Daily review of epichlorohydrin: opening temporarily stable

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] February 2, 2009 News: The domestic epichlorohydrin market opened temporarily after the holiday, and last trading day (February 1) The mainstream transaction price in East China, the mainstream market, continues to maintain the range of 6,500-7,000 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market sentiment was relatively light on that day.
Both buyers and sellers entered the market one after another.
Major manufacturers continued to control the start-up load.
Around 8,000 yuan/ton, there is still a situation where there is no market for prices.
European contract prices fell in January-due to falling raw material prices and oversupply of products, the decline in January reached 450 euros/ton to 1,210-1250 euros/ton (FD Northwest Europe); the contract price in December 2008 was 1,660 ~1700 Euros/ton; although there are still big differences in the contract price of propylene in the European market in the first quarter, it does not hinder the downstream contract price determination of epichlorohydrin.
Propylene is the main raw material for the production of epichlorohydrin, and some manufacturers Still reservations about the contract price; some manufacturers trade on a monthly contract-the contract price of propylene in January is 420 euros / ton, and some other manufacturers trade on a quarterly contract-the first quarter contract value is 450 euros / ton; this As a result, the current epichlorohydrin is in the range of 1,210 to 1,250 euros/ton, and its contract prices are also completed in the form of monthly supply contracts and quarterly supply contracts.
This phenomenon is bound to have a certain impact on Asian market prices.

On the last trading day (February 1), the domestic epichlorohydrin market was temporarily stable, with little trading and a quiet atmosphere.
However, the actual situation is still brewing changes and fluctuations.
The merchants still leave the market and the factory load remains in the early stage.
The basic supply contract is mainly Most small orders for bulk cargo have disappeared.
During the downstream epoxy resin parking and holidays, the demand is very limited; market sentiment will be weakened, and the characteristics of "college" will be dominated.
The supply scale is limited and consumption tends to shrink.
Market participants have little expectation.
Mainly cautiously wait and see; Asian epichlorohydrin is also light, affected by the Chinese traditional "Spring Festival", market buyers and sellers leave the market more, major suppliers operate low-key-still low load control starts, product inventory is small, supply remains The low level is relatively balanced; as a result, the market conditions have stabilized, but the negotiations are light.
Among them, the negotiation price of barrels is 850-900 US dollars/ton (CFR China main port), and the tank filling negotiation price is 800-850 (CFR China main port).
USD/ton, slightly lower than 50 USD/ton, the internal and external market of raw material propylene continues to rise, and the cost support is slightly strengthened, which will give the domestic market to boost energy, but mostly small orders are traded, and spot resources are still limited.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 6500-7500 yuan/ton, the mainstream transaction price is 6500-7000 yuan/ton; the mainstream quotation in Huangshan region is 6700～ 7,500 yuan/ton, mainstream transaction price 6800-7000 yuan/ton; mainstream quotation in North China 6700-7500 yuan/ton, mainstream transaction price 6800-7000 yuan/ton; mainstream quotation in South China 7000-8000 yuan/ton, mainstream transaction price 7000~7500 yuan/ton.

    Some domestic manufacturers adjusted their ex-factory quotations again, and the gap was close to 2,000 yuan/ton.
A few manufacturers enthusiastically promoted the high-end price at 8,000 yuan/ton.
The starting load is still controlled, and the overall price is still around 40%.
The price support market pushes up.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), Bohui Chemical’s ex-factory price is 7,500 yuan/ton (including freight), one set of 80,000 tons/year is operating normally, and the other two The 8+80,000 ton/year plant shut down; Tianjin Chemical closed the disk, the pre-factory quoted price was 6,500 yuan/ton (including freight), the 28,000 ton/year plant shut down on November 21, and the 33 thousand ton/year plant shut down on September 15.
The February restart plan remains to be seen; Xinyue Chemical’s ex-factory price is 8,000 yuan/ton (including freight), 500 yuan/ton is raised, and the operating load of the 3+30,000 tons/year plant is not high; Yangnong Chemical’s closing price, the previous ex-factory price of 9,000 RMB/ton (including freight), mainly for self-use, few shipments, 3+30,000 tons/year device restart time is unknown; Qilu Petrochemical temporarily closed, the initial ex-factory price of 6,100 yuan/ton (including freight), 32,000 tons The operating load of the equipment per year is not high, and maintenance is planned in April; Baling Petrochemical’s ex-factory price is 7,500 yuan/ton (including freight), and the increase is 1,000 yuan/ton.
The 32,000 tons/year device is operating normally, mainly for self-use, and insufficient for export; Anbang Electrochemical’s ex-factory quotation is 6,500 yuan/ton (including freight), and the 20,000-ton/year plant shutdown and maintenance, and the restart time is undetermined; Sandie Chemical lacks quotation, 25,000-ton/year plant is temporarily shut down, product supply related enterprises; Zhonghai Jinghua The 40,000-ton/year device has been completed, and the start-up plan was originally scheduled for October, and it is rarely possible before the Spring Festival.

(Our reporter Ye Hui)

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