Daily review of epichlorohydrin: low atmosphere

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on June 4, 2010: The domestic epichlorohydrin market has a weak atmosphere and is still adjusted downwards.
On the last trading day (June 3), the mainstream transaction price in the mainstream market in East China began to form a range of 14,400 to 14,700 yuan/ton, and was reduced by 300 yuan/ton.
According to analysis by market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market sentiment was sluggish and all parties waited and watched.
Sellers entered the market cautiously and hit the resistance level of 14,500 yuan/ton.
There were very few actual discussions and buyers generally expected Lower.
During the week, the spot market fluctuated and declined.
The main downstream epoxy resin manufacturers often reduced production and negative sales, and the overall transaction was not smooth; the main manufacturers postponed and cut prices, but the contradiction between supply and demand, the bearish atmosphere was pervaded, and the market weakness continued.
The upstream propylene market is stable overall, and local low-end supplementary increases.
The negotiated price in Shandong area is 9250-9300 yuan/ton, and the external buying intention is US$1,100/ton; the liquid chlorine market is stable and slightly weak, and the trading situation is average, and the high-end in Shandong slightly drops.
The transaction price is 1500-1700 yuan/ton.
At present, the downstream of epichlorohydrin is intensifying wait-and-see.
Although the market is frequently falling, there is no obvious short-term market demand.
The market trading atmosphere is sluggish throughout the day.
Domestic veteran manufacturers-Qilu Petrochemical and Tianjin Chemical are listed at 15,000 yuan / ton.
Factory wait and see helpless, market merchants frequently see low prices, and it is also heard that they have raised lower prices.
Frequent adjustments of raw materials and weak downstream demand, especially in the main downstream epoxy resin sector, have seen more production suspensions or production cuts.
The resistance to high-priced raw materials has increased and the market is gradually clear.

    On the last trading day (June 3), the domestic market price of epichlorohydrin dropped slightly, and trading was blocked.

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