuan/ton, the mainstream transaction price is 6500-7000 yuan/ton, and the low-end price is reduced by 500 Yuan/ton; the mainstream price in South China is 8500 yuan/ton, the mainstream transaction price is 7000-7500 yuan/ton, and the low-end price is reduced by 500 yuan/ton.

Domestic manufacturers maintain the start of construction and postpone settlement, and the resistance levels will be dropped one by one: from 9,000 yuan / ton, 8,500 yuan / ton, 8,000 yuan / ton, loss of helmets and loss of armor and then damage to 7,500 yuan / ton, and then 7,000 yuan / ton key The position is lost, and it is expected that the sharp decline phase may end, but the market is still falling.
Manufacturers are more psychologically prepared and are expected to conduct phase settlement next week.
According to the market experts of China Epoxy Industry Association (www.
epoxy-e.
cn): Bohui Chemical’s ex-factory price is 9,000 yuan/ton (including freight).
The operation strategy of the device is to drive in turn, and one set of 80,000 tons/year is low.
Load operation, and the remaining 2 sets of 80+80,000 tons/year plant shutdown cycle; Tianjin Chemical's ex-factory price is 8,000 yuan/ton (including freight), the 28,000 tons/year plant is operating normally, and the 33 thousand tons/year plant will be shut down on September 15 So far; Xinyue Chemical’s ex-factory price is 8,000 yuan/ton (including freight), and the operating load of 3+30,000 tons/year is relatively low; Yangnong Chemical’s closing price is 11,000 yuan/ton (including freight), mainly for self-use , Few shipments, 3+30,000 tons/year device is operating at low load; Qilu Petrochemical’s ex-factory price is 9,000 yuan/ton (including freight), and the 32,000-ton/year device is operating normally; Baling Petrochemical’s disk is closed, and the previous ex-factory price is 11,000.
RMB/ton (including freight), 32,000 tons/year installations will be temporarily shut down, restart time is unknown, mainly for self-use, and insufficient export; Anbang electrochemical sealing plate 8,000 RMB/ton (including freight), 20,000 tons/year installation low load Operation; Sandie Chemical lacks quotations, and the operating load of the 25,000-ton/year plant is relatively low, and the product is supplied to affiliated companies; the 40,000-ton/year plant of China Shipping Fine Chemicals is about to be completed.

(Our reporter Shuzhi)

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