Epoxy Weekly Review: Moderate decline

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] May 23, 2011 News: The third week of May 2011 (May 16 ~ May 20), the domestic ring Oxygen resin market is adjusted downwards by a moderate margin, weakly adjusted, weak and wait-and-see, and run weakly.
Weekend mainstream liquid resin quotations: East China 26,000-27,000 yuan/ton, down 500 yuan/ton, North China 25600-26700 yuan/ton, 500 yuan/ton, South China 26200-27200 yuan/ton, 500 yuan/ton ; Mainstream quotations of solid resins: two-step products in East China offer 26,000-26500 yuan/ton, down 500 yuan/ton, one-step products in Huangshan area offer 23,500-24500 yuan/ton, low-end prices down 100 yuan/ton, North China quotations 23,200-24,300 yuan/ton, lower-end price reduction of 100 yuan/ton.
During the week, the market was weak and the downward trend was released to Europe.
International oil prices and bulk commodities frequently changed long and short.
Direct raw materials entered the downward channel as a whole.
The market mentality suffered severe shocks and the risk-averse Qingxu surged along with the trend.
, See the full version for details), according to experts from China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn, in short, the adjustment of upstream raw materials is not yet clear, and most downstream demand is not operating well, and the market outlook is under downward pressure.
There is still a small amount of storage, and the industry does not operate to avoid risks.

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