Daily review of epichlorohydrin: sideways

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on June 16, 2009: The domestic epichlorohydrin market is going sideways and the market is lingering.
On the last trading day (June 15), the mainstream transaction price in East China in the mainstream market entered the range of 9,300-9,500 yuan/ton, and the low-end was raised by 100 yuan/ton.
According to the analysis of market experts from the China Epoxy-e.
cn, the market opened horizontally on that day, and the transaction was not good.
The downstream demand was difficult to improve and the follow-up was weak.
The center of gravity has risen slightly, but the demand side is still weak and lack of scale support.
Qilu Petrochemical is unlikely to restart.
Other manufacturers are mainly engaged in contract supply, and the market is mainly operating in turbulence, and it is difficult to increase the volume of transactions.
International crude oil continues to fluctuate and run at high levels.
Bulk products are supported by various degrees.
Last week, manufacturers raised their quotations and downstream industries were surprised.
The market continued to see a strong wait-and-see atmosphere.
Major manufacturers mainly supply contract users.
For intermediate merchants and non-contract users, "Enthusiasm" shipment intention is not very high; the terminal demand situation is difficult to improve, the downstream has not made up the position under the buying mentality, and the overall market negotiation is weak and the follow-up is weak.
The market sentiment was still good in the morning.
Trade merchants offered strong prices, the reference negotiation range was maintained, small orders were mainly negotiated, contract goods were at slightly lower prices, the raw material propylene continued to rise, and the mentality was improving.
Market participants paid more attention to manufacturers' trends.
Demand is still the resistance that restricts the improvement of the market.
The dynamics of major domestic manufacturers cannot be ignored.
Epichlorohydrin is expected to operate in a narrow range.

    On the last trading day (June 15), the domestic epichlorohydrin market was difficult to find low-end sources of supply.

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