Daily review of epichlorohydrin: clearer transactions

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on April 17, 2009: The domestic epichlorohydrin market has increased risk and cleared transactions, last trading day (April 16 ) Although the mainstream transaction price in East China in the mainstream market barely maintains the 13,000 yuan/ton platform, there are obvious signs of decline and a downward trend.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), although the raw material propylene was small in the market on that day, all parties waited and watched and it was difficult to catch up.
The market was running at a high level and the center of gravity had fallen.
The overall market transaction is very limited; the main manufacturers’ quotations continue to be strong, still at 13,500 yuan/ton, and the negotiation is below 13,000 yuan/ton.
Most of them are small orders, still waiting for the "two factories" to become clear-Tianjin Chemical's 33,000 tons/year installation The commencement of construction and the sale of CNOOC Jinghua’s external quotations will completely ease the tight supply situation at that time.
Propylene in the raw material market rebounded slightly and took advantage of the trend.
The sentiment of shipments has slowed down compared with the previous period.
The negotiated price in Shandong area is 7,300 yuan/ton.
At the end of April and early May, more propylene arrived in Hong Kong.
The market inventory has increased and the rebound is expected to be limited; One liquid chlorine is operating within a narrow range, and the negotiated price in Shandong area is 1,400 yuan/ton, which is slightly lower.
The price of raw material propylene has begun to sort out, and the downstream bearish atmosphere has gradually increased and it has become more cautious to obtain goods.
At present, the domestic market resources have been slack, the supply of goods is concentrated on the main manufacturers, and the sales strategy is still the focus of the market.
The market merchants no longer look at their "faces" and the actual prices are being adjusted.
The market is expected to consolidate and decline at a high level.

    On the previous trading day (April 16), the domestic epichlorohydrin was weak at the high level, the offer was still strong, and the transaction has weakened.

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