Daily review of epichlorohydrin: unstable low

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on October 31, 2008: Although the domestic market of epichlorohydrin has been deeply explored at nine thousand, the trend is still unstable.
On October 30, the mainstream transaction price in East China in the mainstream market temporarily hovered at 9,000 yuan/ton, and some could reach 8,500 yuan/ton or even lower.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market operating atmosphere was light that day, and many downstream manufacturers stopped production, or low-load operation and small-scale start-ups, and the raw materials basically digested the preliminary inventory.
A small amount of negotiation is mainly on the market.
Although the monthly settlement is released, the postponement is still there.
On the surface, the quotation and transaction are flat at around 9,000 yuan/ton.
In fact, low prices are still emerging, and the cash part can be reduced by 500 yuan/ton, and The characteristic of infinite quantity is outstanding, and there are few transactions heard; the current market is dominated by sporadic small orders, and the middle merchants in the market are slow to ship, just like the manufacturers.
The market is subject to 9,000 yuan/ton.
Acceptance delivery and postponement of settlement are implemented, and the overall social inventory The digestion of resources is slow, and the downstream is still digesting the high-priced inventory in the early stage and controlling the start-up load.
It is difficult to increase the scale of demand in the short term.
At the same time, some of the manufacturers' restart plans have emerged, which basically "offset" the production stop factor, and the market outlook is still difficult to understand, more Waiting for the changes, we look forward to clarification with time for space.
However, as the economy continues to slow down, global demand is shrinking, bulk petrochemical products have not yet seen the bottom, and epichlorohydrin consumption is down, the weak consolidation trend will continue and stop the decline.
It takes a long time to suffer.

    The domestic epichlorohydrin market was temporarily stable on the last trading day (October 30).
The overall decline in the month reached 3,500 yuan/ton.
Due to the low demand in the downstream market and less than 50% of the operations, the current price is still not "identified", especially The raw material propylene fell below 5,000 yuan/ton, and there is still a bearish atmosphere in the market outlook; the market characteristics of the day are mainly manifested as: manufacturers introduced settlement prices, the market continued to decline simultaneously, and the market became clear in the short term and followed the adjustment of 9,000 yuan/ton, but the market outlook is actual Still "stuffed"-the deferred settlement policy continues to be implemented, so the manufacturer's prices are still unclear.
Considering the current weak demand, even if the raw materials fall to the bottom, the market that is "badly injured" in the short term will still hardly show a significant improvement, not to mention that it has not been seen so far.
All parties continue to pay attention to the price policy of manufacturers; domestic petrochemical products have fallen into a cycle of sharp decline.
The price of direct raw material propylene has dropped and has shrunk by more than 60%.
The demand for epichlorohydrin has been shrinking, market confidence has collapsed, and consumption has shrunk and costs have shrunk.
In the case of loss of expenditure, the price adjustment "long road" and "endless", buyers wait and see but increase.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 9,000 yuan/ton, and the mainstream transaction price is 9,000 yuan/ton; the mainstream quotation in Huangshan is 9,000 yuan/ton, mainstream The transaction price is 9,000 yuan/ton; the mainstream quotation in North China is 9,000 yuan/ton, and the mainstream transaction price is 9,000 yuan/ton; the mainstream quotation in South China is 9,500 yuan/ton, and the mainstream transaction price is 9,500 yuan/ton.

    Domestic manufacturers continue to implement the listing policy, and the market outlook is still unclear.
The resistance level of 9,000 yuan/ton is under great pressure.
In fact, there are signs of 8,500 yuan/ton, and it may even slip to the level of 8,000 yuan/ton.
The grim situation is coming.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn): Bohui Chemical’s ex-factory price is 9,000 yuan/ton (including freight), and 3 sets of 8+8+80,000 tons/year plants are shut down; Tianjin The chemical ex-factory price is 9,000 yuan/ton (including freight), the 28,000-ton/year device, and the 33,000-ton/year device will be shut down on September 15 and will be combined for transformation.
The time is planned for January.
It is currently planned to restart at the end of this month and early next month; Xinyue Chemical's ex-factory price is 9,000 yuan/ton (including freight), and the operating load of 3+30,000 tons/year is relatively low; Yangnong Chemical's ex-factory price is 11,000 yuan/ton (including freight), which is mainly for self-use and rarely shipped.
3+30,000 tons/year device is operating at low load; Qilu Petrochemical’s ex-factory price is 9,000 yuan/ton (including freight), and the 32,000 tons/year device has a normal operating load; Baling Petrochemical’s closing, the pre-factory price of 11,000 yuan/ton (including freight) Freight), the 32,000 tons/year unit will temporarily stop and restart time is unknown, mainly for self-use, and insufficient export; Anbang electrochemical sealing, the initial ex-factory price of 11,500 yuan/ton (including freight), 20,000 tons/year low-load operation of the device ; Sandie Chemical lacks quotations, the 25,000-ton/year plant restarts and runs at low load, and its products are supplied to affiliated companies; the 40,000-ton/year plant of Zhonghai Fine Chemicals is about to be completed, and it is scheduled to be commissioned in October, but it is still unclear.

(Our reporter Huan Yang)

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