Daily review of epichlorohydrin: settlement emerges

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 25, 2008: The domestic epichlorohydrin market is deadlocked and the quotation is adjusted, on the trading day (November 24) The mainstream transaction price in East China in the mainstream market is still hovering in 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 opening of the market on the same day was still flat, domestic manufacturers’ quotations varied, and the downstream tended to wait and see, the raw material propylene market continued to fall, and the actual negotiation intentions Lower, the previous promotion was blocked, and the quotation fell accordingly, but the gap with the transaction is still wide.
The market is concerned about the monthly settlement of each factory; domestic manufacturers have partially lowered their quotations, including: Bohui Chemical and Xinyue Chemical 7000 yuan/ton ( (Including freight), and at the same time, the settlement price is partially introduced.
At a new low level of 6,500 yuan/ton, it is expected to "land" at this price; last week, the price of epichlorohydrin rose first and then fell, and the fluctuation of raw material propylene has always become the main line.
Oil prices are still below US$50/barrel.
Propylene has risen in the early stage and speculation is suspected.
Therefore, it will surely bottom out at the corresponding low level.
The cost support of epichlorohydrin is difficult to strengthen.
With the collapse of the previous high-level cost pillar and the collapse of crude oil, under the environment, Cyclochloride once again has the upper hand, and some manufacturers have introduced low prices for settlement, which has heralded the arrival of this low tide, and it is expected to become the main guideline for the market outlook.
In summary, the domestic epichlorohydrin market will undergo further weak consolidation, the market is cautious, and the market outlook is still difficult to be optimistic.

On the last trading day (November 24), the domestic epichlorohydrin market was narrowed down.
The mainstream quotations went down, and some manufacturers adjusted their prices.
Most of the downstream consumed pre-stocks and made cautious purchases.
The focus of reference negotiations continued to decline, and the upstream raw materials prices fell.
Products began to stabilize, downstream purchases were wait-and-see, and continued to operate cautiously.
The international crude oil plunge was unstoppable, and the market outlook was difficult to be optimistic; after Thursday (November 20) fell below US$50/barrel, international oil prices continued to decline on the same day, "US$40.
"The era has arrived, and the overall bearish trend of petrochemical products has maintained.
The epichlorohydrin market has "turned over", and it is a bit of "time is no longer"-the raw material propylene plummeted by 500 yuan/ton on the 20th, and the wait-and-see atmosphere suddenly intensified; therefore; The market is no longer able to push up.
Market participants are concerned about the evolution of the epichlorohydrin trend after the raw materials started to fall.
It was previously driven by its upward trend.
The current propylene market is stable, but the downstream polypropylene continues to fall.
, And the impact of the continuous decline in international crude oil, the downward pressure on the domestic market has rapidly increased, and the decline is mostly between 200-600 yuan/ton.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotations in East China are 7000-7500 yuan/ton, 500 yuan/ton lower, and the mainstream transaction prices 6500-7000 yuan/ton; The mainstream price in Huangshan area is 7000-7500 yuan/ton, 500 yuan/ton lower, and the mainstream transaction price is 6500-7000 yuan/ton; the mainstream quotation in North China is 7000-7500 yuan/ton, 500 yuan/ton lower, and the mainstream transaction price is 6500～7000 Yuan/ton; mainstream quotations in South China are 7500-8000 yuan/ton, down 500 yuan/ton, and mainstream transaction prices are 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 market experts from China Epoxy Industry Association (www.
epoxy-e.
cn): Bohui Chemical’s ex-factory price is 7000 yuan/ton (including freight), the price is reduced by 1000 yuan/ton, the settlement price is 6500 yuan/ton, and the deferred settlement is cancelled.
, 1 set of 80,000 tons/year equipment is in operation, and 2 sets of 80,000 tons/year equipment are shut down; Tianjin Chemical’s ex-factory price is 7,500 yuan/ton (including freight), and the settlement continues to be delayed.
The 28,000 tons/year equipment is operating normally.
The 33,000-ton/year installation has been shut down since September 15; Xinyue Chemical’s ex-factory price is 7,000 yuan/ton (including freight), and the price is reduced by 500 yuan/ton.
The settlement price has not been released yet, and the delayed settlement has been cancelled.
3+30,000-ton/year installation The 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 plant shutdown and routine maintenance; Qilu Petrochemical’s ex-factory price is 7,500 yuan/ton (Including freight), continue to postpone settlement, 32,000 tons/year equipment is operating normally; Baling Petrochemical’s ex-factory quoted price is 8,000 yuan/ton (including freight), continue to postpone the settlement, 32,000 tons/year installation load is not high, mainly for self-use , Insufficient export sales; Anbang Electrochemical’s ex-factory quotation is 8,000 yuan/ton (including freight), and settlement continues to be postponed.
The 20,000-ton/year device is operating at low load; Sandie Chemical lacks quotation and the 25,000-ton/year device has a low operating load.
Supply related companies; Zhonghai Fine Chemical's 40,000-ton/year plant is about to be completed.
It is planned to be commissioned in October, and it seems that it will be difficult to make it in November.

(Our reporter Liang Xi)

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