Daily Review of Epichlorohydrin: High-end Moves Down

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 1, 2010: The high-end domestic epichlorohydrin market has moved downward and the range has been adjusted.
On the last trading day (June 30), the mainstream transaction price in East China in the mainstream market began to form a range of 12,500 to 12,600 yuan/ton, and the high-end price was reduced by 400 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association ( www.
epoxy-e.
cn ), the market was sluggish and consolidated within a narrow range on that day, and the overall negotiation atmosphere was relatively calm and weak.
Trade merchants had a wait-and-see attitude and general intent to obtain goods.
The downstream is still digesting the early inventory and the transaction is not large.
The downstream is waiting to wait and see, and the small order is still in operation.
The market fluctuated in a narrow range throughout the day, and the focus of high-end negotiations dropped slightly.
On Tuesday, I was worried about the slowdown in world economic growth, the collapse of global stock markets, the selling of oil prices, and the plunge of European and American crude oil futures by 3%; the direct raw material propylene weakened internally and externally, and local liquid chlorine markets were weak Downstream and intermediate businesses are more cautious, paying close attention to the production and sales trends of domestic manufacturers, and the short-term fluctuations in order to sort out the continuation of the market.
The downstream epoxy resin continued to adjust and stabilized temporarily, the market fluctuated within a narrow range, and the overall trading was average.
Domestic manufacturers’ prices have not fluctuated for the time being, the start-up of the 40,000-ton/year plant of Zhonghai Jinghua has been postponed again, and the 28,000-ton/year plant of Tianjin Chemical is gradually normal.
There is no inventory pressure at each plant, and the spot market is paying more attention.
There were not many major news in the epichlorohydrin market at the end of the month, but the overall atmosphere was slightly weaker than last week.
With the weakening of the raw material market and the lack of significant increase in downstream market demand, the outlook for epichlorohydrin is hardly optimistic.
  

    On the last trading day (June 30), the domestic epichlorohydrin market weakly moved downwards and fluctuated within a narrow range.

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