Supported by the recovery of raw material bisphenol A, the downstream epoxy resin rose slightly. According to the monitoring of the business community, the reference offer range of liquid epoxy resin in East China was 20500-21000 yuan/ton on October 8, 17700-18300 yuan/ton on October 21, 18200-18300 yuan/ton on October 24, and the solid epoxy resin market in Huangshan has not changed much at 17000-17400 yuan/ton.
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In three working days, raw material bisphenol A corrected 650 yuan/ton, up 4.8%. Since October, the raw material bisphenol A market has fallen sharply, and under the cost pressure, bisphenol A has gradually approached the cost line, prompting other downstream companies to just need replenishment. The market discussion atmosphere has slightly warmed up, and the low level of bisphenol A has weakened and then tentatively pushed up. Business agency data showed that the market had a tentative callback after bottoming out on the 19th and sorting out on the 20th, and the holders pushed up their offer. Although the market supply is uneven, it is difficult to find low price goods, On Thursday, as the mentality of production enterprises became better after several rounds of bidding, the atmosphere of price fixing became stronger and the market price rose. On the 19th, the market offer of bisphenol A was 12900 yuan/ton, and on the 24th, the market offer rose to 13550 yuan/ton.
The epoxy chloropropane market is weak and sluggish, which is bad for the downstream epoxy resin and inhibits the overall growth of epoxy resin. Some units in Hebei, Shandong and Zhejiang are in shutdown state, but the demand side is not good. The downstream procurement intention is not high, so we should wait and see. Only small orders need to be replenished. The delivery of goods is not smooth, and the market supply is sufficient. As of October 24, the average quoted price of epichlorohydrin enterprises was 10300.00 yuan/ton, down 5% within the week.
The rising trend of raw material bisphenol A continues unabated. As the auction price goes higher, the sellers are positive, but many new orders are high and the price of epoxy resin is low. The price of downstream epoxy resin is limited. The liquid resin market in East China is discussed at 18200-18500 yuan/ton, and the solid epoxy resin market in Huangshan is discussed at 17200-17600 yuan/ton. At present, raw material bisphenol A is expected to continue to increase slightly, but the other raw material, epichlorohydrin, is still in a downturn and has limited cost support, The epoxy resin market is expected to rise steadily but with limited growth.
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