Daily review of epichlorohydrin: light trading

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on April 24, 2009: The domestic epichlorohydrin market is pessimistic and tidy, the trading day (April 23) ) The mainstream transaction price in East China in the mainstream market continues to maintain the platform of 11,500 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market sentiment was still weak and the wait-and-see attitude was still strong on that day.
It was also heard that the negotiated price was slightly lower.
The downstream digested the pre-stock mainly and was more cautious in obtaining the goods.
The market is sluggish, and the market is temporarily tidying up; the manufacturers' quotes continue to be strong at 13,500 yuan/ton, mostly due to early stock hoarding and market outlook concerns, profit-taking and speculative activities appearing.
In terms of the operation of production facilities: Bohui Chemical’s first set of 80,000 tons/year plant will be shut down for maintenance, which is expected to last for January; Tianjin Chemical’s 33,000 tons/year plant will continue to be debugged, and the product output is expected to be in the near future.
Zhonghai Jinghua 40,000 tons/year The annual installation load is limited, and Qilu Petrochemical's 32,000-ton/year installation plans to start up in mid-May.
The raw material propylene market oscillates, the price in Shandong is 7800-8000 yuan/ton, the port resources continue to arrive, the market purchase enthusiasm is not high, and many worry about the market outlook; affected by the rapid decline in domestic polypropylene prices, the Asian propylene market prices fell to 900 USD/ton or below CFR.
Another raw material, liquid chlorine, continues to be sluggish.
The negotiated price in Shandong is 1100-1300 yuan/ton, and the overall transaction scale is quite limited.
Since the Spring Festival, the epichlorohydrin market has risen by more than 4,000 yuan/ton.
The downstream epoxy resin has risen with the trend and the increase is limited, mainly due to poor end-user demand.

    On the last trading day (April 23), the domestic epichlorohydrin market was consolidating within a narrow range, the delivery speed was slightly slowed, the wait-and-see atmosphere was strong, the wait-and-see atmosphere was strong, and the overall transaction was limited.

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