Epoxy Resin Weekly Review: Downward Adjustment

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] March 22, 2010: The third week of March 2010 (March 15 ~ March 19), domestic ring Oxygen resin market is passively down.
Two major raw materials continued to be the focus of attention during the week: epichlorohydrin fell below 14,000 yuan/ton, the largest single-week decline in the previous week, and it has not stopped slipping.
However, the raw material liquid chlorine continues to rise, and it is currently nearly 2,000 yuan/ton.
Tons, propylene consolidated and the production cost of epichlorohydrin rose, and stabilized in the later stage, and entered the consolidation stage; the supply of phenol ketone, the raw material of bisphenol A, was abundant and the downstream demand was sluggish, but it began to stabilize during the week and rebounded slightly.
In fact, there is still a certain demand in the downstream, but the bearish atmosphere is strong, and the wait-and-see is the main thing.
There will be a certain downward trend throughout the week, and the market needs to be further clarified (for details, see the full version).
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotations of liquid resins on weekends are: 21500-22500 yuan/ton in East China, 500 yuan/ton down, and 21700-22700 yuan/ton in North China.
Decrease 500 yuan/ton, 21700-22700 yuan/ton in South China, 500 yuan/ton; mainstream quotation of solid resin: two-step products in East China offer 21,000-22,000 yuan/ton, down 500 yuan/ton, one-step products Huangshan The regional quotation is 18500-19500 yuan/ton, 500 yuan/ton lower.

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Domestic market
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    2.

    Manufacturer name Product model Ex-factory quotation (yuan/ton)
    Ups and downs Kunshan, South Asia NPEL-128/E-51/618 (omitted, see full version for details) —
                                                  901 (omitted, see full version for details) —
    Dalian Qihua DYD-127/ E-44/6101 (slightly, see the full version for details) —
                                           DYD-128/E-51/618 (slightly, see the full version for details) —
                                                  E-20/601 (slightly, see the full version for details) —
    Guangzhou Hongchang E- 44/6101, E51/618 (omitted, see full version for details) —
                                          E-20/601 (omitted, see full version for details) —
                                          E-12/604 (omitted, see full version for details) —
    Wuxi resin E-44/6101 (omitted, see full version for details) —
                                          E-51/618 ( Slightly, see the full version for details) —
                                          0194/0191 (slightly, see the full version for details ) —Guodu
    Chemical E-51/618 (slightly, see the full version for details) —
                                          E-20/601 (omitted, see full version for details) —
    Baling Petrochemical CYD-128/E-51/618 (omitted, see full version for details) —
                                         CYD-144/E-44/6101 (omitted, see full version for details) Version) —
                                         E-12/604 (omitted, see full version for details) —
                                         E-20/601 (omitted, see full version for details)
    —Yangnong Chemical YNI-828/E-51 (omitted, see full version for details) —
                                         YNI-826/E-44 (omitted, see the full version for details) —
    Jiangsu Sanmu E-44/6101, E-51/618 (omitted, see the full version for details) —
                                         E-12/604, E-20/601 (omitted, see the full version for details) —
    Wuxi Lanxing Epoxy 850S/ E51 /618 (slightly, see the full version for details) —
                                         860L/E44/6101 (slightly, see the full version for details) —
                                          1#～9# (slightly, see the full version for details)
    —Langfang Nuoerxin YNI-828/E51/618 ( Slightly, see the full version for details) —
                                          YNI-860/E44/6101 (Slightly, see the full version for details) —
                                           E-12/604 (slightly, see the full version for details) —
    Huangshan Runfa E-12/604 (slightly, see the full version for details) —
                                           E-20/601 (slightly, see the full version for details) —
    Anhui Hengyuan E- 12/604 (omitted, see the full version for details) —
                                            E-20/601 (omitted, see the full version for details) —

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    Market outlook analysis The domestic epoxy resin market has officially recovered.
International energy is operating in shocks, direct raw materials have stabilized, epoxy resins have fallen moderately, and the market trading atmosphere is deserted.
The impact of the sharp decline in raw materials in the early stage is still there.
There seems to be certain downstream demand, but the expected bearish impact is expected.
Be cautious and wait and see.
The overall transaction volume is very small.
The average start-up of the market is low and the market is operating at a weaker pace.
The market outlook restricts the factors that are the first to push raw materials: epichlorohydrin spot fluctuates within a narrow range, the production and sales of various plants are temporarily stable, the spot trend gradually eases, the external market plummets, the market gradually becomes clear, the downstream mentality gradually eases, and the market is expected to shift into a narrow consolidation channel ; The market sentiment of bisphenol A has improved slightly, the interest in inquiries has increased slightly, the negotiating price has risen slightly, the overall transaction volume has generally increased, and the spot bad news has been slightly diluted, and the position is mainly organized.
From the analysis of the overall situation of the raw materials, the current trading is not smooth, the epichlorohydrin seems to have downward space, and the early epoxy resin has not yet been fully reflected, so the market outlook seems to be stable, but the weakness is difficult to get rid of.
Look at the downstream demand is still weak and stable, (slightly, see the full version for details).
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), although the raw materials have stopped falling and stabilized, the demand is sluggish and the raw materials have plunged sharply in the early stage.
The supply is still facing greater pressure to digest, and the short-term market volatility is going down.
It is imperative.
If the raw material recovers and it is also a good support, it will be spared in the later stage, so short-term replenishment will be the main trend.

    V.
Related charts
    1.
Domestic liquid epoxy resin market trend chart (March 20, 2009-March 19, 2010)
    (omitted, see the full version for details).

    2.
Trend chart of liquid epoxy resin market in East China (February 20, 2010-March 19, 2010)
    (Omitted, see the full version for details).

    3.
Domestic solid epoxy resin market trend chart (March 20, 2009 ~ March 19, 2010)
    (omitted, see the full version for details).

    4.
The trend chart of the solid epoxy resin market in Huangshan area (February 20, 2010-March 19, 2010)
    (Omitted, see the full version for details).

    5.
Domestic epoxy resin, bisphenol A, and epichlorohydrin market trends (March 20, 2009-March 19, 2010)
    (Omitted, see the full version for details).

(Our reporter Zhong Huan)

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