Epoxy Resin Weekly Review: The decline slows down

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News from December 1, 2008: The fourth week of November 2008 (November 24 to November 28), the domestic market Although the oxygen resin market continues to decline, the decline has been slower.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market continued to decline during the week.
On the one hand, the cost of raw materials was still weakened, and on the other hand, it showed inertial adjustment.
The impact of the global financial crisis is still continuing, with obvious recession in some regions and local markets; while the general weakness of international crude oil has not changed, it once fell to the level of US$40/barrel, and it is still difficult to break through the US$55/barrel mark; domestic and foreign continue A series of market rescue measures have been introduced, especially the domestic investment plan has exceeded 15 trillion yuan, but its development stimulating effect is far from being reflected.
The consumption of epoxy resin is still sluggish, and domestic demand is particularly sluggish.
However, the situation of liquid and solid products has differentiated.
During the week, the cost of raw materials will still be dropped, including: (omitted, see the full version for details).
At the same time, the overall demand bottleneck is still prominent.
With the overall weakness of the domestic economy, demand in the consumer sector has further weakened, and the housing market, automobiles, and electronic appliances are sluggish, making it difficult for downstream demand to reverse in the short term.
In the fierce market competition, in fact, lower prices have been heard from time to time.
Some small and medium-sized manufacturers produce intermittently and operate flexibly.
Recently, the cost of raw materials is relatively low and they are actively following the market, which often become the "first mover" leading the downward trend.
Weekend liquid resin mainstream quotes: (omitted, see the full version for details).

1.
Domestic market
1.

Eastern China market The

2.

East China/Huangshan market The

3.

Upstream raw materials

Fourth, the market outlook analysis The
domestic epoxy resin market outlook will be mainly slow.

At present, the main influencing factors are as follows: First, cost support is expected to stabilize.
Although the two major raw materials have not stopped falling, the market outlook has limited room for adjustment, especially the long-declining epichlorohydrin, whose raw material propylene has returned to the 5,000 yuan/ton platform.
, In short, when the international crude oil fluctuates, the room for upward and downward adjustments has been reduced; second, downstream demand continues to be sluggish (slightly, see the full version); third, the spot market has abundant resources (slightly, see the full version for details).
From the comprehensive analysis of the above factors, it can be seen that the market will continue to be dominated by weak consolidation, and the volume of transactions will continue to maintain small orders.
Looking at the operation of the international market again: the Asian market is affected by the weak global demand, the price market has further fallen, and the loading offer in December (slightly, see the full version for details); the European market is also further weak, of which solid resin (slightly, See the full version for details).
Market experts of the China Epoxy Industry Association (www.
epoxy-e.
cn) said that the international market shows that the shrinkage is still continuing.
At present, the country continues to introduce policies to rescue the market, but the economic recession has become a consensus.
The international crude oil fluctuates at a low level and the raw material propylene is turbulent.
It is difficult for the downstream off-season to recover.
The overall start of epoxy resin manufacturers is not high.
Mainly, the market outlook should gradually focus on stabilizing operations.

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