Daily review of epichlorohydrin: continued weakness

[China Epoxy Network (China Epoxy Industry Online)November 10, 2011: The domestic epichlorohydrin market continues to consolidate and run weak.
On the last trading day (November 09, 2011), the mainstream transaction price in East China in the mainstream market temporarily maintained the range of 11,700 to 12,000 yuan/ton.
According to the analysis of the market experts of China Epoxy Network (China Epoxy Industry Online)the spot market on the same day as manufacturers report declines and downstream wait-and-sees intensify.
At present, there are still many light warehouses in the downstream to purchase on demand, and second-hand merchants The market outlook lacks a clear grasp, and many currencies still remain on the sidelines; despite the current lack of support in terms of raw materials, in view of the low operating load of the industry as a whole, the intention of other companies to follow up and downgrade is unknown, and oil prices have risen for 5 consecutive days.
The market is intertwined with longs and shorts.
The stalemate situation continues.
The epichlorohydrin external disk market is temporarily stable.
Due to the weak demand in downstream electronics and other industries, the demand for epoxy resin is difficult to increase.
In view of the low level of the domestic spot market, the main importers have little interest in negotiations.
CFR China Reference Negotiations US$1800~1950/ Tons, of which 200 tons of goods delivered in November were sold at US$1,800/ton CFR, and another supplier offered an offer of US$1,850 to US$1,900/ton CFR, which was unattractive.
Domestic epichlorohydrin market regional quotation: the mainstream quotation in East China is 12,300 yuan/ton, the mainstream transaction price is 11,700-12,000 yuan/ton; the mainstream quotation in Huangshan area is 12,500 yuan/ton, the mainstream transaction price is 12,000 yuan/ton; the mainstream quotation in North China is 11,800 The mainstream transaction price is RMB 11500~11600/ton; the mainstream price in South China is RMB 12800/ton, and the mainstream transaction price is RMB 12,200~12,500/ton in the range of RMB 11,700~12000/ton.

On the trading day (November 9, 2011), the raw materials of epichlorohydrin were temporarily sorted out.