Daily Review of Epichlorohydrin: Continued Weakness

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] June 26, 2009: The domestic epichlorohydrin market continues to be weak and the market is deadlocked.
On the last trading day (June 25), the mainstream transaction price in East China in the mainstream market temporarily maintained the range of 9,500-9,800 yuan/ton.
Market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that that day The level of market negotiation is consolidating.
The high-end is mostly small-volume bulk cargo, and the low-end is the manufacturer’s self-promotion.
The upstream and downstream industry chain has no favorable support for the time being.
The wait-and-see atmosphere is relatively strong, the transaction is limited, the downstream demand is still sluggish, and the market mentality is different.
Downstream manufacturers cautiously take goods and pay close attention to market trends.
The Asian propylene market fell sharply on the previous day.
FOB Korea closed down 895-897 US dollars/ton and lowered 22 US dollars/ton, increasing the market’s wait-and-see attitude, and the trading atmosphere was difficult to break through.
The market oscillated mainly and the fundamentals were temporarily stable.
In terms of external disks, the Asian market rose slightly.
Currently, the estimated prices of barrels and cans are both US$1150~1250/ton (CFR China’s main port), a slight increase of US$50/ton compared to the previous period; the raw material propylene market rose slightly, South Korea and Japan , Russia's supply is limited, market offers are firm, and the difference in intention between buyers and sellers widens.
In the early stage, the downstream epoxy resin market, driven by a small increase in raw materials, followed up slightly, but the end demand was still weak.
Epichlorohydrin merchants waited and watched the market, and their mentality was not good.
The raw material propylene market rose slightly, and the liquid chlorine market showed a slight increase.
Chaos, it is expected that the near-term ring chlorine will fluctuate mainly within a narrow range, and the fundamentals will not change significantly.

    On the last trading day (June 25), the domestic epichlorohydrin market was sluggish and consolidating within a narrow range.

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