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[China Epoxy Network (China Epoxy Industry Online)News on April 9, 2012: The domestic epichlorohydrin market is weak and the transaction is not smooth.
On the last trading day (April 06, 2012), the mainstream transaction price in East China in the mainstream market has formed a range of 11,600 to 11,800 yuan/ton, with a reduction of 300 yuan/ton.
According to the analysis of market experts from China Epoxy.
com (China Epoxy Industry Online)the spot market opened low and traded poorly on that day, with obvious weaknesses, quotations continued to decline, and the trading atmosphere was sluggish and demand Continued deficiencies, speculative merchants are "locked", most of them are closed and wait-and-see, the start of installations has increased, and the supply has increased significantly, intensifying expectations of decline, and there is still room for follow-up.
While the epichlorohydrin market fell, the Asian region closed at US$1800-1850/ton CFR, down by US$50/ton.
China’s spot stocks plummeted one after another, and the Ching Ming holiday became even more lightly traded.
The industry is concerned about the follow-up Chinese market trend; Southeast Asia is mainly Downstream epoxy resin manufacturers bid 1,800 US dollars per ton CFR, and there are few firm deals.
Domestic epichlorohydrin market regional quotation: mainstream quotation in East China is 12,000 yuan/ton, down 200 yuan/ton, mainstream transaction price is 11,600-11,800 yuan/ton, down 300 yuan/ton; mainstream quotation in Huangshan area is 12,200 yuan/ton, down 200 yuan/ton, the mainstream transaction price is 12,000 yuan/ton, the low-end price is lowered by 200 yuan/ton, the high-end price is lowered by 300 yuan/ton; the mainstream in North China is reported at 11,800 yuan/ton, 200 yuan/ton, and the mainstream transaction price is 11,500 to 11,700 yuan /Ton, down 200 yuan/ton; mainstream quotations in South China are 12,500 yuan/ton, down 200 yuan/ton, and mainstream transaction prices are 12,100-12,300 yuan/ton, down 300 yuan/ton.
On the trading day (April 06, 2012), the raw material of epichlorohydrin was operating weakly, and the market was sorted out.
(Slightly, see the full version for details).