Daily Review of Epichlorohydrin: Trending to Six Thousand

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] December 26, 2008: The domestic market for epichlorohydrin has fallen and tends to six thousand, on the trading day (December 25) ) Although the mainstream transaction price in the East China region of the mainstream market is still in the range of 6,200-6300 yuan/ton, the center of gravity is completely at the low end, and the trend of sliding to 6,000 yuan/ton is obvious.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was narrowed down on that day and the decline was obvious.
The quotations were gradually lowering and negotiations were even falling.
In fact, 6000 yuan/ton has already emerged.
The downstream start-up load is not high, on-demand small orders are picked up at any time, and the wait-and-see prices are further declining; the manufacturers continue to control the start, and the current overall is about 40%.
Many of them have begun to adjust their quotations, and the actual positioning is aimed at the low end of the quotation.
, Lower transactions continue to appear, due to the weak downstream demand, the market outlook is generally difficult to be optimistic; the external market continues to be negligent, and the current price is down by another US$50/ton to US$800-950/ton (CFR China’s main port), and the buying intentions are biased.
Low, only at US$700/ton (CFR China’s main port).
Although some suppliers insist on quotations, it is still at US$1,000/ton (CFR China’s main port).
However, given the low domestic spot, it has no substantial significance; however, it is nearing the end of the month and At the end of the year and the beginning of the year, the raw material propylene market is relatively stable.
Even if the downstream demand has diminished and the overall fluctuation space is small, there will only be three days remaining next week, mainly due to excessive evolution.
The details will be seen next month.

    On the last trading day (December 25), domestic epichlorohydrin was operating weakly.
Intermediate merchants and some manufacturers basically followed the market in terms of volume.
Most of the negotiations were at the level of 6,200 yuan/ton.
The high-end quotations were already lacking mainstream representatives and some automakers.
Lower withdrawal or cash, slow downstream procurement pace, and general market volume; in view of weak downstream demand, weak production profit, frequent low spot prices, strong wait-and-see atmosphere, the overall market for raw material propylene is stable, and cost support is not large.
Parking manufacturers have no drive yet According to the plan, the quotations of the four manufacturers will be slightly lowered; the raw material market is weak and the downstream is forced to follow up adjustments.
Currently, the overall start of work is reduced, and there are still plans to further reduce production.
The manufacturers have little intention of major adjustments, and will still narrow and weaken the order, and may position 6000 yuan /Ton; According to statistics from the customs, in November, imports were 4,150.
038 tons, with a value of 7,69,320 US dollars, and an average price of 1,85.
24 US dollars per ton.
Imports increased by 13.
78% from the previous month.
The cumulative imports from January to November were 62,285.
739 tons.
According to market experts from China Epoxy-e.
cn, the mainstream quotation in East China is 6300-6500 yuan/ton, the mainstream transaction price is 6200-6300 yuan/ton, mainly low-end; Huangshan The mainstream price in the region is 6300-6500 yuan/ton, and the mainstream transaction price is 6200-6300 yuan/ton, mainly low-end; the mainstream quotation in North China is 6300-6500 yuan/ton, and the mainstream transaction price is 6200-6300 yuan/ton, mainly low-end ; The mainstream quotation in South China is 6800-7000 yuan/ton, and the mainstream transaction price is 6700-6800 yuan/ton, mainly low-end.

    Domestic manufacturers continue to adjust their quotations, currently 6200-6500 yuan/ton are the main ones, and the market outlook is 6,000 yuan/ton.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn): Bohui Chemical’s ex-factory price is 6,500 yuan/ton (including freight), 500 yuan/ton is lowered, and an 80,000-ton/year unit is operating normally , The other 2 sets of 8+80,000 tons/year installations will be shut down; Tianjin Chemical’s ex-factory price is 6,500 yuan/ton (including freight), 28,000 tons/year equipment will be shut down on November 21, and 33,000 tons/year equipment will be shut down on September 15.
There is no clear start-up plan; Xinyue Chemical’s ex-factory price is 6,200 yuan/ton (including freight), 800 yuan/ton is lowered, and 3+30,000 tons/year plant operating load is average; Yangnong Chemical is closed, and the initial ex-factory price is 9,000 yuan/ton (Including freight), mainly for self-use, rarely shipped, 3+30,000 tons/year device restart time is unknown; Qilu Petrochemical’s ex-factory price is 6,200 yuan/ton (including freight), and the operating load of 32,000 tons/year device is average; Pakistan Ling Petrochemical’s ex-factory quotation is 6,500 yuan/ton (including freight), and the price is reduced by 1,000 yuan/ton.
The 32,000-ton/year plant will be shut down on December 2 and the start-up time is undetermined.
It is mainly for self-use and insufficient for export; Anbang Electrochemical’s ex-factory quotation is 6,500 yuan/ Tons (including freight), down 500 yuan/ton, and 20,000 tons/year of low-load operation of the device; Sandie Chemical lacks quotations, 25,000 tons/year of the device’s operating load is low, and product supply related companies; China Shipping Fine Chemicals 40,000 tons /Year the installation has been completed, the start-up was originally scheduled for October, and the year may be too small.

(Our reporter Xi Shi) 

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