Daily review of epichlorohydrin: lack of confidence

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] September 29, 2009: The domestic epichlorohydrin market has insufficient confidence and weak market conditions.
On the last trading day (September 28), the mainstream transaction price in East China in the mainstream market maintained a range of 11,200 to 11,400 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), there were few transactions and shipments in the market that day, and the atmosphere continued to be sluggish.
The number of people leaving the market during the long holiday is gradually increasing, and the market sentiment is weak.
The raw material propylene and liquid chlorine are weakening, the downstream demand is rising slowly, and the market transactions are sluggish.
Some trading businesses have insufficient confidence in the market outlook and closed the market.
Throughout the day, the domestic market was weak and consolidated, merchants closed and wait-and-see increased, market confidence was insufficient, and most bearish, manufacturers' installations were running smoothly, Qilu Petrochemical and Tianjin Chemical suspended orders, and planned shipments this month were successfully completed.
The price of raw material propylene has dropped sharply.
Manufacturers in Shandong region offer 8100-8200 yuan/ton, and the transaction is negotiated around 8000-8100 yuan/ton.
Refineries in the zone are currently under construction.
The downstream polypropylene is high-priced raw materials and most of them are in a state of parking.
Epoxy products have also entered a downward channel; the liquid chlorine market is weak, the shipment is more difficult, the inventory is increasing, and the transportation control is stricter.
It is very difficult to take goods from other places.
The low-end price of Shandong area is 1300-1400 yuan/ton and the high-end 1500-1600 yuan/ton.
Manufacturers said that the high-end price is difficult to maintain and will continue to decline in the later period.

     On the last trading day (September 28), the domestic epichlorohydrin market had weak raw materials and limited demand.

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