Daily review of epichlorohydrin: Diarrhea is hard to stop

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] October 23, 2008: The domestic epichlorohydrin market is dying hard to stop, and the previous trading day (October 22) mainstream The mainstream transaction price in East China continued to decline to 10,500 yuan/ton and down 500 yuan/ton.
According to analysis by market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market sentiment was as light as before.
Downstream epoxy resin consumption shrinks, raw material procurement continues to decline, and the ring chlorine market is more difficult to move.
Quotations and transactions are still at the low end.
Actual negotiations are limited, the market outlook continues to be bearish, demand shrinks severely, supply circulation is stagnant, and manufacturers maintain Some contracts are mainly in volume, while other shipments are relatively slow.
The downstream industries purchase conservatively and lack replenishment.
Manufacturers offer more than 11,000 yuan/ton, and delays, acceptances, and delivery are generally implemented.
The overall start of construction has fallen sharply.
Among them, Bohui Chemical For full parking, Qilu Petrochemical maintained 80%, Xinyue Chemical only half, Yangnong Chemical maintained 60%, basically for self-use, Anbang Electrochemical and Sandie Chemical also stopped; however, due to the sharp decline in market consumption power, manufacturers’ burdens were mostly forced to fall.
And few results have been seen.
Social inventories are still stuck, users still have high-priced raw materials in the early stage, market fundamentals have not yet stabilized, and this wave of adjustment has little short-term effect; the raw material propylene market has fallen again, and the domestic regional market has fallen all the way, gradually falling below 6000 yuan /Ton mark, after the National Day, the decline reached 4000 yuan/ton, a loss of more than 60% from the peak of the year, which shows that the cost of ring chlorine has fallen and there is still room for price adjustment.

    On the last trading day (October 22), the domestic epichlorohydrin market continued to fall.
Domestic manufacturers’ shipment resistance increased and delayed listing prices were frequently lowered, which intensified the downstream wait-and-see mentality and increased market instability, which further led to a slowdown in consumption.
In turn, the market demand was suppressed.
The quotations were fully consistent with 11,000 yuan/ton, and some were even lower.
There were many hearsays.
The trading atmosphere was weak throughout the day.
The market and manufacturers postponed settlements.
Limited negotiations were very embarrassing.
Buyers, regardless of manufacturers or merchants, generally Reflecting the difficulty of shipment, except for some contract users, the bulk cargo negotiation is very rare.
Due to the delay of the price, the substantive mainstream has not been obvious; the raw material propylene continues to plummet for several days, and the price is lowered by 1,000 yuan/ton to 6,000 yuan/ton.
In a blink of an eye, it has reached RMB 5,700/ton, which is hard to be optimistic.
The price difference with the ring chlorine has been further widened to around RMB 5,000/ton; the main downstream epoxy resin continues to be exhausted, the load is further reduced, and the solid resin operation is less than 40%.
, The market is pessimistic and continues to be bearish on the market outlook.
The weak demand and the sharp drop in external markets are really worrying.
According to market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), among them: the mainstream quotation in East China is 10,500-11,000 yuan/ton, the low-end price is reduced by 500 yuan/ton, and the mainstream transaction price is 10,500 yuan/ton.
Decrease 500 yuan/ton; Huangshan area’s mainstream price is 10,500-11,000 yuan/ton, low-end is down 500 yuan/ton, mainstream transaction price is 10,500 yuan/ton, 500 yuan/ton; mainstream quotation in North China is 10,500-11,000 yuan/ton, The low-end price is reduced by 500 yuan/ton, the mainstream transaction price is 10,500 yuan/ton, and the price is reduced by 500 yuan/ton; the mainstream quotation in South China is 11,000-11,500 yuan/ton, the low-end price is reduced by 500 yuan/ton, and the mainstream transaction price is 11,000 yuan/ton.
500 yuan/ton.

    The epichlorohydrin external disk market is seriously lacking in popularity.
Due to the greater downward pressure on domestic prices and serious internal and external disk upside-down, downstream export-oriented manufacturers have reduced orders and weak import interest.
According to market experts from the China Epoxy Epoxy Industry Association (www.
epoxy-e.
cn), the Asian market is affected by the continued weakness of the main downstream, the sharp decline in the upstream raw material propylene market, and the continuous decline in China's domestic market listings.
Spot valuations continue to decline.
Among them, barrel cargo fell by US$50-60/ton to US$1850-1890/ton (CFR China's main port), and tank cargo fell by US$30/ton to US$1800-1850/ton.
Many downstream manufacturers still have stocks, It needs to be digested, or is more willing to pick up at any time, and carry out cheap spot purchases from China, so the importer talks are very light.
The quotation of barrels in the regional market with 4% anti-dumping duties gradually dropped to below US$1,900/ton (CFR China’s main port), which is still unattractive to downstream; the quotation of tanks and cargoes fell to US$1800-1900/ton (CFR China’s main port) Hong Kong), excluding anti-dumping duties of around 5%, and the downstream counter-offer intention is US$1,800/ton (CFR China's main port).
The continuous decline in China's spot market is one of the factors that have caused the recent rapid decline in foreign markets.
There is a Russian bulk cargo quotation, at 1680~1720 US dollars / ton (CFR China's main port), there is a lack of transactions.
The intermediary said that in view of the spot market conditions, it is difficult to reach cooperation with Chinese users on the price in the near future, and the downstream demand for epoxy resin is weak.
, Which also exacerbated its weak atmosphere.
In fact, the outer disk has been further marginalized, and it has been lack of attention for quite some time, and it is difficult to influence the trend of the inner disk market.

(Our reporter Xue Shi)

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