Daily review of epichlorohydrin: flat operation

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 16, 2008 News: The domestic epichlorohydrin market is running flat and the market is declining, on the trading day (December 15) ) The mainstream transaction price in East China in the mainstream market began to operate on the 6,500 yuan/ton platform, and the high-end price was reduced by 200 yuan/ton.
Market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn) said that the market was still running flat that day.
Downstream users and stockholders often wait and see and offer few active quotations.
The production and sales of major downstream epoxy resins have slowed recently.
It is also heard that the acceptance negotiation is slightly lower.
The market pays more attention to the latest trends of manufacturers and the negotiation atmosphere has weakened; domestic manufacturers control the start of construction and the load is about 30%, and most downstream buyers are ready to use them.
The short-term balance of the market is maintained, and the overall negotiation rhythm is weak.
The quotation range is relatively narrow, and the actual negotiation between the factory and the market is consistent, and the price is unchanged at 6,500 yuan/ton.
Due to the large price difference between the internal and external disks, the weak downstream demand, the oversupply in the region, the forced price cuts for promotion, the offer of barrels of US$1,050/ton (CFR China's main port), excluding anti-dumping duties, still lacks attractiveness to the downstream market, negotiation Continue to maintain a weak pattern; in terms of the trend of the epichlorohydrin export market, the export volume of Bohui Chemical is limited, and the Yangnong Chemical plant is shut down and there is no export plan in December.
The downstream epoxy resin market is partially weakened-the starting load of solid resin has been reduced, and the consumption of demand has decreased correspondingly, and the overall mentality has become weak.
However, the supplier has insisted on high prices and stable support of raw materials, and has not yet shown too strong resistance.

    On the last trading day (December 15), the domestic epichlorohydrin market continued to be weak, the price range was stable, the focus was on the low end, the mainstream negotiation was unified at 6,500 yuan/ton, the overall negotiation pace was flat, downstream users and intermediate merchants, paying attention to recent manufacturers The installation started, the atmosphere was dull, the market was sluggish, and there were many low-level bids.
The downstream demand was still weak and the delivery was negative.
At present, the domestic manufacturers, Qilu Petrochemical, Xinyue Chemical, and Anbang Electrochemical continue to control the start, Bohui Chemical said There is a production suspension plan, but it has not been clearly confirmed yet-it means that the contract supply is the mainstay, and the production will continue to be sold in the later period.
Yangnong Chemical and Tianjin Chemical will continue to stop, and there is no clear start plan.
The future start of construction is still dependent on demand; factory installations The overall start-up is not high and the contradiction between supply and demand is not very prominent, but crude oil fluctuates at a low level, and the weak propylene market is adjusted.
Downstream funding pressure is heavy and demand is still shrinking.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 6500-6800 yuan/ton, the mainstream transaction price is 6500 yuan/ton, and the high-end price is reduced by 200 yuan/ton; Huangshan The regional mainstream price is 6500-6800 yuan/ton, the mainstream transaction price is 6500 yuan/ton, the high-end price is reduced by 200 yuan/ton; the mainstream quotation in North China is 6500-6800 yuan/ton, the mainstream transaction price is 6500 yuan/ton, and the high-end price is reduced by 200 yuan/ton ; Mainstream quotations in South China are 7000-7300 yuan/ton, mainstream transaction prices are 700 yuan/ton, and high-end prices are lowered by 200 yuan/ton.

    Domestic manufacturers control the start-up and sales at real prices, and many installations are stopped or reduced in production.
The overall load is still around 30%, and the factory and market prices continue to be consistent.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn): Bohui Chemical’s ex-factory price is 7,000 yuan/ton (including freight), one set of 80,000 tons/year is operating normally, and the other two sets of 8+ 80,000 tons/year plant shutdown; Tianjin Chemical’s ex-factory price is 6,500 yuan/ton (including freight), 28,000 tons/year plant will be shut down on November 21, 33,000 tons/year plant will be shut down on September 15, and there is no clear start-up plan in December ; Xinyue Chemical’s ex-factory quotation is 7,000 yuan/ton (including freight), and the operating load of 3+30,000 tons/year is acceptable; Yangnong Chemical’s pre-ex-factory quotation is 9,000 yuan/ton (including freight), mainly for self-use, There are few shipments, and the 3+30,000 tons/year device continues to stop and the restart time is unknown; Qilu Petrochemical’s ex-factory price is 6,500 yuan/ton (including freight), and the 32,000 tons/year device has a normal operating load; Baling Petrochemical’s ex-factory price is 7,500 yuan /Ton (including freight), 32,000 tons/year, the parking and start-up time of the device on December 2 depends on the market, mainly for self-use, and insufficient export; Anbang Electrochemical’s ex-factory price is 7,500 yuan/ton (including freight), and the actual delivery is on the market The 20,000-ton/year plant is operating at low load; Sandie Chemical lacks quotations, and the operating load of the 25,000-ton/year plant is relatively low.
The product is supplied to affiliated companies; the 40,000-ton/year plant of Zhonghai Fine Chemicals has been completed, and the start-up time was originally scheduled.
October, now it is postponed again, and it is expected that the production may not be large within the year.

(Our reporter Feng Fei)

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