Daily review of epichlorohydrin: continuation of lightness

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] October 27, 2008: The domestic market for epichlorohydrin continues to be light and mainstream on the trading day (October 24) The mainstream transaction price in the East China market continued to remain weak at 10,500 yuan/ton.
Market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn) indicated that the market continued to postpone the light pattern and spot trading negotiations on the same day.
Few, domestic manufacturers continue to list policies and postpone settlements, and the quotations are basically stable at 11,000 yuan/ton.
Actual sporadic negotiations have long been lower than this price; at present, the domestic epichlorohydrin market has been implemented for a long time and the actual settlement has been repeated.
The downward adjustment has no obvious guiding effect on the market.
Whether the current wave of settlement coincides with the mainstream is widely expected by market participants and still needs time to verify.
All parties are concerned about the introduction of manufacturers’ settlement prices at the end of the month; the main downstream consumer area-epoxy resin market, for the future To avoid the risk of frequent fluctuations in raw materials and consume high-cost inventory in the early stage, manufacturers generally reduce their operating load, and some of them are produced according to orders.
The demand for raw materials has continued to be weak; on the other hand, the import market has further shrunk, and downstream operations have been reduced in the past two months.
The volume is further reduced, even if the input processing companies are still taking the second place due to the sluggish export or the relatively low domestic raw materials, they try to purchase epichlorohydrin domestically.
The external market price drops by 30-60 US dollars/ton in the early stage, and the price of barrels is loaded.
It fell below US$1,900/ton (CFR China's main port).
At present, due to too thin transactions and lack of reference for import prices, the industry is not paying enough attention to the marginalized import market.
Import and export data in September may be available.

    On the last trading day (October 24), the domestic epichlorohydrin market atmosphere was even more "quiet", and the postponement of the listing of domestic manufacturers remained unchanged, and the quotation was basically unified at 11,000 yuan/ton.
The actual negotiation was lower than that, which resulted in lenient Downstream consumer demand is weak, manufacturers generally reduce and stop production, and market demand has further shrunk.
External liquid resin has also fallen sharply, reaching US$120-150/ton (CFR China’s main port).
Downstream construction and automotive industry demand is sluggish, and exports The progress was restrained to a certain extent; some changes in the raw material propylene market were slightly changed.
The Shandong region was driven by the small increase in downstream polypropylene and rebounded slightly.
Due to the downward trend in the overall petrochemical environment, there is a lack of optimistic expectations for this counter-trend; epichlorohydrin manufacturers have reduced production more However, the effect of short-term price protection and market stabilization is not obvious.
The downstream is looking forward to the release of the settlement price at the end of the month, so as to seek a certain clear direction; related products bisphenol A and downstream products epoxy resin are in the process of downward adjustment.
Choose to leave the market and wait and see.
The difficulty of market volume continues to increase, actual negotiations are limited, the market outlook continues to be bearish, demand is shrinking severely, supply circulation is stagnant, manufacturers maintain contract volume mainly, other shipments are relatively slow, and downstream industries purchase conservatively and lack replenishment.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 10,500-11,000 yuan/ton, the mainstream transaction price is 10,500 yuan/ton; the mainstream quotation in Huangshan region is 10,500-11,000 yuan.
/Ton, the mainstream transaction price is 10,500 yuan/ton; the mainstream quotation in North China is 10,500 to 11,000 yuan/ton, and the mainstream transaction price is 10,500 yuan/ton; the mainstream quotation in South China is 11,000 to 11,500 yuan/ton, and the mainstream transaction price is 11,000 yuan/ton.

    Domestic manufacturers continue to implement the listing policy and most of them adopt the deferred settlement method.
The quotations are all restored, the level is flat, and "acceptable, including freight", but it is still difficult to stimulate "buying".
At present, manufacturers have deepened production restrictions and can greatly reduce them.
The improvement of the supply-demand relationship is limited, and the weak demand is still a weakness.
In addition to the decline in raw material costs, manufacturers have to withstand the test of shrinking consumption.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn): Bohui Chemical’s ex-factory price is 11,000 yuan/ton (including freight), one set of 80,000 tons/year is operating at low load, and the other two sets of 8 +80,000 tons/year plant shutdown; Yangnong Chemical’s ex-factory price is 11,000 yuan/ton (including freight), and the price is lowered by 2,000 yuan/ton.
It is mainly for self-use and rarely shipped.
(Low-load operation); Xinyue Chemical’s ex-factory price is 11,000 yuan/ton (including freight), and the operating load of 3+30,000 tons/year is relatively low; Qilu Petrochemical’s ex-factory price is 11,000 yuan/ton (including freight), 32,000 tons/ The annual installation load is average; Tianjin Chemical’s ex-factory price is 11,000 yuan/ton (including freight), and the price is reduced by 1,500 yuan/ton.
The 28,000-ton/year device and the 33,000-ton/year device will be shut down on September 15 for parallel transformation and time.
It is planned to be restarted in January and has not yet restarted; Baling Petrochemical’s ex-factory price is 11,000 yuan/ton (including freight), and the price is reduced by 1,500 yuan/ton.
The 32,000-ton/year plant is operating normally, mainly for self-use and insufficient for export; Anbang 11,500 yuan/ Tons (including freight), down 2000 yuan/ton, 20,000 tons/year, the plant will be shut down for maintenance on September 15th, the planned time is half a month, there is no restart at present, and there is no inventory sales; Sandie Chemical lacks quotation, 25,000 tons/year The plant is shut down, and the product is supplied to the affiliated company; the 40,000 tons/year plant of Zhonghai Jinghua is about to be completed, and it is planned to put into trial operation in October.

(Our reporter Wu Xi)

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