Epoxy Resin Weekly Review: The downward trend is hard to stop

News from January 19, 2009: In the second week of January 2009 (January 12 to January 16), the domestic epoxy resin market was operating weakly and continued to plummet.
The epoxy resin market as a whole was weak during the week.
Although the downstream users had a slight backup, but only partial demand for goods rose slightly, the weakening of demand remained unchanged, and the bearish mentality continued, so even if the raw material fluctuates locally-prices rise and production is low Due to tight cargo, it is still difficult to stabilize the price market, and overall trading continues to be light.
Unexpected disturbances occurred in the raw material market during the week, mainly (slightly, see the full version for details).
As the downstream product industry approaches the Spring Festival, there is a certain stocking demand, and some large factories have tight supply-there is also a shortage of ring chlorine in place.
End users' limited stocking is coming to an end.
They still wait and see the market and cautiously get the goods, and the start of installations is further declining.
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The crude oil market oscillated and continued to trend toward the front line of US$40/barrel.
The overall petrochemical industry was sluggish, downstream demand continued to slump, manufacturers remained the mainstay, the market outlook lacked confidence, and the broad market weakness continued.
In terms of external disks, the Asian market is down (slightly, see the full version for details).
According to market experts from China Epoxy-e.
cn, the mainstream price of liquid resin on weekends: 13800-14800 yuan/ton in East China, down 1000 RMB/ton, 13900~15000 RMB/ton, down 1000 RMB/ton in South China, RMB 14000~15200/ton, RMB 1000/ton down in Central China, RMB 14000~15000/ton, RMB 1000/ton down in Northeast China Area 13900-14900 yuan/ton, down 1000 yuan/ton; mainstream solid resin quotation: two-step products in East China offer 13000-13500 yuan/ton, down 1,100 yuan/ton, and one-step products in Huangshan area offer 10300-13800 yuan/ Ton, down 1,000 yuan/ton.

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Domestic market
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    Market outlook analysis The domestic epoxy resin market is weak and consolidates, and talks are light.
The market atmosphere in the later period is undoubtedly weakening-the Lunar New Year is approaching, and there is still a week of working time.
Other influencing factors are mainly reflected in: First, in terms of raw materials, the main change is epichlorohydrin.
Although bisphenol A has a negative decline, its strength is limited.
Although the price of epichlorohydrin has risen slightly, downstream buyers still wait and see and do not follow the overall trend-some prefer to go with the flow, mainly to reduce production and stop operations.
The market outlook price can be stable at 6,500 yuan/ton, but the new week When the contract expires, most buyers will switch to the "new price" and the cost will increase slightly; the market price of bisphenol A will weaken slightly, the resources will continue to be supplemented in the later period, the spot will be gradually loosened, the new equipment will be gradually put into production, and the supply will continue to increase in the future.
The second is the demand side.
(Slightly, see the full version for details).
The third is the manufacturer.
At present, the overall start of construction is basically maintained, and production and sales are basically balanced in the early stage of stocking.
The market outlook will also reduce the start of work as the downstream "half the year", and gradually enter the "Spring Festival" holiday.
In addition, the spot prices in the Asian market are also weak, and continue after a drop of 150 US dollars/ton from the previous (slightly, see the full version for details).
(Slightly, see the full version for details).
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), international crude oil continues to fluctuate, downstream demand continues to shrink, manufacturers continue to control load, market trading is thin, and confidence continues to be suppressed; near the end of the year, manufacturers reduce their load, Part of the holidays enter early, and actual discussions will become more and more limited.
It is expected that the pre-holiday will mainly focus on stabilizing the key, the weak market will still be narrow, the operation will be more cautious, the market will remain weak, and there will be little room for volatility.

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Related charts
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Domestic liquid epoxy resin market trend chart (January 17, 2008-January 16, 2009)
    (Omitted, see the full version for details).

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Trend chart of liquid epoxy resin market in East China (December 17, 2008-January 16, 2009)
    (Omitted, see the full version for details).

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Domestic solid epoxy resin market trend chart (January 17, 2008-January 16, 2009)
    (omitted, see the full version for details).

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The trend chart of the solid epoxy resin market in Huangshan area (December 17, 2008-January 16, 2009)
    (omitted, see the full version for details).

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Domestic epoxy resin, bisphenol A, and epichlorohydrin market trend chart (January 17, 2008-January 16, 2009)
    (Omitted, see the full version for details).

(Our reporter Ruo Hua) 

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