Epoxy Weekly Review: Still Frustrated

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] October 26, 2009: The third week of October 2009 (October 19 to October 23), the domestic ring Oxygen resin market has been adjusted down slightly, and has been operating weakly and steadily.
During the week, the market’s external direct environment weakened.
The market’s confidence in the global economic recovery and the weakening of the US dollar led to the increase in international oil prices and the stabilization of the chemical market.
However, the upstream of epoxy resin is very different.
The two direct raw materials may fall or stabilize.
Weakness.
Among them, epichlorohydrin has fallen sharply, downstream demand is sluggish, the market is weak and weak, and many manufacturers have accumulated inventory to high levels.
They have no choice but to take the initiative to cut prices and act in a low-key manner.
The short-term market is still bearish.
Therefore, the epoxy resin market atmosphere is also weak (slightly, see the full version for details).
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the mainstream quotations of liquid resins on weekends: 15700-16700 yuan/ton in East China, down 300 yuan/ton, and 15700-16800 yuan/ton in South China.
Lower 300 yuan/ton, 15700-17000 yuan/ton, lower 300 yuan/ton in Central China, 15700-16800 yuan/ton, lower 300 yuan/ton in North China, 15700-16800 yuan/ton, lower 300 yuan/ton in Northeast China ; Mainstream quotations of solid resins: Eastern China offer 15500-16,000 yuan/ton, down 300 yuan/ton, and one-step products in Huangshan area offer 14400-15400 yuan/ton, down 200 yuan/ton.

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(Our reporter Ye Hui)

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