Daily review of epichlorohydrin: continued rising weakness

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] February 20, 2009: The domestic epichlorohydrin market is circling and finishing, and continues to grow weak, the last trading day (February 19) ) The mainstream transaction price in the East China region of the mainstream market continues to stalemate at 8,500 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market’s characteristics on that day were: weak upward movement, consolidation-oriented, overall thin trading, and strong wait-and-see atmosphere.
The factories took turns to rise earlier.
At present, Qilu Petrochemical is still holding low, and other plants are as high as 9,000 yuan/ton, and the actual negotiation is about 8,500 yuan/ton.
At the same time, the manufacturers control the start and the spot resources are limited; the raw material propylene market has fluctuated, and the price in Shandong has fallen.
, However, the manufacturers' quotations are still stable-ranging from 7000 to 7200 yuan/ton.
The actual market transaction range is slightly lower, already in the range of 6900 to 7000 yuan/ton.
The downstream propylene oxide has declined recently, especially in the polypropylene market in Shandong.
, Part of the shutdown or reduced load production; downstream epoxy resin manufacturers are highly wait-and-see, raw materials-mainly epichlorohydrin-the market has risen rapidly, cost pressures have increased, and quotations have been raised, but downstream receiving goods are more cautious and the market The number of transactions is small, restricting the corresponding development of the price market; in short, the market is mainly consolidating in the near future, and it has been difficult to move up, especially when the raw material propylene has begun to turn back, the operating load is about to increase, the supply and demand relationship is facing a turning point, the cost support energy is weakened, and the post-holiday quotation is accumulated Rising 1,500 yuan/ton, downstream resistance gradually increased, and the market slipped into a "price but no market" situation.On the last trading day (February 19), the domestic epichlorohydrin market was consolidating, trading remained thin, and quotations continued to be firm—manufacturers were mostly at 9,000 yuan/ton, and actual discussions centered on 8,500 yuan/ton, and device start-up continued to be controlled.

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