Daily Review of Epichlorohydrin: Finishing Continued

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on June 30, 2009: The domestic epichlorohydrin market continues to tidy up, and the market is deadlocked.
On the last trading day (June 29), the mainstream transaction price in East China in the mainstream market remained at the range of 9,500-9,800 yuan/ton.
The market experts of the China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed and stated that , The market was consolidating within a narrow range on that day, the level of negotiation remained, the high-end goods were difficult to sell, and the price stalemate was mid-to-low-end transactions; propylene continued to rise slightly, and individual manufacturers had strong intentions to increase, but they were affected by sluggish demand , The downstream resistance is obvious, and the market is mainly on the sidelines.
The current market’s real trends are: poor demand and expected volatility.
Last week, the market was dominated by sideways, and merchants’ delivery speed was significantly slowed.
Although individual merchants still had plans for upward adjustments, they were finally reduced under the drag of demand.
It's a bubble.
In terms of the operation of the manufacturer's installations: the restart of the 40,000-ton/year installations of China Shipping Fine Chemicals, the number of market supplies has increased significantly, and the trading merchants and downstream manufacturers are mainly waiting and seeing, and the enthusiasm for obtaining goods is not high.
The market remained tidy on that day, with prices tending to be mid-to-low, downstream demand was still weak, transactions remained modest, raw material propylene continued to be strong, manufacturers' cost pressures increased, and some had no lack of price increases intentions, but the current demand was poor and manufacturers were still cautious in their operations.
In short, the price of raw materials is fluctuating, and the market lacks transaction support.
At present, negative factors have become the dominant factor.

    On the last trading day (June 29), the domestic epichlorohydrin market did not change much, consolidated within a narrow range, the atmosphere was relatively calm, there was a lack of substantial negotiations, the limited transaction price remained in the range, and the low-end was mostly self-raised or pre-contracts, and merchants reported high The low appearance is still there.

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