Epichlorohydrin Daily Review: Wait and see

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] May 10, 2010: The domestic epichlorohydrin market has been on the sidelines and is finishing at a high level.
On the last trading day (May 07), the mainstream transaction prices in the East China region of the mainstream market continued to be stable in the range of 17,000 to 17,500 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market was dominated by narrow fluctuations on the day.
The recent commodity callbacks and small and medium-sized downstream intensified wait-and-sees.
The center of transaction prices is at the middle and low end, and supply and demand support , High-level consolidation continues, and the post-holiday market gradually shifts to a sideways consolidation.
Intermediary merchants follow the market to increase in volume.
International crude oil continues to plummet, related bulk commodities are undergoing downward consolidation, direct raw materials propylene and liquid chlorine both weaken, and more downstream inventories are digested and high levels are cautious.
Increase, the spot market gradually fluctuates in a narrow range.
The upstream propylene was impacted by the shock of crude oil, the market in Shandong was declining, and high-end transactions were difficult.
The listed prices of manufacturers were lowered and the range remained at 10150-10250 yuan/ton.
However, high-end talks are almost extinct, and actual talks are 10100-10200 yuan/ton; liquid chlorine Affected by the sluggish downstream demand, the market in Shandong continues to fall.
The mainstream negotiated price is 1,600 to 1,800 yuan/ton, and the transaction is flexible, both high and low, and some are resold in Jiangsu at a low price of 1,500 yuan/ton.
At present, the contract supply in the domestic market is dominated, the supply and demand are supported at the basic level, and the short-term high is sideways.
Focusing on the trend of major domestic manufacturers; at present, the manufacturers are mainly contracted and the rhythm of shipments is normal, and the sales reluctance mentality of intermediate merchants is gradually disappearing.

    On the last trading day (May 07), the domestic epichlorohydrin market was operating at a high level, the factory and the market were flat, the market opened flat, trading remained unchanged, on-demand procurement was the main focus, and the overall atmosphere was general.
The recent bulk commodity market fluctuated downward, except for supply and demand factors.
The upward movement can be weakened, and the intermediate merchants will mainly follow the market.
The reference negotiation range is still, the high-end quotation is mostly \ the low-end is the source of the pre-contract; the domestic market after the holiday is higher and the production and sales conditions of each factory are normal, and the contract execution is the main.
Short-term supply and demand is still the dominant trend guide.
The riots in Greece on Tuesday triggered commodity selling, and international crude oil continued to plummet.
Concerned about the impact of related products.
The raw material propylene situation continues to be stable, with a few high-end manufacturers lowering prices and short-term sideways adjustments; the liquid chlorine market continues its downward trend, with slightly higher prices in some areas, and the market has a strong wait-and-see atmosphere and the overall trading situation is average.
Although the raw material liquid chlorine market fluctuates downwards, the relationship with raw materials has recently weakened.
The market continues to fluctuate and run at a high level.
The supply and demand of resources are tight, many companies holding stocks are reluctant to sell, and the downstream individual purchases on demand and the trading atmosphere is deserted.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotation in East China is 17,500 yuan/ton, the mainstream transaction price is 17,000-17500 yuan/ton; the mainstream quotation in Huangshan area is 17,500 yuan/ton , The mainstream transaction price is 17000-17500 yuan/ton; the mainstream quotation in North China is 17500 yuan/ton, and the mainstream transaction price is 17000-17300 yuan/ton; the mainstream quotation in South China is 18000 yuan/ton, and the mainstream transaction price is 17500-18000 yuan/ton.

    Most domestic epichlorohydrin manufacturers offer clear and narrow quotations.
According to the introduction of market experts from 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 and started.
Widely concerned, the contract supply is the main and the shipment is normal; Tianjin Chemical’s ex-factory price is 17,000 yuan/ton (including freight), the 28,000+33,000 tons/year plant is operating normally, the sales are general, and the contract is the main; Xinyue Chemical has closed the plate, The initial ex-factory quotation is 15,500 yuan/ton (including freight), 40,000 tons/year, the equipment is stable, the load is half, the contract is mainly, the inventory is not high; Qilu Petrochemical’s ex-factory price is 17,000 yuan/ton (including freight), 32,000 tons/year The equipment load is 50%, the contract is the main one, the delivery is normal, and the inventory is limited; Yangnong Chemical has closed the disk, the pre-factory price is 15,000 yuan/ton (including freight), and the 30+30,000 tons/year device is operating normally and the load is 70%.
For self-use and small export sales; CNOOC Refined Chemicals, ex-factory quotation is 14,000 yuan/ton (including freight) in the early stage, 40,000 tons/year, the plant starts smoothly at full load, and the load is 70%.
The pre-contract and core users are the main ones; Huaxiang The chlor-alkali seal, the ex-factory price of 15,000 yuan/ton (including freight), 35,000 tons/year, the unit is operating normally, the operation is stable, the sales volume is average, and the goods are on the move; the ex-factory price of Baling Petrochemical is 17,000 yuan/ton (including freight), 32,000 The ton/year device is operating normally, the load is high, and it is mainly for self-use, with a small amount of external supply; Anbang electrochemical sealing, the pre-factory price of 6,500 yuan/ton (including freight), the 25,000 tons/year device continues to stop, and the restart time is unknown.

(Our reporter Ruo Hua)

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