Daily review of epichlorohydrin: bottoming out

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on June 10, 2010: The domestic epichlorohydrin market continues to bottom out and the market continues to fall.
On the last trading day (June 9), the mainstream transaction price in East China in the mainstream market further dropped to the range of 13,500-13,700 yuan/ton, and the high-end price was lowered by 300 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was still unclear on that day and the wait-and-see was strong.
Although the manufacturer’s price policy was unclear and the buyers and sellers were waiting, the actual market was adjusted all the way.
The cumulative decline has reached 3,500 yuan/ton.
At present, most of the high-end prices are quotations, and the center of gravity continues to decline.
Downstream procurement is cautious and pay close attention to the situation of heavy volume.
The market pays close attention to when the bottom is reached and the trend of turbulence and consolidation continues.
The upstream raw material market fluctuates in a narrow range as a whole: the propylene market is downcast, and the transaction situation is average.
The negotiated price in Shandong is 9100~-9250 yuan/ton, and the relevant downstream areas are slightly weak; the liquid chlorine market is deadlocked and there is little room for short-term fluctuations.
The negotiated price in Shandong 1400~1600 yuan/ton.
Downstream, in view of the huge dive of epichlorohydrin, the overall demand for epoxy resin has shrunk, and the price has fallen further.
Solid resin tested the resistance level of 19,200 yuan/ton, and liquid resin lost 24,000 yuan/ton to the resistance level.
Spot prices were messy and lower.
.
The epichlorohydrin market is not yet clear.
The downstream is cautiously waiting and watching, the transaction volume is moderate, the price is frequently falling, and it has gradually approached the sensitive area.
The market attention has increased, and the recent exploration of the chassis has continued, and the manufacturer's price, production and sales have been closely monitored in the short-term.

    On the last trading day (June 9), the domestic epichlorohydrin market was deserted and the market was weak.

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