Daily review of epichlorohydrin: down-listing

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 20, 2008: The domestic market of epichlorohydrin has a callback, and the upward momentum is weak.
The trading day (November 19) The mainstream transaction price in East China in the mainstream market is hovering at 6500-7000 yuan/ton, and the low-end price is lowered by 300 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market adjusted within a narrow range on the same day and the market was weakly down.
Some manufacturers’ listed deferred quotations were lowered to 7,500 yuan/ton (including freight).
Wait-and-see and buyers are still insufficient.
Although the low-end has been adjusted downwards, the actual fluctuations are not large.
Therefore, the market has entered a stalemate.
The upward movement is impossible and the downward adjustment is limited.
All parties are concerned about the raw materials and manufacturers' trends; domestic manufacturers are pragmatic and dominated, and most again The listed quotations were lowered, including Qilu Petrochemical and Tianjin Chemical to 7,500 yuan/ton, Baling Petrochemical to 8,000 yuan/ton, and Yangnong Chemical to 9,000 yuan/ton.
Other manufacturers hesitated to impact manufacturers, and the recent overall sales volume is still average.
The raw material propylene began to consolidate and stabilize.
12 Asian companies with 1,500 tons offered an offer of US$480/ton (FOB Korea, spot L/C), and buyer intentions of US$450-460/ton (FOB Korea, spot L/C).
The last trading day closed slightly higher by 10-20 US dollars/ton, the domestic spot market was narrowed down, local and regional market manufacturers reported stability, and the mainstream market in Shandong was stable.
It is still discussed at 6400-6500 yuan/ton; the current market is rising and the atmosphere is cooling down , The market is smoothly sorted out, and the downstream still hasn't improved significantly.
The industry has little confidence in the market outlook and mainly wait-and-see.

    On the previous trading day (November 19), the domestic epichlorohydrin market was transferred to the order.
The low-end of the negotiation was at 6,500 yuan/ton, and some were slightly lower.
Downstream users were still cautiously covering their positions and paying attention to raw materials and manufacturers' trends.
It can be formed on a large scale; because the consumer sector-the epoxy resin market is still seldom improving, and the international crude oil is hovering at a low level, and propylene has stabilized, the short-term market is gradually becoming clear.
The external market plummeted by US$200-250/ton, the spot price of barrel cargo was estimated at US$1250-1350/ton (CFR China's main port), and tanks and tanks were negotiated at US$1200-1300/ton (CFR China's main port).
Substantial discussions were still lacking.
The market The intention to accept orders is low, below US$1,000/ton (CFR China's main port), and some Chinese exports are quoted at US$1,200/ton (CFR Northeast Asia).
According to market experts from China Epoxy-e.
cn, the mainstream quotation in East China is 7500-8000 yuan/ton, the low-end price is reduced by 500 yuan/ton, and the mainstream transaction price is 6500-7000 yuan/ Tons, the low-end price is lowered by 300 yuan/ton; the mainstream in Huangshan area is reported to be 7500-8000 yuan/ton, the low-end is lowered by 500 yuan/ton, the mainstream transaction price is 6500-7000 yuan/ton, and the low-end is lowered by 300 yuan/ton; the mainstream in North China The quotation is 7500-8000 yuan/ton, the low-end price is lowered by 500 yuan/ton, the mainstream transaction price is 6500-7000 yuan/ton, the low-end price is lowered by 300 yuan/ton; the mainstream quotation in South China is 8000-8500 yuan/ton, and the low-end price is lowered by 500 yuan /Ton, the mainstream transaction price is 7000-7500 yuan/ton, and the low-end price is lowered by 300 yuan/ton.

    Domestic manufacturers have maintained their operating levels, continued to adjust their quotations, and partially cancelled postponed settlements and no longer listed.
However, most of them are still listed.
There is still a wait-and-see atmosphere, and the push is obviously weak.
The expected market will be adjusted within a narrow range.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn): Bohui Chemical’s ex-factory price is 8,000 yuan/ton (including freight), and settlement continues to be postponed.
An 80,000-ton/year unit is in operation, 2 A set of 80,000+80,000 tons/year equipment is shut down; Tianjin Chemical’s ex-factory price is 7,500 yuan/ton (including freight), 500 yuan/ton is lowered, and settlement continues to be postponed.
The 28,000 tons/year device is operating normally, and the 33,000 tons/year device 9 Shut down on 15th till now; Xinyue Chemical’s ex-factory price is 8,000 yuan/ton (including freight), the delayed settlement is cancelled, and the operating load of the 3+30,000 tons/year device is low; Yangnong Chemical’s ex-factory price is 9,000 yuan/ton (including freight) , Decrease 2,000 yuan/ton, mainly for self-use, few shipments, low-load operation of 3+30,000 tons/year installations; Qilu Petrochemical’s ex-factory price is 7,500 yuan/ton (including freight), and the low-end price is reduced by 500 yuan/ton/high-end Decrease 1,500 yuan/ton, continue to postpone settlement, 32,000 tons/year equipment is operating normally; Baling Petrochemical is 8,000 yuan/ton (including freight), down 3,000 yuan/ton, 32,000 tons/year equipment restarts, and load increases to 70～ 80%, mainly for self-use, insufficient for export; Anbang electrochemical seals 8,000 yuan/ton (including freight), continues to postpone the settlement, 20,000 tons/year installations are operating at low load; Sandie Chemical lacks quotations, 25,000 tons/year installations The operating load is low, and the products are supplied to affiliated companies; the 40,000-ton/year plant of Zhonghai Fine Chemicals is about to be completed.
It is planned to be commissioned in October and it seems that it will be difficult to start in November.

(Our reporter Huan Yang)

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