Daily Review of Epichlorohydrin: Test Sixty-Five

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] November 27, 2008: The domestic epichlorohydrin market continues to decline and begins to test the Sixth Five-Year Plan, on the trading day (November) 26th) The mainstream transaction price in the East China region of the mainstream market, cruising in the range of 6,500-6700 yuan/ton, and the high-end price is lowered by 300 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market basically followed the manufacturers’ operations on that day.
Domestic manufacturers proceeded with settlements and resumed normal quotations, and the market fluctuated within a narrow range and stabilized.
The current transaction is low.
The end is unified, both are at 6,500 yuan/ton, the trading situation is still normal, the raw material market has risen after the decline, the manufacturers continue to control the start, the market fluctuation space is reduced, the overall mentality has become peaceful, and the market outlook is limited; domestic manufacturers are pragmatic, Following the leading company Bohui Chemical, leading the settlement, the old brands Tianjin Chemical and Qilu Petrochemical have unified the price of 6,500 yuan/ton, and other manufacturers have also surfaced.
The overall price is flat at the 65th level, and the overall price is down 2,500 yuan from the end of the previous month.
At the same time, there is no longer a postponement of listing, and the factory and market are back to the same level; the raw material propylene rose and fell in the internal market, and the external market was hovering at $460/ton (FOB South Korea).
The local refinery started to "self-regulate" and gather in the downstream.
Stimulated by the recovery of propylene, the price market rebounded rapidly after falling.
The quotation in Shandong rose to 5000-5300 yuan/ton, and the reference can be at 5000 yuan/ton.
Although it is not the same as 6000 yuan/ton, after all, the cost support is approaching the price.
Not much space.

On the last trading day (November 26), the domestic epichlorohydrin market was sorted down.
Most downstream companies digested the preliminary inventory and waited for more manufacturers to settle the month.
At present, the focus of negotiations is on the low-end.
The new unified platform is in front of us and remains small on that day.
The single volume is the main volume; the manufacturer’s settlement price is released, and the weather vane is turning to this price.
The market pays close attention to the dynamics of the factories and the wait-and-see atmosphere increases.
There are few discussions and hearings; downstream epoxy resins continue to stabilize, the price market is uneven, and there are also hearings below the low-end, continue to digest high-priced inventory, and it is difficult to have consumption-driven behavior.
At present, domestic manufacturers' settlement prices have not been unified.
In view of the supply and demand and the trend of raw materials, the downward trend is still the general trend and there is little room for fluctuations.
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 low-end price is lowered by 300 yuan/ton/ the high-end price is lowered by 500 yuan/ton, and the mainstream The transaction price is 6500-6700 yuan/ton, the high-end price is lowered by 300 yuan/ton; the mainstream price in Huangshan area is 6500-7000 yuan/ton, the low-end price is lowered by 300 yuan/ton/ the high-end price is lowered by 500 yuan/ton, and the mainstream transaction price is 6500-6700 yuan/ Ton, high-end prices are lowered by 300 yuan/ton; mainstream prices in North China are lowered by 6500-7000 yuan/ton, low-end prices are lowered by 300 yuan/ton/high-end prices are lowered by 500 yuan/ton, mainstream transaction prices are lowered by 6500-6700 yuan/ton, and high-end prices are lowered by 300 yuan/ Tons; mainstream quotations in South China are 7000-7500 yuan/ton, low-end prices are lowered by 300 yuan/ton/high-end prices are lowered by 500 yuan/ton, mainstream transaction prices are 7000-7200 yuan/ton, and high-end prices are lowered by 300 yuan/ton.

Domestic manufacturers' settlements are in full swing, and most of the extensions are cancelled.
The factory and market prices are gradually moving towards the same level, and 6,500 yuan/ton is becoming the mainstream.
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), the settlement price is 6,500 yuan/ton, and one set of 80,000 tons/year is in operation.
Among them, 2 sets of 80,000+80,000 tons/year installations were shut down; Tianjin Chemical’s ex-factory price was 6,500 yuan/ton (including freight), 500 yuan/ton was lowered, the settlement price was 6,500 yuan/ton, and 28,000 tons/year installations were November 21 Temporary shutdown, 33,000-ton/year plant has been shut down since September 15; Xinyue Chemical’s ex-factory price is 7,000 yuan/ton (including freight), the settlement price is 6,500 yuan/ton (including freight), and the 3+30,000-ton/year plant is in operation The load is low; Yangnong Chemical is closed, the pre-factory price is 9,000 yuan/ton (including freight), mainly for self-use, few shipments, 3+30,000 tons/year equipment continues to stop, and the restart time is unknown; Qilu Petrochemical’s factory price 6500 yuan/ton (including freight), 500 yuan/ton lower, settlement price 6500 yuan/ton, 32,000 tons/year equipment is operating normally; Baling Petrochemical’s ex-factory price is 7500 yuan/ton (including freight), 500 yuan/ton lower , The operating load of the 32,000 tons/year installation is not high, mainly for self-use and insufficient export; Anbang Electrochemical’s ex-factory quoted price is 8,000 yuan/ton (including freight), the settlement price is issued at 6,500 yuan/ton, and the 20,000 tons/year installation is low load Operation; Sandie Chemical lacks quotations, and the operating load of the 25,000-ton/year plant is relatively low, and the product is supplied to affiliated companies; the 40,000-ton/year plant of China Shipping Fine Chemicals is about to be completed, and it is planned to be commissioned in October, which seems to be difficult to start in November.

(Our reporter Ruo Hua)

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