Daily Review of Epichlorohydrin: Wait-and-see Trend

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 16, 2010: The domestic market for epichlorohydrin has been temporarily suspended and is moving forward.
On the last trading day (July 15), the mainstream transaction price in the mainstream market in East China will temporarily maintain the platform of 12,500 yuan/ton.
The market experts of China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that the market sentiment was sluggish that day, and actual discussions fluctuated around 12,500 yuan/ton.
Market merchants said that the shipment situation was not smooth and they were cautiously waiting and watching in the short term.
There are few downstream active inquiries and wait for the changes, digesting the inventory and purchasing on demand, and the market outlook breeds negative sentiment.
At present, the spot price of Guobei epichlorohydrin is slightly weak, and the mainstream negotiation is overcast, and the market outlook is not clear.
The external supply of epichlorohydrin in Asia is still tight, and the space for internal and external disks is large.
The spot price in China is approximately US$1,850/ In addition to the recent drop in the production cost of epichlorohydrin, China’s export market can take advantage and be active; buying intentions from Southeast Asia, India and Thailand are around US$2,100/ton CFR, and the converted Chinese price of FOB is US$2,000/ton.
Below; among them, domestic manufacturers export to the Korean market, the price is about 1950 US dollars/ton FOB China, and the quantity is hundreds of tons.
The export interest of some intermediary businesses has increased significantly, which is conducive to the relief of domestic spot pressure to a certain extent.
In short, the domestic market fluctuates weakly, and the shipment situation is not smooth.
With the increase in domestic supply, downstream end users and intermediate merchants are cautiously bearish on the market trend.
They pay attention to the direction of domestic manufacturers and expect the market to be weak.

On the last trading day (July 15), the domestic epichlorohydrin market was weakened, and the channel was downcast.
The shipments of manufacturers and intermediate merchants were flat.
Some low-priced sources emerged, which intensified the downstream wait-and-see atmosphere.
Mainstream negotiations gradually pulled down and tested 12,500 At the resistance level of RMB/ton, downstream buyers continue to use and pick up.
Recently, the price of raw materials has risen, the export market has been active, the pressure on supply has been released, and the bearish atmosphere has been strong.
The high-end price of the external market has been adjusted back by US$50/ton to US$1900-2050/ton (CFR China's main port).
International crude oil drove a surge in the stock market, crude oil futures fell during Asian trading hours, and the direct raw material propylene spot fluctuated within a narrow range.
The market was cautious and wait-and-see atmosphere was strong; liquid chlorine pulled up and entered the stable channel, and the short-term fluctuation space seemed to shrink.
With the rising cost of bisphenol A, domestic epoxy resin prices have risen, especially the solid resin atmosphere has recovered, the downstream demand for liquid resin has not changed significantly, and the ring chlorine has weakened and fluctuates.
The current downstream electronics industry demand is flat.
The demand for coatings is relatively stable, and the recovery of epoxy resin is purely cost-driven, and factories are more cautious to follow up.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 12,500-13,000 yuan/ton, the mainstream transaction price is 12,500 yuan/ton; the mainstream quotation in Huangshan region is 12,500-13,000 yuan.
/Ton, the mainstream transaction price is 12,500 yuan/ton; the mainstream quotation in North China is 12,500-13,000 yuan/ton, the mainstream transaction price is 12,300-12,500 yuan/ton; the mainstream quotation in South China is 13,000-13500 yuan/ton, the mainstream transaction price is 13,000 yuan/ton , High-end cuts by 100 yuan/ton.

    Domestic epichlorohydrin manufacturers have maintained stable operations, and the overall available output has increased, and the pressure on shipments has not yet been highlighted.
According to market experts from China Epoxy-e.
cn (www.
epoxy-e.
cn), Bohui Chemical’s ex-factory price is 12,500 yuan/ton (including freight), the contract is the main one, and the shipment is normal, 8+8+80,000 The ton/year device is operating normally, and the fourth set of 80,000 tons/year device is scheduled to be completed in August; Tianjin Chemical’s ex-factory price is 12,500 yuan/ton (including freight), and the shipment situation is normal, and the contract supply is mainly 2.
8+33,000 tons/ The annual plant is operating normally and the load is 80%; the ex-factory price of Xinyue Chemical is 12,500 yuan/ton (including freight).
The spot has turned weak recently and the market outlook is not optimistic.
The 40,000-ton/year plant is maintained and the load is 80%; Qilu Petrochemical’s ex-factory price is 12,500 yuan /Ton (including freight), the contract supply is the mainstay, the shipment is smooth, the installation load of 32,000 tons/year is 50%, and the operation is stable; Yangnong Chemical’s ex-factory price is 13,000 yuan/ton (including freight), mostly for self-use, and a small amount is available on the market.
3+30,000 tons/year equipment load is 50%, operation is acceptable; China Shipping Refinery has sealed the disk, the pre-factory price is 16,500 yuan/ton (including freight), 40,000 tons/year equipment is operating normally, the load is 80%, and the supply is available on the market.
General; Huaxiang’s chlor-alkali seal, the pre-ex-factory price of 16,600 yuan/ton (including freight), 35,000 tons/year, the unit is operating normally, 50% of the start-up, general sales, and insufficient inventory; Baling Petrochemical’s closed, pre-factory price of 17,500 yuan /Ton (including freight), mainly for self-use, a small amount of external supply, 32,000 tons / year equipment is operating at full capacity; Anbang electrochemical sealing, the pre-factory price of 6,500 yuan / ton (including freight), 25,000 tons / year equipment continues The time of stopping and restarting is unknown.

(Our reporter Xi Shi)

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