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Epoxy Resin Weekly Review: Inertial Slipping

 Last Update: 2021-04-26
 Source: Internet
 Author: User

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[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News from November 24, 2008: The third week of November 2008 (November 17 to November 21), the domestic market The oxygen resin market continued to decline, and the decline was slightly slower.
During the week, the market continued to maintain a downward pattern.
Although the raw material market rebounded slightly, the previous inertia still had "energy".
In addition, due to the impact of the global financial crisis, exports fell sharply, domestic demand was severely weak, and the vicious price war was raging.
As a result, the market downturn continues and it is difficult to "brake".
The international oil price is forced to be below US$50/barrel, which is a general background that is worth observing.
Although most of the petrochemicals, especially hydrocarbons, have been adjusted to varying degrees in the early stage, from the broader market, fundamentally speaking, there should be a technical downward adjustment in the later stage.
On the basis of narrow circling, gradually stabilized at a relatively reasonable price.
Directly to the two major raw materials of epoxy resin, the overall price rebounded slightly during the week: epichlorohydrin has a strong momentum, but its upward momentum is weak, and the increase is limited; bisphenol A rises slowly, and its strength is still weak, so the cost of epoxy resin is supported and the effect is enhanced Insufficiency and improvement are not obvious.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the State Council held a meeting on November 10 to implement a proactive fiscal policy and an appropriate monetary policy to further promote economic measures and maintain stable and rapid economic development.
Afterwards, a series of specific measures were introduced, but the results have not yet been seen; however, the effect of rebuilding confidence is significant.
Regardless of mentality or investment and construction, there will be much demand-but at present we can only hope.
Within this week, epoxy resin manufacturers (slightly, see the full version for details).

1.
Domestic market
1.
Eastern China market The

epoxy resin market in Eastern China continued to decline with a slightly smaller margin.

2.
East China/Huangshan market The

epoxy resin market in East China/Huangshan area is still falling, and the range is shrinking.

3.
Upstream raw materials

Market outlook analysis The domestic epoxy resin market is expected to gradually flatten out.

V.
Related charts

(This station reporter Shuohua)

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