Daily review of epichlorohydrin: limited increase

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on August 24, 2009: The domestic epichlorohydrin market rose slightly with a limited increase.
On the last trading day (August 21), the mainstream transaction price in the East China region of the mainstream market moved to 10,300-10,400 yuan/ton, with an increase of 100 yuan/ton.
According to analysis by market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), despite the small price increase in the market on that day, demand increased slowly, trading was tepid, and overall discussions were light and the wait-and-see atmosphere was strong.
The domestic production facilities are running smoothly, and the supply of goods is still abundant.
The raw material propylene market is relatively stable.
The high-end quotations in Shandong have fallen slightly, and the negotiated price remains at 9250-9300 yuan/ton.
The start of refineries is still relatively ordinary, and the port supply is still being digested.
The liquid chlorine market is mainly in a narrow range.
The regional negotiated price is 800-900 yuan/ton, which is slightly higher and there are some hearsays, and the market transaction is average.
At present, terminal demand is slowly increasing, and downstream market follow-up is limited.
Epoxy resin manufacturers are still waiting to see, digesting raw material/finished product inventory, and the enthusiasm for raw material procurement remains low.
Therefore, the current market energy is limited and stable.
It is expected to continue to consolidate within a narrow range and it is difficult to experience major fluctuations.
Manufacturers' dynamics still need to be closely monitored.
Market participants are cautious in the market outlook and pay attention to the trend of upstream raw materials.
All parties observe the acceptance of high downstream prices-raw material propylene continues to be processed at a high level, manufacturers are under greater cost pressure and quotations are firm-the main manufacturers' price operations are particularly noticeable, and they are restricted by the buyer as a whole situation.

    On the last trading day (August 21), the domestic epichlorohydrin market went up again, and the fundamentals were mainly maintained.

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