Daily review of epichlorohydrin: depressed mentality

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on May 20, 2010: The domestic epichlorohydrin market has been depressed and the overall market is on the sidelines.
On the last trading day (May 19), the mainstream transaction price in East China in the mainstream market continued to stay in the range of 16,800-17,000 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market trading atmosphere on that day was relatively thin, the weak consolidation of the chemical market continued, the market mentality was waiting to see, the pace of heavy volume was slow, and the negotiation and shipment were sluggish.
A small number of low-end and lower prices are also heard; although manufacturers offer firm prices, the market is slightly weaker, oil prices continue to fall, bulk commodities are adjusted in depth, the market is under pressure, and buyers are cautious.
For the current high profits and high prices, downstream are resisting wait-and-see sentiment Increase and wait for the market outlook to become clear.
The raw material propylene market has recently fluctuated and declined.
The external disk has reached US$1,255/ton (FOB Korea), and the spot price has fallen slightly to 9,800 yuan/ton.
The downturn is difficult to reverse.
Even if the oil price recovers, it will be difficult to turn the tide; the liquid chlorine market has differentiated in various regions, Jiangsu The region continues to be weak, the market in Shandong is deadlocked, and mainstream negotiations are 1,500 to 1,600 yuan/ton.
The overall atmosphere of epoxy resins has faded.
Some sales pressures have become prominent, and prices have begun to loosen.
Some supply orders are still strong, and the overall shipments are weaker than the previous period and the center of gravity is dropping.
In short, bulk commodities are falling, the market mentality is weakening, manufacturers are very priceless and appear awkward, and the spot trend gradually differentiates from the high report.
The downstream shocks weaken and negatively contradict high-level raw materials.
In addition to contract supply, poor supply circulation, short-term narrow-range weakness Organize mainly.

    On the last trading day (May 19), the domestic epichlorohydrin market was weak and trading was sluggish.
Although the manufacturers offer high prices, the market did not appreciate it.
The wait-and-see light pattern continued, and negotiations were hard to see improvement.
In addition to the normal circulation of contracted sources, The actual shipments are limited; the stock market and the bulk commodity market fell sharply on Monday-Black Monday was affected by the supply and demand relationship of epichlorohydrin; the current international crude oil fell to 70 US dollars per barrel, and the internal and external problems of the commodity market continued to be under pressure.
Oxychloropropane is cautious at high levels and mostly short-term wait-and-see.
It is expected that the spot market will continue to fluctuate within a narrow range.
Some manufacturers of raw material propylene have lowered their listed quotations, oil prices have plummeted, polypropylene has fallen, and the market for epoxy products has been sluggish.
Although a wide range of low-priced goods have not been available, adjustment risks have increased and more attention; liquid chlorine market prices have risen slightly, and supply and demand are restricted Space is limited.
The downward adjustment calls for bulk commodities are urgent and the atmosphere is sluggish.
The short-term cost of the epichlorohydrin market is imbalanced, the contradiction between supply and demand, and the major manufacturers are actively supporting the market.
The current high levels in the downstream are mostly resisting and waiting.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 17,000-17,500 yuan/ton, the mainstream transaction price is 16,800-17,000 yuan/ton; the mainstream quotation in Huangshan region is 17,000～ 17,500 yuan/ton, the mainstream transaction price is 16800-17000 yuan/ton; the mainstream quotation in North China is 17000-17500 yuan/ton, the mainstream transaction price is 16500-16800 yuan/ton; the mainstream quotation in South China is 17500-18,000 yuan/ton, the mainstream transaction price 17300～17500 yuan/ton.

    A small number of domestic epichlorohydrin manufacturers have followed the adjustment and overhauled, waiting to see the market, intending to stabilize the price.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), Bohui Chemical’s ex-factory price is 18,000 yuan/ton (including freight), 500 yuan/ton is raised, and 8+8+80,000 tons/ The annual equipment maintenance is completed and is being restored.
The contract supply is the main one and no orders will be received temporarily; Tianjin Chemical’s ex-factory price is 17,000 yuan/ton (including freight), and the 2.
8+33,000 tons/year device will be overhauled and resumed in 11-16 days; Xin Yue Chemical’s ex-factory price is 18,000 yuan/ton (including freight), and the 40,000-ton/year plant is operating stably and at full load; Qilu Petrochemical’s ex-factory price is 17,000 yuan/ton (including freight), and the contract is 50% of the 32,000-ton/year plant load.
Mainly, the delivery of goods is normal, and the goods are on the sidelines; Yangnong Chemical is closed, the pre-factory price is 15,000 yuan/ton (including freight), and the 3+30,000 tons/year device will be shut down on the 15th for maintenance and scheduled to restart on the 22nd, most of which are for self-use , No export; CNOOC Refined and closed, the ex-factory quotation is 14,000 yuan/ton (including freight), the 40,000-ton/year plant starts smoothly at full load, 80% of the load, pre-contracted, and core users are the main customers; Huaxiang Chlor-Alkali Factory Quotation is 16,500 RMB/ton (including freight), 35,000 tons/year, the device is operating normally, 70% of the start-up, sales are average, and goods are on-the-go; Baling Petrochemical’s ex-factory price is 17,500 yuan/ton (including freight), and the 32,000-ton/year device is operating normally , The load is high, mainly for self-use, and a small amount of external supply; Anbang electrochemical seals, the initial ex-factory price of 6,500 yuan / ton (including freight), 25,000 tons / year equipment continues to stop, and the restart time is unknown.

(Our reporter Liang Xi)

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