Daily review of epichlorohydrin: spot maintenance

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 5, 2008: The domestic epichlorohydrin market is stable and consolidates within a narrow range, last trading day (December 4) The mainstream transaction price in East China, the mainstream market, continues to operate in the range of 6,500-6,700 yuan/ton.
According to the analysis of market experts from China Epoxy Resin Industry Association (www.
epoxy-e.
cn), the market characteristics of the day were still stable, the overall trend of raw materials has stabilized recently, and downstream epoxy resins have further weakened-all subject to downstream demand Weakness and the weak impact of raw material bisphenol A-market discussions are concentrated in the low-end market, domestic manufacturers have obvious intentions to stabilize prices, and there is little room for short-term fluctuations; currently the main manufacturers are still operating at a low level.
Among them, the Bohui chemical plant has stopped 2 and opened 1, Qilu Petrochemical started to maintain half of its operations, Tianjin Chemical and Yangnong Chemical continued to stop, and Zhonghai Jinghua's start-up plan was further postponed.
Because its related propylene plant was still stopped and the market did not hope for its start-up within the year, the overall start-up load was still 30 to 40%.
; The spot market continued to maintain stability and the decline in the external market slowed down.
As the internal market stabilized, the decline in the US dollar market slowed down accordingly.
The current barrel offer is $1,200/ton (CFR China's main port), excluding 4% anti-dumping duties.
There is still a lot of room for domestic trade to reverse, and it continues to be unattractive to buyers.
Recently, the renminbi market has begun to depreciate, import costs have further increased, and the demand is still sluggish, and overall import negotiations are still very few.
International crude oil is hovering at a low of US$45/barrel, and the chemical market is unlikely to see a fundamental improvement.
In the short term, it will still be narrowed and stabilized.

On the last trading day (December 4), the domestic epichlorohydrin market continued to be stable, the operating atmosphere remained normal, manufacturers continued to control the start of operations, merchants’ circulation sources were general, and shipments were difficult to improve.
The main talks were narrow distribution and stable operation.
The impact of the weak product market, the downturn of the downstream product market, the limited discussion concentrated on the low-end, and the overall mentality is relatively calm; the market follows a narrow trend pattern, the demand is still flat, the negotiations remain flat, and the large-scale negotiations are still concentrated in the low-end and sporadic small-order negotiations.
The price is slightly higher, and the overall transaction volume is average; domestic manufacturers sell at real prices and cancel the extension, which actually reflects the bottom of the market, while continuing to control the start of construction and maintain the balance of supply and demand; the downstream demand has limited room for improvement, and the consumption of raw material propylene is temporarily difficult to improve.
The upstream and downstream of oxychloropropane are lacking, the domestic production capacity is surplus, the output may increase at any time, the pressure on all parties is still, the relative balance is not easy, the end of the year is approaching, the manufacturers are difficult to hope, the probability of narrow consolidation is greater, and the stimulating factors of all parties are missing , Stability is still the current mainstream, the downside has been filled, and it is expected that performance will be the mainstay.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 6500~7000 yuan/ton, the mainstream transaction price is 6500~6700 yuan/ton; the mainstream quotation in Huangshan region is 6500~ 7000 yuan/ton, the mainstream transaction price is 6500-6700 yuan/ton; the mainstream quotation in North China is 6500-7000 yuan/ton, the mainstream transaction price is 6500-6700 yuan/ton; the mainstream quotation in South China is 7000-7500 yuan/ton, the mainstream transaction price 7000~7200 yuan/ton.

Domestic manufacturers sell at real prices and cancel the extension, which actually reflects that the market has bottomed out, while continuing to control the start of construction and maintain the balance of supply and demand-the overall load is still at 30%; the factory and market prices continue to be consistent, and the mainstream of 6,500 yuan/ton seems to be maintained , Has just entered a period of consolidation, and the current increase may not be significant.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn): Bohui Chemical’s ex-factory price is 7,000 yuan/ton (including freight), one set of 80,000 tons/year is operating normally, and the other two sets of 8+ 80,000 tons/year plant shutdown; Tianjin Chemical’s ex-factory price is 6,500 yuan/ton (including freight), 28,000 tons/year plant will be shut down on November 21, 33,000 tons/year plant will be shut down on September 15, and there is no clear start-up plan in December ; Xinyue Chemical’s ex-factory quotation is 7,000 yuan/ton (including freight), and the operating load of 3+30,000 tons/year is 70%; Yangnong Chemical’s pre-ex-factory quotation is 9,000 yuan/ton (including freight), mainly for self-use, There are few shipments, the 3+30,000 tons/year device continues to stop, and the restart time is unknown; Qilu Petrochemical’s ex-factory price is 6,500 yuan/ton (including freight), and the billing sales have not been resumed.
The 32,000 tons/year device has an operating load of 5-6 Cheng; Baling Petrochemical’s ex-factory quotation is 7,500 yuan/ton (including freight), and the operating load of 32,000 tons/year is not high, mainly for self-use and insufficient export; Anbang Electric’s ex-factory quotation is 7,500 yuan/ton (including freight), and it is available on the market.
Shipment, 20,000 tons/year equipment is operating at low load; Sandie Chemical lacks quotation, and the operation load of 25,000 tons/year equipment is low, and the product supply related enterprises; Zhonghai Jinghua’s 40,000 tons/year equipment has been completed, and the original plan is 10 The monthly test run and start-up time have been postponed again, and production may not be expected to be put into operation within the year.

(Our reporter Xue Shi)

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