Daily review of epichlorohydrin: shock and weakening

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 19, 2010: The domestic epichlorohydrin market has weakened and narrowed.
On the last trading day (July 16), the mainstream transaction price in the mainstream market in East China continued to maintain the 12,500 yuan/ton platform.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market continued to fluctuate and weaken that day, and the negative expectations of both supply and demand gradually became consistent.
All parties concerned about the production and sales of domestic manufacturers and their price directions.
Over the weekend, the weak trading pattern continued, and the weak market was mainly organized; the domestic market was weak and fluctuated throughout the week, the overall shipment situation was not smooth, the downstream still consumed more inventory, and the enquiry atmosphere was flat.
The main characteristics of market operation are: weak atmosphere, Trading was light.
The raw material market is arranged sideways and the wait-and-see atmosphere is strong.
Propylene and liquid chlorine are mainly stable as a whole: Propylene is obviously lacking in recent days, and the sideways arrangement continues.
The mainstream negotiation price in Shandong area is 8400-8600 yuan/ton; the liquid chlorine market enters a weak position and stabilizes Channel, the mainstream negotiation price in Shandong area is 1100-1400 yuan/ton.
Downstream epoxy resins have mixed ups and downs due to the mixed raw materials, and the mainstream negotiating price fluctuations in the market are not obvious.
At present, the demand is off-season and the rebound is not strong.
The cost of solid resins is promoted and slightly increased.
The performance of liquid resins is relatively stable and the overall downstream demand is flat.
The buyer's on-demand procurement model and the number of transactions are limited.
In short, the market sentiment of epichlorohydrin has turned weak, and the downstream is cautiously waiting and watching, and purchasing is cautious.
The operation of domestic manufacturers is temporarily stable during the weekend.

    On the last trading day (July 16), the domestic epichlorohydrin market was sluggish, the shipments were light, the negotiation fluctuated around 12,500 yuan/ton, merchants' shipments were not smooth, short-term cautious wait-and-see, downstream active inquiries were few and waited for changes , Digest the inventory to purchase on demand, and the market outlook breeds bearish sentiment.
At present, the epichlorohydrin spot is slightly weak, mainstream negotiations are downcast, and the market outlook is still unclear.
The supply of external disks in Asia is still tight, and the space for internal and external disks is still large.
The spot price is approximately US$1,850/ton FOB, plus recent production costs.
Decline, the Chinese export market can take advantage and be active; Southeast Asia, India and Thailand, the buying intentions are 2100 US dollars/ton CFR, and the converted FOB China price is below 2000 US dollars/ton; domestic manufacturers export to South Korea at a market price of 1950 US dollars/ton FOB .
The export interest of intermediaries has increased significantly, which is beneficial to the relief of spot pressure to a certain extent.
In short, the domestic market is volatile and weak, and shipments are not smooth.
With the increase in domestic supply, downstream end users and intermediate merchants are cautiously bearish in the market.
They pay attention to the direction of manufacturers and expect that the market is weak.
According to market experts from the China Epoxy Industry Association ( www.
epoxy-e.
cn ), among them: the mainstream quotation in East China is 12,500-13,000 yuan/ton, the mainstream transaction price is 12,500 yuan/ton; the mainstream quotation in Huangshan region is 12,500-13,000 yuan /Ton, the mainstream transaction price is 12,500 yuan/ton; the mainstream quotation in North China is 12,500-13,000 yuan/ton, the mainstream transaction price is 12,300-12,500 yuan/ton; the mainstream quotation in South China is 13,000-13500 yuan/ton, the mainstream transaction price is 13,000 yuan/ton .

    Domestic epichlorohydrin manufacturers have maintained stable operations, and the overall available output has increased, and the pressure on shipments has not yet been highlighted.
According to market experts from China Epoxy-e.
cn (www.
epoxy-e.
cn), Bohui Chemical’s ex-factory price is 12,500 yuan/ton (including freight), the contract is the main one, and the shipment is normal, 8+8+80,000 The ton/year device is operating normally, and the fourth set of 80,000 tons/year device is scheduled to be completed in August; Tianjin Chemical’s ex-factory price is 12,500 yuan/ton (including freight), and the shipment situation is normal, and the contract supply is mainly 2.
8+33,000 tons/ The annual plant is operating normally and the load is 80%; the ex-factory price of Xinyue Chemical is 12,500 yuan/ton (including freight).
The spot has turned weak recently and the market outlook is not optimistic.
The 40,000-ton/year plant is maintained and the load is 80%; Qilu Petrochemical’s ex-factory price is 12,500 yuan /Ton (including freight), the contract supply is the mainstay, the shipment is smooth, the installation load of 32,000 tons/year is 50%, and the operation is stable; Yangnong Chemical’s ex-factory price is 13,000 yuan/ton (including freight), mostly for self-use, and a small amount is available on the market.
3+30,000 tons/year equipment load is 50%, operation is acceptable; China Shipping Refinery has sealed the disk, the pre-factory price is 16,500 yuan/ton (including freight), 40,000 tons/year equipment is operating normally, the load is 80%, and the supply is available on the market.
General; Huaxiang’s chlor-alkali seal, the pre-ex-factory price of 16,600 yuan/ton (including freight), 35,000 tons/year, the unit is operating normally, 50% of the start-up, general sales, and insufficient inventory; Baling Petrochemical’s closed, pre-factory price of 17,500 yuan /Ton (including freight), mainly for self-use, a small amount of external supply, 32,000 tons / year equipment is operating at full capacity; Anbang electrochemical sealing, the pre-factory price of 6,500 yuan / ton (including freight), 25,000 tons / year equipment continues The time of stopping and restarting is unknown.

(Our reporter Xi Shu)

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