Chemical products market strong operation unsaturated resin market has little impact

Recently, the overall chemical market has maintained a strong posture, styrene, glycol market continues to maintain low supply and demand, prices continue to rise; Ethylene glycol due to the market for the futures draft of the speculation, the market center of gravity rose sharply, constantly refreshing the year's highs. Statistics show that as of December 9, styrene rose 600 yuan / ton, glycol rose by 770 yuan / ton, glycol rose by 460 yuan / ton. However, this sharp increase in the cost side, the unsaturated resin market has little impact.
On the one hand, during the raw materials industry's surge in November, the unsaturated resin market rose too fast and by a large margin, which has left downstream glass and steel mills and artificial stone mills in a loss-making position, and their prices cannot rise in tandescing with the increase in resin prices. Downstream real single follow-up slow, the upfront cost increase has not yet been digested, short-term prices difficult to follow the raw materials market continue to rise., on the other hand, the market entered the traditional off-season, the overall exchange atmosphere weakened. Coupled with environmental inspection continues, downstream glass and steel plant construction is limited, the overall start in about 30%. For high-priced resins, downstream resistance is strong. According to Zhongyu information understand that at present, many resin factory orders significantly reduced, the previous orders are also completed delivery, sales situation is light. And at present unsaturated resin manufacturers for high-priced raw materials purchase intention is weak, mainly digested raw materials inventory-based, cost pressure can still be digested, the price temporarily stable., the UPR plant is in a dilemma, sandwiched between high raw material prices and weak downstream market demand. And in December, for most resin companies, the priority is not sales, but to withdraw funds. Therefore, Zhongyu expects that in the short term, no matter how volatile the raw material market, the resin market as a whole will remain at the current price level, waiting for the market trend to further clear.
。