Daily Review of Epichlorohydrin: Weakness Continues

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] October 15, 2009: The domestic epichlorohydrin market is still down and continues to fall.
On the last trading day (October 14), the mainstream transaction price in the East China region of the mainstream market formed a range of 10,300-10,500 yuan/ton, and the low-end was reduced by 200 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market continued to be weak on that day, the negotiation range was lowered, and some were slightly lower.
The mentality of trading merchants and downstream manufacturers was unstable and lacked confidence in the market outlook.
, Enter the market cautiously; as the overall market decline continues, individual manufacturers have a greater impact on inventory pressure and sell at low prices to reduce inventories.
Sellers enter the market cautiously and market transactions are weak.
The raw materials propylene and liquid chlorine are consolidating within a narrow range, and the short-term support for the market is limited.
The dynamics and market mentality of major manufacturers still need to be paid attention to.
It is expected that the weak market will be difficult to change, and the transaction may continue to decline.
The characteristics of the current overall market are as follows: continuous decline and deadlock in trading.
Individual manufacturers have reduced inventories, parking, reducing burdens, and promoting sales to cater to the market.
Merchants have different attitudes and lack of confidence in the market outlook.
The raw material propylene market is operating steadily, and the transaction price in Shandong is 8550-8600 yuan/ton, which is expected to maintain a good trend in the near future; the liquid chlorine market will continue to maintain stable operation, and the ex-factory price in Shandong is 1300-1400 yuan/ton.
The raw material epichlorohydrin has continued to fall, and the pressure on the downstream epoxy resin has gradually increased.
Some manufacturers have been steadily declining, and the terminal demand has been slowly increasing.

    On the last trading day (October 14), the domestic epichlorohydrin market became weaker, the price dropped again, the operating weakness continued, the wait-and-see atmosphere was strong, the market negative factors were the dominant factor, the sellers had a strong wait-and-see atmosphere, and the enthusiasm for entering the market was not high.

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