Daily review of epichlorohydrin: digesting gains

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on August 9, 2010: The domestic epichlorohydrin market digests the increase and finishes at a high level.
On the last trading day (August 6), the mainstream transaction price in the East China region of the mainstream market basically maintained the range of 14,500-14,800 yuan/ton.
According to the analysis of market experts from the China Epoxy Resin Industry Association ( www.
epoxy-e.
cn ), the market’s trading operations on the day were temporarily stable, digesting the increase and high fluctuations.
International crude oil declined within a narrow range for 2 consecutive days, but propylene rose internally and externally.
The trend has not changed, it has been pushed to US$1140/ton (FOB Korea) for several days, and there is no shortage of spot follow-ups.
Liquid chlorine has stopped falling at the low end and rebounded slightly, thereby forming new raw materials to support energy; epichlorohydrin has risen rapidly during the week.
Downstream needs to be digested, focusing on end-user purchases, production and sales by manufacturers, and prices are expected to continue to fluctuate at a high level.
At present, the overall spot resources are still small.
Intermediaries wait and see the market and control the pace of shipments.
Manufacturers offer flattened prices up to 14,500 yuan per ton.
The downstream is cautiously high and moderately replenishes positions.
Actual negotiations are maintained, and the low-end is mostly factory contract users; Tianjin Chemical The 33,000-ton/year plant was shut down for 3 weeks for maintenance.
The Xinyue chemical plant has also been temporarily shut down.
In addition to the performance of some of the export contracts in the previous period, the plants have no production and sales pressure for the time being, and the short-term market is obvious.
Intermediate businesses mainly follow up speculation.
The cost of downstream epoxy resins has been promoted and has continued to increase.
Some wait and see the market, and the closing is not high.
Although frequent follow-ups and actual discussions are mostly "vacuum", the smooth transfer of costs seems to be worrying.
Epichlorohydrin has risen rapidly this week.
It will take time for merchants to follow up and “digest” downstream, and the market needs substantial support.

On the trading day (August 6th), the domestic market price of epichlorohydrin continued, and the supply was tight.

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Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name
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