Daily review of epichlorohydrin: few transactions

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] February 12, 2010: The domestic epichlorohydrin market has begun to close with few transactions.
On the last trading day (February 11), the mainstream transaction price in East China in the mainstream market will temporarily retain the range of 16,000 to 16,500 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market had outstanding performance in terms of price and less market.
The collection is ready for a holiday.
As many downstream companies have left the market for holidays and stopped purchasing, the seller’s quotation is stable at 17,000 yuan/ton and there are few people interested.
The actual negotiated price is below 16,500 yuan/ton; the overall trading atmosphere is relatively quiet, and prices are expected to be available during the Spring Festival.
Due to the low market situation, the industry cautiously wait and see that the main manufacturers start construction and purchase on-demand.
At the end of the month, the market rose by 12.
25%, and the market stopped rising and stabilized.
The end of the year is approaching, and the overall transaction scale is gradually shrinking.
Looking forward to the downward pressure on the market after the holiday, the start of the leading enterprises may increase, and the epichlorohydrin industry may have overcapacity.
Manufacturers lowered their start-ups across the board, leading to tight supply in the spot market, and the gap is getting bigger and harder to make up, and prices are rising.
The market has recently risen strongly.
However, as the Spring Festival approaches downstream, the demand continues to be sluggish, and the market has stopped rising and stabilized.
Rumors lead the market.
The company's second set of equipment resumed, and the market atmosphere was slightly disordered, and industry insiders wait and see.
Dual raw material cost pressures, continued sluggish terminals, poor production and sales of epoxy resin manufacturers, difficult to pass on costs, little interest in entering the market, more cautious at the end of the year, more parking or planned parking, no obvious stockpile phenomenon.

    On the previous trading day (February 11), domestic epichlorohydrin maintained its quotation, with few transactions.
In the short-term, downstream manufacturers continued to cautiously wait and see.
Rigid demand was maintained and demand was difficult to start.
The actual operation of main factories became the focus of the industry.
The spot market continues to be tight and the market continues to run at a high level.
If the spot supply is replenished and the main factories start to respond, the market situation will be a different picture, and the follow-up downside space will be larger.
Industry insiders are cautious and wait-and-see, and the trading atmosphere is relatively calm.
Downstream and intermediate merchants are leaving the market one after another.
Except for the implementation of manufacturer contracts and few spot trading reports, the negotiated price can be maintained, the downstream mentality is more cautious, and the market outlook is not very optimistic; the current market The shock market was weak and the pre-contract implementation was the main focus.
The internal market of raw material propylene began to decline.
The market was generally bearish after the holiday and the chance of adjustment was expected to be greater.
Buyers basically had no intention to stock up before the holiday.
The market continued to bleak the negotiation pattern and fluctuate within a narrow range.
With the approaching of the Spring Festival and the downstream stops and production reductions, market demand has further shrunk, mainstream manufacturers' shipment intentions have increased, the market is focused on the low-end, some cash self-increasing prices are low, the volume of transactions is limited, and contracted supply is the main focus.
According to market experts from the China Epoxy Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 16500~17000 yuan/ton, the mainstream transaction price is 16000~16500 yuan/ton; the mainstream quotation in Huangshan region is 16500~ 17000 yuan/ton, the mainstream transaction price is 16000-16500 yuan/ton; the mainstream quotation in North China is 16500-17000 yuan/ton, the mainstream transaction price is 16000-16500 yuan/ton; the mainstream quotation in South China is 17000-17500 yuan/ton, the mainstream transaction price 16500～17000 yuan/ton.

    Epichlorohydrin manufacturers have high prices and stable operations.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), Bohui Chemical’s ex-factory price is 17,000 yuan/ton (including freight), the first set of 80,000 tons/year is operating normally, and the second The 80,000-ton/year installation has attracted wide attention, and the third 80,000-ton/year installation continues to be shut down.
Contract supply is the mainstay, and shipments are smooth; Tianjin Chemical’s ex-factory price is 15,500 yuan/ton (including freight), 28,000 tons/year The annual plant is operating normally, the 33,000-ton/year device continues to shut down, the sales are stable, and the contract is the priority; Xinyue Chemical’s ex-factory price is 17,000 yuan/ton (including freight), and the 3+30,000-ton/year device is operating stably, and half of the operations are started.
The shipment situation is general, and the contract execution is the main one; Qilu Petrochemical’s ex-factory price is 15,500 yuan/ton (including freight), 32,000 tons/year, the plant is operating normally, the load is 50%, the contract is the main and the planned delivery; Yangnong Chemical’s ex-factory price is 17,000 RMB/ton (including freight), 3+30,000 tons/year, the device is operating normally, 90% of the start-up, mostly for self-use, part of the export, mainly for contract execution; China Shipping Refinery seals the disk, the preliminary ex-factory quotation is 9600 yuan/ton (including Freight), the 40,000 tons/year device is operating normally, the load is 50%, the inventory is low, the intention to take the goods before the holiday is strong, and the walking volume; Huaxiang chlor-alkali is closed, the pre-factory price is 15,500 yuan/ton (including freight), 3.
5 The 10,000-ton/year device is operating normally and the load is 50%.
The pre-contract is mainly executed, and the shipment situation is average; Baling Petrochemical’s ex-factory price is 17,000 yuan/ton (including freight), and the 32,000-ton/year device is operating at full load, mainly for self-use , Export sales increased slightly; Anbang electrochemical closure, the pre-factory price of 6,500 yuan / ton (including freight), 20,000 tons / year equipment continued to shut down.

(Our reporter Xi Shu)

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