Daily review of epichlorohydrin: in the narrow market

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on December 3, 2008: The domestic epichlorohydrin market continues to consolidate within a narrow range with few fluctuations.
On the trading day (December) 2nd) The mainstream transaction price in East China in the mainstream market can still be maintained in the range of 6,500-6700 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the opening atmosphere of the market on that day was general, and there was basically no big “movement” in the market.
The mainstream quotations were still broad with a range of 500 yuan/ton.
Most of the transactions were at the mid-to-low end of the market.
Most of the low-end deals were contracted supplies, and the intermediate retail business negotiations were slightly higher.
The overall negotiation and trading situation was average; the downstream epoxy resin started slightly increased and the market stabilized, but the price weakness is still difficult to change, and the demand is bottlenecked.
Continue to stand out, but the raw material market is consolidating within a narrow range and the petrochemical environment is limited.
In particular, the international crude oil is weak, and the price has fallen below 50 US dollars per barrel.
There is no chance to strengthen in the short term and it is unable to provide strong support; the downstream demand has limited room for improvement, and the raw material propylene Consumption is difficult to change for the time being, the entire upstream and downstream of epichlorohydrin is lacking, domestic production capacity is surplus, output may increase at any time, pressure from all parties is still, relative balance is not easy, the end of the year is approaching, manufacturers have little hope, and the market is more likely to consolidate within a narrow range.
Large; domestic resources dominate the overall market, domestic manufacturers continue to control the start, unable to improve the relationship between supply and demand, and it is difficult to increase product output.
All parties obviously have no stimulus factors, and stability is still the current mainstream.
The substantial downside has been filled and expected to be interpreted and organized.
Quotes are the mainstay.

    The domestic epichlorohydrin market remained stable on the last trading day (December 2).
There were no obvious change factors from all parties.
The manufacturers insisted on quotation with few changes.
The mainstream quotation was not adjusted, and the actual negotiation was also fluctuating.
The overall negotiation atmosphere Generally, the market mentality is relatively calm, and all parties are concerned about the production and sales rhythm of the manufacturers; last week, the manufacturers settled the dust.
In view of the current cost and supply-demand relationship, the 6th Five-Year Plan can be considered to have basically bottomed out.
At present, the manufacturers have delisted and resumed normal sales, and the raw materials have entered the narrow market stage.
, Downstream demand is still flat, and generally expected fluctuations are limited; the macroeconomic level is still weak, the global economy continues to be weak and the cold wave continues, consumer confidence is still declining, stock futures are weak and fluctuating, crude oil demand is expected to continue to decrease, and the economic weather vane is superimposed.
It is already below US$50/barrel, and it is difficult to be optimistic.
Countries have frequently adopted economic stimulus policies, but they are often difficult to achieve in the short term, and it is not easy to change the weak situation.
The epichlorohydrin market has experienced a long decline, and the big negatives are gradually consumed and released, although downstream demand is difficult There is improvement, but manufacturers continue to control the start of construction and are expected to follow a narrow consolidation channel.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 6500~7000 yuan/ton, the mainstream transaction price is 6500~6700 yuan/ton; the mainstream quotation in Huangshan region is 6500~ 7000 yuan/ton, the mainstream transaction price is 6500-6700 yuan/ton; the mainstream quotation in North China is 6500-7000 yuan/ton, the mainstream transaction price is 6500-6700 yuan/ton; the mainstream quotation in South China is 7000-7500 yuan/ton, the mainstream transaction price 7000~7200 yuan/ton.

Domestic manufacturers sell at real prices and cancel the extension, which actually reflects that the market has bottomed out, while continuing to control the start of construction and maintain the balance of supply and demand-the overall load is still at 30%; the factory and market prices continue to be consistent, and the mainstream of 6,500 yuan/ton seems to be maintained , Has just entered a period of consolidation, and the current increase may not be significant.
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 70%; 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 quoted price of 6,500 yuan/ton (including freight), has not resumed billing sales, and the 32,000 tons/year device has an operating load of 60%; The ex-factory price of Baling Petrochemical is 7,500 yuan/ton (including freight), and the operating load of 32,000 tons/year is not high, mainly for self-use, and the export is insufficient; Anbang Electrochemical’s ex-factory price is 8,000 yuan/ton (including freight), and it is shipped on the market.
, 20,000 tons/year of equipment is operating at low load; Sandie Chemical lacks quotations, 25,000 tons/year of equipment has a low operating load, and product supply related companies; Zhonghai Jinghua’s 40,000 tons/year equipment has been completed, and it is planned to be commissioned in October.
The driving time is postponed again, depending on market conditions.

(Our reporter Xi Shi)

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