Daily review of epichlorohydrin: lower settlement

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 26, 2008: The domestic epichlorohydrin market remains unchanged, but further adjustments are beginning to take shape-lower settlement prices It has been announced that the mainstream transaction price in the East China region of the mainstream market on the last trading day (November 25) continued to hover in the range of 6,500 to 7,000 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market on the day was mainly characterized by stability.
Most downstream companies digested the preliminary inventory and waited and waited for more manufacturers to close the month.
The current low-end quotation has been seen.
Loosening, negotiating focus on the low-end, new price adjustments are just around the corner, and small orders are currently maintained; with the introduction of major manufacturers’ settlement prices, which are only as low as 6,500 yuan/ton (including freight), the weather vane is turning to this Prices, the market pays close attention to the dynamics of various factories, and the wait-and-see atmosphere has increased.
The buyer's raw material procurement attitude is particularly cautious.
The transaction is still dominated by small orders.
Huangshan area is more wait-and-see, and few discussions and hearings; raw material propylene makes up for the fall from the weekend to the beginning of the week.
The range ranges from 400 to 1,000 yuan/ton.
The downstream polypropylene in Shandong region rebounded from oversold, and the market sentiment was slightly boosted, but the cost support was difficult to be strong; the downstream epoxy resin market continued to stabilize, with uneven and low-end prices.
It is also heard below that it will continue to digest high-priced inventory, and it is difficult to drive consumption.
At present, domestic manufacturers' settlement prices have not been unified, and market participants are still hesitant about the market outlook.
In view of market supply and demand and raw material trends, the downward trend is still the general trend and there is little room for fluctuations.

    On the last trading day (November 25), the domestic epichlorohydrin market was mainly organized, and the opening situation was still flat.
Domestic manufacturers' quotations were different, and the downstream was mostly waiting and watching.
The previous promotion was blocked and the quotations fell correspondingly, but there was a gap with the transaction.
The market is still paying attention to the monthly settlement situation of each factory; domestic manufacturers have partially lowered their quotations, including: Bohui Chemical and Xinyue Chemical 7000 yuan/ton (including freight), and some set up settlement prices, which are at a new low of 6,500 yuan/ton The level is expected to “landing” in this position; last week, the market price first rose and then fell.
The raw material propylene has always been the main line.
International oil prices rebounded in the short-term, propylene is difficult to rise quickly, and the cost of epichlorohydrin is difficult to support; Under the high cost collapse and crude oil "50" environment, the ring chlorine bears once again the upper hand, and some manufacturers have introduced low prices for settlement, which has foreshadows the arrival of this low tide, which is expected to become the main guideline for the market outlook.
In summary, the domestic market will undergo further weak consolidation, the market mentality is cautious, and the market outlook is still difficult to be optimistic.
According to market experts from China Epoxy-e.
cn, the mainstream quotation in East China is 6800-7500 yuan/ton, the low-end price is reduced by 200 yuan/ton, and the mainstream transaction price is 6500-7000 yuan/ Tons; the mainstream price in Huangshan area is 6800-7500 yuan/ton, the low-end price is reduced by 200 yuan/ton, the mainstream transaction price is 6500-7000 yuan/ton; the mainstream quotation in North China is 6800-7500 yuan/ton, and the low-end price is reduced by 200 yuan/ton.
The mainstream transaction price is 6500-7000 yuan/ton; the mainstream quotation in South China is 7300-8000 yuan/ton, the low-end price is reduced by 200 yuan/ton, and the mainstream transaction price is 7000-7500 yuan/ton.

    Domestic manufacturers have maintained their operating levels, some adjustments in quotations and settlements have begun to emerge, and some low-end manufacturers have cancelled delayed settlements.
According to the market experts of China Epoxy Industry Association (www.
epoxy-e.
cn): Bohui Chemical’s ex-factory price is 7,000 yuan/ton (including freight), the settlement price is 6,500 yuan/ton, and the delayed settlement is cancelled, one set of 80,000 tons /Year plant operation, two sets of 80+80,000 tons/year plant are shut down; Tianjin Chemical’s ex-factory price is 7000 yuan/ton (including freight)), 500 yuan/ton is lowered, and the settlement price is 6500 yuan/ton (acceptance), Cancellation of deferred settlement, the 28,000-ton/year plant has been temporarily shut down, and the 33,000-ton/year plant has been shut down since September 15; Xinyue Chemical’s ex-factory quoted price of 7,000 yuan/ton (including freight), the settlement price has not been released, and the deferred settlement has been cancelled.
+30,000 tons/year device operating load is low; Yangnong Chemical’s ex-factory price is 9,000 yuan/ton (including freight), mainly for self-use, rarely shipped, 3+30,000 tons/year device shutdown and routine maintenance; Qilu The petrochemical ex-factory price is 7,000 yuan/ton (including freight), 500 yuan/ton is lowered, and the settlement price is 6,000 (cash) ~ 6,500 yuan/ton (acceptance).
The delayed settlement is cancelled, and the 32,000 tons/year plant is operating normally; Baling Petrochemical’s ex-factory price is 8,000 yuan/ton (including freight), and the settlement continues to be postponed.
The operating load of 32,000 tons/year is not high, mainly for self-use and insufficient export; Anbang Electrochemical’s ex-factory price is 8,000 yuan/ton (including freight), and continues to be postponed Settlement, low-load operation of the 20,000-ton/year device; Sandie Chemical lacks quotation, and the operation load of the 25,000-ton/year device is low, and the product supply affiliated company; the 40,000-ton/year device of China Shipping Fine Chemicals is about to be completed and is scheduled to be put into use in October The trial run seems to be difficult to take place in November.

(Our reporter Meili)

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