Daily review of epichlorohydrin: lack of power to push up

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 19, 2008: The domestic epichlorohydrin market is weak and the market rebounds.
The last trading day (November 18) ) The mainstream transaction price in East China in the mainstream market is hovering in the range of 6,800 to 7,000 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market quickly shifted to a narrow range.
The low-end of the negotiations was at 6,800 yuan/ton, and some were slightly lower.
Downstream users are still cautious.
Replenishment, paying attention to the trends of raw materials and manufacturers, this wave of quotations failed to be formed on a large scale; domestic manufacturers once again became the focus of the market, and the quotations of the day were more than 8,000 yuan/ton.
Some of them canceled the deferred settlement.
The sharp rise in raw material propylene should be the main reason for the push and pull.
Manufacturers cancel listings and stick to their quotations, which greatly enhances the overall atmosphere and raises the overall atmosphere by 300-500 yuan/ton compared with the previous one; however, due to the consumption field-epoxy resin market is still not improving, and international crude oil is hovering at a low level and propylene is so fast "Crazy growth", the market has doubts about its durability, short-term is not clear, but the mentality has changed significantly.
Although propylene continues to rise, it is obviously slowing down.
The domestic market is in short supply and downstream bulk purchases are difficult to find.
The external market has also increased.
It is difficult to improve the shortage of short-term futures.
It is expected that the high level consolidation will continue; the chlorine side continues to hover at a low level.
, The downstream PVC production in Shandong is insufficient, the export of chlorine gas has increased, and the price has fallen rapidly.
Refer to the negotiation for 100-200 yuan/ton.

    On the trading day (November 18), the domestic epichlorohydrin market initially showed warmth.
Due to the promotion of the raw material propylene market, there is currently a slight upward trend, but it is difficult to move to a narrow range and upward.
Some manufacturers canceled deferred settlement and quotation Mainly 8,000 yuan/ton, and the quotations of intermediate merchants gradually increased to about 7,500-8,000 yuan/ton.
The buyers and sellers in the market mostly wait and see, and some low-end downstream inquiries about prices, substantive negotiations are temporarily unclear; the regional market further improves in the afternoon.
Although merchants continue to wait and see, but low prices and high volumes are no longer there, the overall atmosphere has indeed improved.
The price of raw material propylene has risen strongly, which should be the main driver of this rebound; the early propylene market fell sharply and fell to the low point in recent years, which seriously affected the refinery The efficiency of the plant and most of the installations were reduced and the number of market supplies was significantly reduced.
The downstream polypropylene recovered in a short-term and accelerated the consumption of resources.
The market showed a tight supply situation and it was difficult to organize the bulk supply.
The market price rose sharply last week, and the Shandong market quoted a price of 6000～ At 6,400 yuan/ton, the actual transaction was 6,000 yuan/ton, and reached a new high at the beginning of this week: 7,000 yuan/ton, and the actual transaction was 6,600-6900 yuan/ton.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quoted price in East China is 8000 yuan/ton, the mainstream transaction price is 6800-7000 yuan/ton platform; the mainstream quoted price in Huangshan area is 8000 yuan/ton.
Tons, the mainstream transaction price is 6800-7000 yuan/ton platform; the mainstream quotation in North China is 8000 yuan/ton, the mainstream transaction price is 6800-7000 yuan/ton platform; the mainstream quotation in South China is 8500 yuan/ton, the mainstream transaction price is 7300-7500 yuan/ Tons of platforms.

    Domestic manufacturers have maintained their operating levels and continued to adjust their quotations.
Some have cancelled postponed settlements and no longer listed, but some are still listed.
The wait-and-see atmosphere is still there and the push is weak, and the expected market will be adjusted within a narrow range.
According to the market experts of China Epoxy Industry Association (www.
epoxy-e.
cn): Bohui Chemical’s ex-factory price is 8,000 yuan/ton (including freight), canceled and continued to postpone settlement, 3 sets of 8+8+80,000 tons/year All installations are shut down; Tianjin Chemical's ex-factory price is 8,000 yuan/ton (including freight), and the settlement continues to be delayed.
The 28,000-ton/year device is operating normally, and the 33,000-ton/year device has been shut down since September 15; Xinyue Chemical's ex-factory price is 8,000 yuan /Ton (including freight), cancellation of postponement settlement, 3+30,000 tons/year operation load of the device is low; Yangnong Chemical closed the disk, the initial ex-factory price of 11,000 yuan/ton (including freight), mainly for self-use, rarely shipped , 3+30,000 tons/year equipment is operating at low load; Qilu Petrochemical’s ex-factory price is 8,000-9,000 yuan/ton (including freight), the low-end price is reduced by 1,000 yuan/ton, and settlement continues to be delayed.
The 32,000 tons/year device is operating normally; Pakistan Ling Petrochemical’s sealing plate, the pre-ex-factory price of 11,000 yuan/ton (including freight), the 32,000 tons/year plant is temporarily stopped, the restart time is unknown, mainly for self-use, and the export is insufficient; Anbang Electrochemical’s sealing plate is 8,000 yuan/ton (including freight) , Continue to postpone settlement, low-load operation of the 20,000-ton/year device; Sandie Chemical lacks quotations, and the 25,000-ton/year device has a low operating load, which is related to product supply; Zhonghai Fine Chemical's 40,000-ton/year device is about to be completed and planned It was put into trial operation in October, and it seems that it will be difficult to make it in November.

(Our reporter Ye Hui)

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