Daily Review of Epichlorohydrin: Atmosphere Weakened

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] May 12, 2010: The domestic market for epichlorohydrin has weakened and its center of gravity shifted downward.
On the last trading day (May 11), the mainstream transaction price in the mainstream market in East China further began to form a range of 17,000 to 17,200 yuan/ton, and the high-end price 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 sentiment turned weak on that day, and there was even a low price.
Although the manufacturers offered to maintain firm orders, the intermediary merchants changed their strategy-active quotation.
Shipment intentions have been significantly enhanced.
Downstream users consume inventory and passive purchases.
The focus of the consultation level has been lowered.
With the shock of the dual-material market and the stagnation of downstream epoxy resins, the spot market has been flat at the beginning of the week, although the main manufacturers have equipment maintenance news.
However, due to the recent sharp decline in raw materials and the correction of the bulk commodity market, epichlorohydrin is already above the top, and the upward action can be weakened.
Most of the main downstream forces consume inventory and are cautious when using it.
During the Asian trading hours, the European Union's 750 billion euro Greek aid plan was introduced, which was good for stimulus.
International crude oil prices rose sharply during the intraday session.
The follow-up is temporarily difficult to be clear, and the market is mainly waiting and watching.
The raw materials of epichlorohydrin—liquid chlorine and propylene—the market continues to be weak.
The mainstream negotiated prices in Shandong are 1,200 to 1,400 yuan per ton for liquid chlorine and 10,000 yuan per ton for propylene.
Recently, bulk products are weak and the overall mentality is under pressure and it is difficult to be optimistic.
.
Major manufacturers continue to stop for maintenance, and the overall market supply is slightly reduced.
In addition, manufacturers still focus on contract implementation.
Although the raw materials continue to weaken, the short-term supply and demand relationship is dominant, and the market fluctuation space is expected to be limited.

On the previous trading day (May 11), the domestic epichlorohydrin market was weak and fell within a narrow range, raw materials frequently fell, and the downstream was mostly on the sidelines.
Buyers generally took the initiative to find offers, and negotiated prices for high-end prices, heavy volumes, and major manufacturers’ installations.
Overhaul may form a certain degree of support; the weakening of the dual raw materials-propylene and liquid chlorine-will have a certain impact on the market mentality.
However, the device will be overhauled soon and short-term supply and demand support will continue.
Focus on the manufacturer's production and sales dynamics and expected high-level shocks.
Although some quotations increased last week and the focus of transactions rose steadily, it was already at the end of the battle, and the market's rising trend slowed down.
The downstream market entered the market for purchases and stocks were abundant.
Sellers still have no shipping pressure, and the market outlook is still optimistic.
Crude oil plunges have suppressed the market mentality, and the atmosphere of epichlorohydrin has temporarily stabilized.
Trading merchants are following the market and their enthusiasm for downstream inquiries is slightly reduced.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 17000-17500 yuan/ton, the low-end price is reduced by 500 yuan/ton, and the mainstream transaction price is 17000-17200 yuan/ Tons, high-end prices are reduced by 100 yuan/ton; mainstream quotations in Huangshan area are 17000-17500 yuan/ton, low-end prices are lowered by 500 yuan/ton, mainstream transaction prices are 17000-17300 yuan/ton, and high-end prices are lowered by 200 yuan/ton; mainstream quotations in North China are 17000 yuan/ton ～17,500 yuan/ton, 500 yuan/ton lower for the low-end, 17000-17100 yuan/ton for the mainstream transaction, 100 yuan/ton for the high-end; 17500-18000 yuan/ton for the mainstream in South China, and 500 yuan/ton for the low-end.
The mainstream transaction price is 17500-17700 yuan/ton, and the high-end price is lowered by 700 yuan/ton.

    Domestic epichlorohydrin manufacturers offer maintenance and overhaul soon.
According to the market experts of China Epoxy Industry Association (www.
epoxy-e.
cn), Bohui Chemical’s ex-factory price is 17,500 yuan/ton (including freight), and the 8+8+80,000 tons/year plant is maintained.
Some The start of construction is low, and it will be stopped for repairs from May 12 to 18, and the supply is mainly contracted, and the shipment is normal; Tianjin Chemical's ex-factory price is 17,000 yuan/ton (including freight), and the equipment will be shut down for maintenance on 11-16 days.
, Sales are general and contract-based; Xinyue Chemical’s ex-factory quoted price is 17,500 yuan/ton (including freight), increased by 2,000 yuan/ton, 40,000 tons/year, stable operation, half load, contract-based, low inventory; Qilu Petrochemical The ex-factory quotation is 17,000 yuan/ton (including freight), and the installation load of 32,000 tons/year is 50%.
The contract is mainly, the delivery is normal, and the inventory is limited; 3+30,000 tons/year equipment load is 70%, planned overhaul in mid-May for 7-10 days, mostly for personal use, not for export; CNOOC Limited’s ex-factory price is 14,000 yuan/ton (including freight), 40,000 yuan The ton/year plant starts smoothly at full load, with 80% load, pre-contracted and core users are the main; Huaxiang chlor-alkali ex-factory price is 16,500 yuan/ton (including freight), and the increase is 1,500 yuan/ton.
The 35,000-ton/year device is operating normally and started.
Seventy percent, the sales volume is average, and the cargo is on-the-go; Baling Petrochemical’s ex-factory price is 17,500 yuan/ton (including freight), and the increase is 500 yuan/ton.
The 32,000 tons/year plant is operating normally, with high load, mainly for self-use, and a small amount of external supply ; Anbang electrochemical sealing, the initial ex-factory price of 6,500 yuan / ton (including freight), 25,000 tons / year equipment continues to stop, and the restart time is unknown.

(Our reporter Shu Huan)

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