Daily review of epichlorohydrin: poor shipments

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] August 23, 2010: The domestic market of epichlorohydrin is poorly shipped and fluctuates slightly.
On the last trading day (August 20), the mainstream transaction price in the East China region of the mainstream market will temporarily maintain the platform of 15,500 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the trading atmosphere on the day was still deserted, and there were very few inquiries from downstream actively entering the market.
Although the price platform was still there, the export volume was not smooth.
It is rumored that some merchants have slightly lower shipments, the market volume is limited, and the main manufacturers in the country have policy guidelines; epichlorohydrin fluctuates throughout the week, and the later high-end drops.
Since this week, the downstream epoxy resin has stagnated, and manufacturers are wary of high-level risks and purchases.
In contradiction, most of them are mainly on-demand, and the market volume is limited.
The price has gradually dropped to 15,500 yuan/ton, and it continues to withstand the test.
International crude oil has repeatedly fallen and the market mentality has been slightly suppressed.
With the growth of domestic resources and more cautious buyers, the weekend market is mainly organized in a narrow range; despite the strong quotes of manufacturers, some merchants have locked in profits and increased their intention to ship, and their focus has been lower throughout the week.
Exploring and trading volume is not smooth.
The raw material propylene continues to trade sideways, and negotiations in East China are around 9,400 yuan/ton, and short-term fluctuations are limited; the liquid chlorine market fluctuates at a high level, with a weekly increase of 400 yuan/ton, and the price in Shandong is 1,450 yuan/ton.
The epichlorohydrin spot has been reorganized at a high level, and the spot transaction has been weak.
Merchants have increased their willingness to make profitable shipments, and the negotiation range has dropped.
On weekends, manufacturers have no new policies and continue to narrow the scope.

    On the trading day (August 20th), the domestic epichlorohydrin market was calm, with negative and declining conditions.
The trading atmosphere was relatively light, calm, high-end narrow callbacks, heavy volumes, and many manufacturers chose to wait and see and make deals.
Sparse, sellers are generally more difficult to ship at high prices.
The downstream price of 15500 yuan/ton or more is unacceptable.
The spot market seems to be stuck in a stalemate.
The price of downstream epoxy resin is stagnant and bearish.
Many manufacturers consume inventory, worry about follow-up risks, and intend to stock up at a high level.
Increasingly weak, except for the volume of some contracts, the overall trading volume is thin.
The raw material propylene market continues to maintain stability; another raw material, liquid chlorine, has continued to rise, and it has risen rapidly recently, and the market is not without concern.
There is obvious disagreement with the market outlook: some said that as demand gradually improves, prices are expected to stabilize, and some said that raw materials will be negatively affected in the later period, and there is no lack of demand for epoxy resin prices; currently the epichlorohydrin spot is at a high level, and domestic manufacturers are temporarily unavailable Clarify the news guidance, and the intermediate merchants and downstream are cautiously waiting and watching, given that the main manufacturers have no inventory pressure for the time being, and the short-term shocks continue to sort out the market.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 15500-15800 yuan/ton, the mainstream transaction price is 15500 yuan/ton; the mainstream quotation in Huangshan region is 15800-16000 yuan /Ton, the mainstream transaction price is 15500-15600 yuan/ton; the mainstream quotation in North China is 15500-15800 yuan/ton, the mainstream transaction price is 15300-15500 yuan/ton; the mainstream quotation in South China is 16000-16300 yuan/ton, the mainstream transaction price is 16000 Yuan / ton.

    The situation of domestic epichlorohydrin manufacturers is still in place, and they will continue to partially close the market and stabilize prices.
The operation is normal and there are few changes temporarily.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: Bohui Chemical’s closure, the initial ex-factory quotation is 16,000 yuan/ton (including freight), the contract is the main one, the shipment is normal, 8+ The 80,000 tons/year plant is operating normally, and the fourth set of 80,000 tons/year plant is planned to be completed within this year; Tianjin Chemical’s ex-factory price is 15,500 yuan/ton (including freight), contract supply is the mainstay, and some exports, 2.
8+33,000 The ton/year device is operating stably and the load is relatively high; Xinyue Chemical’s closing price, the initial ex-factory price of 16,000 yuan/ton (including freight), the main contract volume, the low inventory, the 40,000 tons/year device operation stabilizes, and the load Normal; Qilu Petrochemical’s ex-factory quotation is 15,500 yuan/ton (including freight), contract supply is the mainstay, normal billing, 32,000 tons/year, the unit is operating stably, and the load is full; Yangnong Chemical’s closing, the pre-ex-factory quotation is 13,500 yuan/ton (Including freight), mostly for self-use, with a small amount of accompanying, 30% of the installation load per year of 30+30,000 tons, stable operation; China Shipping Precision Sealing, the initial ex-factory price of 16,500 yuan/ton (including freight), 40,000 tons/year The device is operating normally and the load is 80%; Huaxiang's chlor-alkali seal, the pre-factory price of 16,600 yuan/ton (including freight), 35,000 tons/year, the device is operating normally, and the construction is normal, temporarily available to the pre-contract users; Baling Petrochemical’s factory price is 16,000 RMB/ton (including freight), mainly for self-use, a small amount of external supply, 32,000 tons/year, the device is operating normally, and 80% of the start-up; Anbang electrochemical seal, the pre-factory price of 6,500 yuan/ton (including freight), 25,000 tons/ The installation continued to stop for the year.

(Our reporter Xi Shu)

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