Daily review of epichlorohydrin: continue to weaken

[China Epoxy Network (China Epoxy Industry Online)October 25, 2011: The domestic epichlorohydrin market continues to weaken, narrowly finishing.
On the last trading day (October 24, 2011), the mainstream transaction price in East China in the mainstream market temporarily formed a range of 12,500 yuan/ton, and the high-end price was reduced by 500 yuan/ton.
The market experts of China Epoxy.
com (China Epoxy Industry Online)said that the spot market was full of wait-and-see atmosphere on that day.
The main manufacturers continued to reduce prices and eliminate inventory, with poor results.
Trading merchants followed the market with limited transactions.
Downstream cost support continues to weaken and demand is weak; as manufacturers’ quotations continue to decline, downstream “slow sales” bottlenecks and start-ups drop sharply.
Raw materials are suppressed significantly, and related products fluctuate to find the bottom and aggravate market panic, which has become the current main industry chain.
Contradictory, it is expected that the spot market will continue to be weak and fluctuate and pay attention to changes in downstream mentality.
The weakness of epichlorohydrin in the external market continued.
FD Northwest Europe in Europe closed at 1620～1680 euros/ton.
Due to shrinking demand and gradual increase in supply pressure, the market outlook is facing a risk of lower prices.
Some offers are heard at 1,600 euros/ton FD, but Without attracting arbitrary buyers, the terminal cautiously wait and see.
Domestic epichlorohydrin market regional quotation: the mainstream quotation in East China is 13,000 yuan/ton, the mainstream transaction price is 12,500 yuan/ton, and the high-end price is reduced by 500 yuan/ton; the mainstream quotation in Huangshan area is 13,200 yuan/ton, and the mainstream transaction price is 12,700 yuan/ton.
The high-end price is lowered by 300 yuan/ton; the mainstream quotation in North China is 13000 yuan/ton, 12,500 yuan/ton, and the high-end price is lowered by 200 yuan/ton; the mainstream quotation in South China is 13500 yuan/ton, the mainstream transaction price is 13000 yuan/ton, and the high-end price is lowered by 500 yuan/ Ton.

The raw material of epichlorohydrin was weak and stable on the trading day (October 24, 2011).