Daily review of epichlorohydrin: still weak

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 31, 2009: The domestic epichlorohydrin market is still weak and continues to decline.
On the last trading day (December 30), the mainstream transaction price in the mainstream market in East China began to enter the range of 14,400 to 14,600 yuan/ton, and was reduced by 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market’s weak consolidation continued on that day.
Manufacturers and intermediaries generally reported that the shipment speed was slowing, and the annual settlement of the manufacturer’s inventory was approaching the end of the month and the end of the year.
, Part of the order was suspended.
Although other manufacturers' quotations were firm, the actual negotiations were based on the market.
The low-priced supply gradually emerged in the market, the level of negotiations was weakened, and the self-claimed prices were slightly lower.
Consolidation-oriented.
The raw material propylene offers continue to rise.
The buying intention for the second January/February is 1,210-1220 US dollars/ton (CFR China's main port).
Domestic manufacturers are rising steadily, and some low-end supplementary increases.
The price of 9300 is negotiated in Shandong.
~9350 yuan/ton, downstream polypropylene is operating at a high level, coupled with good crude oil, is still cautiously optimistic.
The characteristics of the day initially showed that the market was slightly disordered, mainstream prices were lower, narrow-range adjustments, and trading was deserted.
Merchants were tight at the end of the year and shipment prices were slightly lower.
However, the supply of goods was still tight, the main manufacturers' quotations were stable, and downstream operations were reduced or stopped and consumed.
Inventory is dominated, demand is suppressed, and transaction volume is small.
As the New Year’s Day holiday approaches, market sentiment is dull, and some small and medium-sized enterprises are preparing for holiday parking.
Coupled with the recent weak consolidation, downstream buying interest has weakened and more wait and see.
Short-term fluctuations should be mainly weak.

    On the last trading day (December 30), the domestic epichlorohydrin market declined slightly.

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