Daily Review of Epichlorohydrin: Continue to Downward

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on November 6, 2008: The domestic epichlorohydrin market continues to decline, the mainstream market East China on the trading day (November 5) The mainstream transaction price in the region has formed a range of 8000-8500 yuan/ton, and the low-end price has been reduced by 500 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market continued to weaken that day, domestic manufacturers continued to postpone their listings, and actual spot negotiations continued to fall, forming a new low range, and the center of gravity tended to At the low end, market transactions are flat and shipments are slow; the whole day is characterized by weak consolidation, market quotations are simultaneously falling, recurring day-to-day cross adjustments, downstream epoxy resin starts slightly increased, raw materials are purchased on demand, and prices are mostly delayed settlement ; It has experienced continuous sharp declines and has recently been sorted out slightly.
However, under the background of listed sales, there are many low-priced transactions and it is still difficult to maintain stability.
The load of manufacturers has increased, the downstream downturn remains the same, the market digestion capacity is limited, and supply and demand are still difficult to balance.
The impact of the macroeconomic weakness on the overall chemical industry has not yet been eliminated, and market confidence needs to be restored.
The outer disk of epichlorohydrin continued to fall, and the Asian market fell again by US$100/ton.
The current spot price is estimated at: US$1,650 to US$1,700/ton for barrels (CFR China's main port), and US$1,600 to US$1650/ton for tanks and tanks (CFR).
China's main port), due to the dim downstream consumer demand, the continuous decline of upstream raw materials, and the increasing inventory pressure, the sellers continue to reduce their quotations.
There are few transactions in the market and the price difference between buyers and sellers is 400 US dollars/ton.

The domestic epichlorohydrin market continued to decline on the previous trading day (November 5).
Although the manufacturer’s listed quotation was stable and still at 9,000 yuan/ton (extended), the downstream demand was weak and the cost of raw materials was even lower, so buyers had little purchase intentions.
, The level of negotiation has dropped again, the downstream construction has picked up slightly, and confidence in the market outlook is still low.
The decline of raw material prices has slowed down.
Among them, the mainstream propylene market in Shandong area, the mainstream price is 4400-5000 yuan/ton, the mainstream transaction price is 4200-4400 yuan/ton, far away from the first-line platform of 5000 yuan/ton; while the external market is only 300-310 USD/ton (FOB Korea), a record low in 7 years, and the price of glycerin is also at a low level.
At present, from a cost perspective, raw material prices are at a low level regardless of the propylene process or the glycerin process, and the ring chlorine manufacturers still have a lot of profit margins.
Although the start-up is still low, the demand is difficult to change, and there is still a strong bearish atmosphere in the market.
According to market experts from China Epoxy-e.
cn (www.
epoxy-e.
cn), the mainstream quotation in East China is 8500-9000 yuan/ton, the low-end price is reduced by 500 yuan/ton, and the mainstream transaction price is 8000-8500 yuan/ton.
Tons, the low-end is reduced by 500 yuan/ton; the mainstream in Huangshan area is reported at 8500-9000 yuan/ton, the low-end is reduced by 500 yuan/ton, the mainstream transaction price is 8000-8500 yuan/ton, and the low-end is reduced by 500 yuan/ton; the mainstream in North China The quotation is 8500-9000 yuan/ton, the low-end price is reduced by 500 yuan/ton, the mainstream transaction price is 8000-8500 yuan/ton, the low-end price is reduced by 500 yuan/ton; the mainstream quotation in South China is 9000-9500 yuan/ton, and the low-end price is reduced by 500 yuan /Ton, the mainstream transaction price is 8500-9000 yuan/ton, and the low-end price is lowered by 500 yuan/ton.

    Some domestic manufacturers restarted their parking devices and continued their listing policies.
The resistance level of 8,500 yuan/ton is being lost.
8,000 yuan/ton seems to be insured.
The severe test still exists, but the sharp decline phase may end.
The market outlook is expected to slow down.
Mainly, after all, there is still room for cost, and many manufacturers are psychologically prepared, and individual news of restructuring is spread.
According to market experts from China Epoxy 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 plant is to drive in turn, and one set of 80,000 tons/year is restarted.
, Low-load operation, the remaining 2 sets of 80+80,000 tons/year plant shutdown cycle; Tianjin Chemical’s ex-factory price is 9,000 yuan/ton (including freight), the 28,000 tons/year plant is operating normally, and the 33 thousand tons/year plant September 15 It still stops daily; Xinyue Chemical’s ex-factory price is 9,000 yuan/ton (including freight), and the operating load of 3+30,000 tons/year is relatively low; Yangnong Chemical’s ex-factory price is 11,000 yuan/ton (including freight), mainly for self-use, less There are shipments, 3+30,000 tons/year equipment 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 closure, the pre-ex-factory price is 11,000 yuan/ Tons (including freight), 32,000 tons/year, the installation is temporarily stopped, the restart time is unknown, mainly for self-use, and the export is insufficient; Anbang electrochemical closure, the initial ex-factory price of 11,500 yuan/ton (including freight), 20,000 tons/year of installation Low-load operation; Sandie Chemical lacks quotation, 25,000 tons/year device restarts, low-load operation, product supply related companies; China Shipping Fine Chemical's 40,000 tons/year device is about to be completed, and it is planned to be commissioned in October, and it seems to be November It's difficult to make a trip.

(Our reporter Meili)

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