Daily Review of Epichlorohydrin: Continued Weakness

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 15, 2009 News: Domestic epichlorohydrin continues to be weak and the market is sluggish.
On the last trading day (July 14), the mainstream transaction price in the East China region of the mainstream market was temporarily weak and stable at 9,300 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market continued to be sluggish that day, and the level of negotiation has weakened and slightly lowered.
Some manufacturers have no clear quotations for the time being, and mainly wait and see the market trend.
The overall transaction is very small and the shipment pressure is high; the market continues to operate weakly and the wait-and-see is strong, and the downstream is affected by the poor demand, and the overall consumption of raw materials is limited.
Some manufacturers have the intention to adjust prices, and the dynamics still need attention.
The market continues to fluctuate and fall, but the range is limited.
The raw material propylene market fell slightly last week.
The price in Shandong was 7900~8300 yuan/ton and the mainstream transaction price was 8000 yuan/ton.
The overall transaction was limited and the wait-and-see atmosphere increased slightly.
The liquid chlorine market mainly fluctuates within a narrow range, and low-price supply is difficult.
However, the demand is still low and the market is difficult to push up.
The transaction price in Shandong is 900-1000 yuan/ton.
The rise in the US stock market boosted prices.
Crude oil futures fell slightly on Monday, breaking away from the earlier decline-closing down 0.
20 US dollars to 59.
69 US dollars per barrel-the lowest since May 19, propylene continued to be strong, support is limited; market outlook forecast demand There is little change.
The downstream start-up is still not high, the enthusiasm for raw material procurement is not high, cautiously wait and see the market outlook, lack of favorable support, the market focus is difficult to see stable, the market supply is still sufficient, the downstream demand is not good, the transaction continues to be weak, still pay more attention to the late-stage manufacturers Start of construction.

    On the previous trading day (July 14), the domestic epichlorohydrin market continued to be sluggish, and the price market continued to weaken, and the slightly lower level is still heard.
The relevant manufacturers have lowered their quotations and increased the wait-and-see attitude of the market.
Downstream demand has been sluggish and market transactions have been poor.
The current lack of positive support continues, the domestic market continues to fall, and the main manufacturers have stable operation and abundant spot resources.
The downturn in downstream demand is difficult to change in the short term, and follow-up is limited.
Merchants and downstream have a strong wait-and-see attitude and a relatively pessimistic attitude.
The market continues to fluctuate.
Manufacturer dynamics still need to be closely watched.
The raw material propylene has skyrocketed in the early stage and gradually consolidated.
The domestic market continues to rise and is unable to fight the sluggish demand.
The energy seems to be still slightly inferior, and the demand cannot form a scale support; the market is abundant and some inventories are high, although the manufacturers have not been shrinking before.
However, the news of lowering the price or volume, but the opening of the week soon "come true", trading merchants and downstream manufacturers are subject to sluggish demand, poor delivery, strong wait-and-see, pessimistic mentality.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 9,500 yuan/ton, the high-end price is reduced by 500 yuan/ton, the mainstream transaction price is 9,300 yuan/ton; the mainstream in Huangshan area The quotation is 9500 yuan/ton, the high-end price is reduced by 500 yuan/ton, the mainstream transaction price is 9300 yuan/ton; the mainstream quotation in North China is 9500 yuan/ton, the high-end price is lowered by 500 yuan/ton, the mainstream transaction price is 9300 yuan/ton; the mainstream quotation in South China is 10000 Yuan/ton, the high-end price is reduced by 500 Yuan/ton, and the mainstream transaction price is 9,800 Yuan/ton.

    Domestic manufacturers’ quotations were partially adjusted and partially wait-and-see, demand constraints were prominent and cost factors were difficult to rely on.
According to the introduction of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), Bohui Chemical’s ex-factory price is 9,300 yuan/ton (including freight), 8+8+80,000 tons/year equipment, totaling 240,000 The production capacity of ton/year is running smoothly, and the fourth set of 80,000 tons/year plant is under construction.
It is planned to be put into operation in February 2010, and the total production capacity will reach 320,000 tons/year; Tianjin Chemical’s ex-factory price is 9300-9500 yuan/ton (including freight ), the 2.
8+33,000 tons/year plant is operating normally; Xinyue Chemical’s closing, the pre-factory quoted price is 10,000 yuan/ton (including freight), and the 30+30,000 tons/year installation load is half; Yangnong Chemical 10,000 yuan/ton ( (Including freight), the 30,000-ton/year device is operating at full load, and another 30,000-ton/year device is shut down.
It is mainly for self-use and limited export; the pre-ex factory price of 9600 yuan/ton (including freight), 4 Half of the 10,000-ton/year installation load; Qilu Petrochemical’s initial ex-factory price is 12,500 yuan/ton (including freight), and the 32,000-ton/year device restart time has been postponed to July.
At present, the hope is low; Baling Petrochemical’s ex-factory price is 11,000 yuan /Ton (including freight), the equipment load of 32,000 tons/year is 80%, mainly for self-use, and the export is insufficient; Huaxiang chlor-alkali 35,000 tons/year installation has been completed, and the commissioning date is tentatively scheduled in July.
Propylene is purchased and chlorine is self-supplied.
Japan's propylene high-temperature chlorination technology; Anbang electrochemical sealing, the pre-factory price of 6,500 yuan / ton (including freight), 20,000 tons / year equipment continues to stop and restart, there is still no plan; Sandie Chemical lacks a quotation, 25,000 tons / In the year, the installations were operating normally, and all the products were supplied to related companies.
(Our reporter Ruo Hua)

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