Daily Review of Epichlorohydrin: Narrowing the Range

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 24, 2008: The domestic epichlorohydrin market is weak and the range is narrowing.
The trading day (December 23) The mainstream transaction price in the East China region of the mainstream market began to operate in the range of 6,200-6300 yuan/ton, and the high-end price was reduced by 200 yuan/ton.
According to the analysis of market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the market opened relatively flat on that day, the low-end mainstream quotations of the market fell, and actual negotiations narrowed down, and some high-end prices were only pre-contracted prices, and downstream construction started.
The load was further reduced, scattered small orders were picked up on demand, and the pace of negotiation was slow; the price of the day was weak, the center of gravity tended to be low, the buyer's attitude was cautious, and the intermediate merchants followed the market to move in volume, and some manufacturers raised their prices slightly lower, leading to the spot market.
The basic level of the downstream industry is weak, the market outlook is cautious, and the wait-and-see atmosphere has further increased; the price of raw material propylene is still stable, the Shandong region is stable at 5,100-5,200 yuan/ton, the northwest and north China regions fell slightly by 100 yuan/ton, and the international crude oil market Low-level operation, the main product, propylene, is under downward pressure, and the external market is still mainly stable; the downstream epoxy resin fundamentals are weak, the raw material market is down slightly, and the downward pressure on manufacturers is not reduced.
Actual negotiations are mostly down-solid resin tends to 10,000 At a low level of RMB/ton, liquid resin fell below the threshold of RMB 13,000/ton.

On the last trading day (December 23), the domestic epichlorohydrin went down weakly, and the quotation was still a bit implicated.
However, the negotiation tended to be 60, and the buyer's self-pickup method was lower.
The downstream demand was flat and the purchase was cautious.
Most purchases followed Use as soon as possible; the internal and external disks are simultaneously weak and consolidated, and there is still a possibility of further decline; domestic manufacturers control the start of production and restrict production and sales, this policy is strictly implemented, and there is no change; the downstream mentality is bearish and the purchasing interest is weak, this situation has also changed; There are rumors of low market prices, which seems to be the first adjustment; business operations are worthy of attention, capital pressure is approaching the end of the year, and there is no lack of increased shipment intentions; the current mentality is further fading, the weak spot is growing, and the downstream is generally more cautious, and the narrow range is still weak.
Will continue, the demand will become weaker at the end of the year, the downstream epoxy resin will be further weakened, and the bearish atmosphere will be strong in the later period.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 6300-6500 yuan/ton, the low-end price is reduced by 200 yuan/ton, and the mainstream transaction price is 6200-6300 yuan/ Decrease 200 yuan/ton for ton and high-end; mainstream prices in Huangshan area are 6300-6500 yuan/ton, low-end prices are lowered by 200 yuan/ton, mainstream transaction prices are 6200-6300 yuan/ton, and high-end prices are lowered by 200 yuan/ton; mainstream quotes in North China are 6300 yuan/ton ~6500 yuan/ton, lower-end prices are lowered by 200 yuan/ton, mainstream transaction prices are 6200-6300 yuan/ton, high-end prices are lowered by 200 yuan/ton; mainstream quotations in South China are 6800-7000 yuan/ton, and low-end prices are lowered by 200 yuan/ton.
The mainstream transaction price is 6700-6800 yuan/ton, and the high-end price is lowered by 200 yuan/ton.

    Domestic manufacturers control start-ups and real-price sales.
As the market is weakening and prices are slack, short-term quotation adjustments may not be large, and there is no lack of pressure for later shipments.
Many installations stop production and the overall load is about 30%.
The real adjustment is pending New Year's Day.
In the future, but I believe that the fluctuation space is limited.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn): Bohui Chemical’s ex-factory price is 7,000 yuan/ton (including freight), one set of 80,000 tons/year is operating normally, and the other two sets of 8+ 80,000 tons/year plant shutdown; Tianjin Chemical’s ex-factory price is 6,500 yuan/ton (including freight), 28,000 tons/year plant will be shut down on November 21, 33,000 tons/year plant will be shut down on September 15, and there is no clear start-up plan in December ; Xinyue Chemical’s ex-factory quotation is 7,000 yuan/ton (including freight), and the operating load of 3+30,000 tons/year is acceptable; Yangnong Chemical’s pre-ex-factory quotation is 9,000 yuan/ton (including freight), mainly for self-use, There are few shipments, and the 3+30,000 tons/year device continues to stop and the restart time is unknown; Qilu Petrochemical’s ex-factory price is 6,500 yuan/ton (including freight), and the 32,000 tons/year device has a normal operating load; Baling Petrochemical’s ex-factory price is 7,500 yuan /Ton (including freight), 32,000 tons/year, the parking and start-up time of the device on December 2 depends on the city, mainly for self-use, and insufficient export; Anbang Electrochemical’s ex-factory price is 7,000 yuan/ton (including freight), 20,000 tons /Year equipment is operating at low load; Sandie Chemical lacks quotations, and the operating load of the 25,000-ton/year device is relatively low, and the product is supplied to related companies; the 40,000-ton/year device of Zhonghai Precision Chemical has been completed, and the start-up time is originally scheduled in October and is expected to be within the year Probably not big.

(This station reporter Shuohua) 

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