Daily review of epichlorohydrin: slight fluctuations

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 2, 2009: The domestic epichlorohydrin market has limited transactions and slight fluctuations.
On the last trading day (July 1), the mainstream transaction price in East China in the mainstream market moved up slightly to 9600-9800 yuan/ton, and the low-end price increased by 100 yuan/ton.
China Epoxy Resin Industry Association (www.
epoxy-e According to the analysis of market experts from .
cn), the market was dominated by the sluggish operation that day.
Trade merchants and their downstream manufacturers had a strong wait-and-see atmosphere and a strong bearish mentality.
The level of focus of the negotiation was small and rebounded, and poor demand dragged down and some merchants mainly waited and watched.
.
The domestic market continues to be deadlocked and the wait-and-see atmosphere is strong.
Low-end negotiation prices are mostly self-raising, high-end delivery is more difficult, and small orders are mainly traded.
At present, production facilities are running smoothly and market resources are still abundant.
The raw material propylene, although crude oil closed up, the domestic refineries rose generally.
The Shandong area offered an offer at RMB 7,600-7,950/ton, and the negotiation was concentrated at RMB 7,600-7650/ton; the downstream liquid chlorine market was unstable, demand continued to be sluggish, and shipments were unsuccessful.
The quotations declined, with the low-end prices of 700-800 yuan/ton and the high-end prices of 900-1000 yuan/ton in Shandong.
The market sentiment was calm throughout the day, and the market was mainly organized.
The downstream demand was still weak, and the market sluggishness was difficult to change.
The raw material propylene supports the market to a certain extent.
Market participants pay more attention to the later operation of manufacturers.
Under the current downturn in demand, the industry has different attitudes towards the market outlook.
The demand level is sluggish and the improvement is still a stumbling block.
Market shipments are not smooth and overall trading is limited.
Merchants and downstream are more pessimistic and wait-and-see the market.
It is expected to operate within a narrow range, and transactions are still difficult to increase in volume.

    On the last trading day (July 1), the domestic epichlorohydrin market consolidated within a narrow range.

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