Daily review of epichlorohydrin: still tired

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] October 28, 2008: The domestic epichlorohydrin market is still sluggish, and the price continues to fall.
The last trading day (10 27th) The mainstream transaction price in the East China region of the mainstream market continued to stay at 10,000 yuan/ton, down 500 yuan/ton, the market experts of China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that that day The market opening is still very light, the downstream load is low, and many parties are waiting to wait and see from the market.
All parties are waiting for the manufacturers to release the settlement price.
The supply flow rate is slow and the quotation is overall downward.
The negotiation is adjusted simultaneously; the raw material propylene market continues to decline sharply.
After the price cut in the previous weekend, the price continued to drop at the beginning of this week.
The mainstream quotation in Shandong market was 5500-6000 yuan/ton, and the mainstream transaction price was 5000-5100 yuan/ton.
The downstream polypropylene market price continued to fall, the delivery was flat, and the cost of ring chlorine was supported again.
weaken.
Customs statistics were released in September.
That month: China’s total imports of epichlorohydrin were 7236.
34 tons, with an average average price of US$1,952.
26/ton.
Imports increased by 192% from the previous month and 13.
55% from the same period last year.
Cumulative imports from January to September The volume of imports was 54488.
294 tons.
Although the increase in imports was limited compared with domestic production, it was still worse.
The total export volume of epichlorohydrin in China in the month was 960 tons, with an average price of US$1,894.
42 per ton.
The export volume decreased by 48.
85% from the previous month and increased from the same period of the previous year.
121%.
The cumulative export volume from January to September was 4,954.
78 tons.
The export scale is relatively average, but compared with the severe situation of supply and demand, it is really nothing but a drop in the bucket.

    On the last trading day (October 27), the domestic epichlorohydrin market was postponed, and the spot transaction was very small.
The price fell at the opening of the market without any suspense.
The bottom of the market is still unpredictable, but the downward trend may slow down; domestic manufacturers Continuing the listing policy and deferred settlement, the quotation is basically stable at 11,000 yuan/ton, and sporadic negotiations have been lower than this price.
At present, the domestic epichlorohydrin market has been implemented for a long time, and the actual settlement has been lowered repeatedly, and there is no need for the market.
As a guide, whether the current wave of settlement is in line with the mainstream is widely expected by market participants and has yet to be verified by time.
All parties are concerned about the manufacturers' monthly settlement prices; the main downstream consumer area-the epoxy resin market, in order to avoid the risk of frequent fluctuations in raw materials and early consumption High-cost inventory, generally reduced operating load, partly produced according to orders, and continued weak demand for raw materials.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 10,000-10,500 yuan/ton, down 500 yuan/ton, and the mainstream transaction price is 10,000 yuan/ton, down 500 yuan.
Yuan/ton; the mainstream price in Huangshan area is 10,000~10500 yuan/ton, down 500 yuan/ton, the mainstream transaction price is 10,000 yuan/ton, 500 yuan/ton down; the mainstream quotation in North China is 10,000~10500 yuan/ton, down 500 yuan/ Ton, the mainstream transaction price is 10,000 yuan/ton, down 500 yuan/ton; the mainstream quotation in South China is 10,500-11,000 yuan/ton, 500 yuan/ton, and the mainstream transaction price is 10500 yuan/ton, 500 yuan/ton.

    Domestic manufacturers continue to implement the listing policy and most of them adopt the deferred settlement method.
The quotations are all restored, the level is flat, and "acceptable, including freight", but it is still difficult to stimulate "buying".
At present, manufacturers have deepened production restrictions and can greatly reduce them.
The improvement of the supply-demand relationship is limited, and the weak demand is still a weakness.
In addition to the decline in raw material costs, manufacturers have to withstand the test of shrinking consumption.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn): Bohui Chemical’s ex-factory price is 11,000 yuan/ton (including freight), and 3 sets of 8+8+80,000 tons/year units are fully shut down; Yang The ex-factory price of agricultural chemical industry is 11,000 yuan/ton (including freight), mainly for self-use, rarely shipped, 3+30,000 tons/year, 1 shutdown 1 (low load operation); Xinyue chemical ex-factory price 11,000 yuan/ton ( (Including freight), the operating load of the 3+30,000 tons/year device is relatively low; Qilu Petrochemical’s ex-factory price is 11,000 yuan/ton (including freight), and the 32,000-ton/year device operating load is average; Tianjin Chemical’s ex-factory price is 11,000 yuan/ton (including Freight), the 28,000-ton/year unit and the 33,000-ton/year unit will be shut down on September 15 and will be combined for transformation.
The time is planned for January.
It has not restarted yet; Baling Petrochemical’s ex-factory price is 11,000 yuan/ton (including freight) , 32,000 tons/year device is operating normally, mainly for self-use, and insufficient for export; Anbang Electrochemical’s ex-factory price is 11,500 yuan/ton (including freight), and the 20,000 tons/year device will be shut down on September 15 for maintenance.
The planned time is half a month.
See the restart, no inventory sales; Sandie Chemical lack of quotation, 25,000 tons/year plant shutdown, product supply related companies; China Shipping Fine Chemicals 40,000 tons/year plant is about to be completed, and it plans to put into trial operation in October.

(Our reporter Zhong Huan)

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