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    Home > Coatings News > Resin News > Daily review of epichlorohydrin: narrowing down again

    Daily review of epichlorohydrin: narrowing down again

    • Last Update: 2021-04-26
    • Source: Internet
    • Author: User
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    [China Epoxy Network (China Epoxy Industry Online) www.
    epoxy-e.
    cn] News on November 5, 2008: The domestic epichlorohydrin market has narrowed and moved downward again, and the trading day (November 4) ) The mainstream transaction price in East China in the mainstream market continued to fall to 8,500 yuan/ton, and the high-end price dropped by 500 yuan/ton.
    The market experts of China Epoxy Industry Association (www.
    epoxy-e.
    cn) analyzed that the market surfaced stalemate and substantially declined on that day.
    The listed prices of manufacturers continued to be stable at 9,000 yuan/ton (extended) due to weak downstream demand.
    , The cost of raw materials is still at a low level, so buyers have few purchase intentions, the level of negotiation has narrowed to the low end, the transaction situation is flat, the downstream start-ups remain low, and the market outlook remains low; domestic manufacturers have slightly increased their operating load, including 1 set of Bohui Chemical The 80,000 tons/year plant resumed low-load operation, and the operation load of Tianjin Chemical's 28,000 tons/year plant gradually increased, and the overall operating rate was already around 30%.
    The decline of raw material prices has slowed down.
    Among them, the mainstream propylene market in Shandong area, the mainstream price is 4400-5000 yuan/ton, the mainstream transaction price is 4200-4400 yuan/ton, far away from the first-line platform of 5000 yuan/ton; while the external market is only 300-310 USD/ton (FOB Korea), a record low in 7 years, and the price of glycerin is also at a low level.
    From a cost perspective, raw material prices remain low regardless of the propylene process or the glycerin process, and the ring chlorine manufacturers still have a lot of profit margins.
    Although the start-up is still low, the demand is difficult to change.
    Therefore, the market still has a strong bearish atmosphere.

    On the last trading day (November 4), the domestic epichlorohydrin market remained stable and declined.
    Manufacturers’ quotations continued to be weak and stable, and the listing extension policy remained weak.
    The resistance level of 9,000 yuan/ton was weak.
    Downstream production halts and production reductions were common.
    The consumption of social inventory resources was slow.
    Spot negotiated prices fell, both at the level of 8,000 yuan/ton; the petrochemical environment seems to be slowing down: Black October was "cut in half" and fell below a new low in several years.
    The international crude oil market fluctuated repeatedly, and the subsequent US$50-60/barrel The volatility may be large.
    After the sharp drop, there will be a consolidation buffer.
    The raw material propylene is declining all the way and the potential is greatly tapped.
    The probability of a further plunge in the market outlook is reduced, which also determines the weak operation of the market outlook; the October epichlorohydrin settlement is postponed.
    The future troubles are still eliminated.
    The demand for epoxy resins in the main downstream areas is further difficult to increase.
    With the traditional off-season in winter, the road to recovery is still not small, and most of the industry is lack of confidence-after all, only 30% of the work is currently underway.
    According to market experts from the China Epoxy Industry Association (www.
    epoxy-e.
    cn), the mainstream quotation in East China is 9,000 yuan/ton, the mainstream transaction price is 8,500 yuan/ton, and the price is reduced by 500 yuan/ton; the mainstream newspaper in Huangshan 9,000 yuan/ton, the mainstream transaction price is 8,500 yuan/ton, down 500 yuan/ton; the mainstream quotation in North China is 9,000 yuan/ton, the mainstream transaction price is 8,500 yuan/ton, and the price is down 500 yuan/ton; the mainstream quotation in South China is 9,500 yuan/ton , The mainstream transaction price is 9,000 yuan/ton, down 500 yuan/ton.

    Some domestic manufacturers restarted and continued their listing policy.
    The resistance level of 9,000 yuan/ton has been lost, and 8,000 yuan/ton is guaranteed.
    The severe test still exists, but the sharp decline phase may end.
    The market outlook is expected to slow down.
    After all, There is still room for cost, and many manufacturers are mentally prepared, and some news of restructuring is reported.
    According to market experts from China Epoxy Epoxy Industry Association (www.
    epoxy-e.
    cn): Bohui Chemical’s ex-factory price is 9,000 yuan/ton (including freight).
    The operation strategy of the plant is to drive in turn, and one set of 80,000 tons/year is restarted.
    , Low-load operation, and the remaining two sets of 80+80,000 tons/year equipment shutdown cycle; Tianjin Chemical’s ex-factory price is 9,000 yuan/ton (including freight), the operation load of the 28,000 tons/year device is gradually increasing, and the 33,000 tons/year device 9 It is still under parking on 15th; Xinyue Chemical’s ex-factory price is 9,000 yuan/ton (including freight), and the operation load of the 3+30,000 tons/year device is relatively low; Yangnong Chemical’s ex-factory price is 11,000 yuan/ton (including freight), Mainly for self-use, few shipments, low load operation of 3+30,000 tons/year device; Qilu Petrochemical’s ex-factory price is 9,000 yuan/ton (including freight), 32,000 tons/year device operating load is average; Baling Petrochemical’s closing, The initial ex-factory price is 11,000 yuan/ton (including freight), and the 32,000-ton/year installation is temporarily shut down and the restart time is unknown.
    It is mainly for self-use and insufficient export; Anbang electrochemical closure, the initial ex-factory price of 11,500 yuan/ton (including freight), The 20,000-ton/year device is operating at low load; Sandie Chemical lacks quotations, and the 25,000-ton/year device restarts and runs at low load, and the product is supplied to affiliated companies; the 40,000-ton/year device of Zhonghai Fine Chemical is about to be completed, and it is scheduled to be commissioned in October , At present, it seems difficult to make a trip in November.

    (Our reporter Liang Xi)

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