Daily review of epichlorohydrin: start-up growth

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] July 14, 2010: The domestic epichlorohydrin market has started to grow, and the market is still stable.
On the last trading day (July 13), the mainstream transaction price in the East China region of the mainstream market can still maintain the range of 12,500 to 12,600 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market’s trading atmosphere on the day was dull, with downstream inventory consumption and cautious procurement, the quotation level has been lowered, and the actual negotiation range is still in place, but the market’s focus is on Towards the low end, the wait-and-see attitude is getting stronger and the volume is slow; the market is still going sideways.
With the increase in the overall operating load of manufacturers and the increase in market supply, downstream users are more cautious about the market outlook.
Propylene, the raw material, opened higher and lowered with crude oil, but was driven by the rise of downstream pp powder, and the price rose slightly by 100 yuan/ton to 8,400 yuan/ton.
Short-term attention was paid to oil prices and demand recovery; the liquid chlorine market had mixed and partial attitudes As a result, the price in Shandong quickly pulled to 900-1100 yuan/ton.
Due to the repeated record highs of raw material bisphenol A, the atmosphere of downstream epoxy resin has improved.
Among them, the cost of solid resin is supported, and the price has risen by 200-300 yuan/ton; the demand for liquid resin is not good and it is arranged sideways, but the low market price is gradually disappear.
At present, the start-up of epoxy resin is purely cost-driven, and further attention is paid to the terminal demand.
At present, demand continues to be weak and high-end shipments are not easy.
Mainstream manufacturers' quotations have been stable, and overall operations have resumed one after another.
Both raw materials have stopped falling and heating up in the short term.
Traders have unstable mentalities and weak trading atmosphere.
It is expected that market prices will be consolidated.

    On the last trading day (July 13), the domestic epichlorohydrin market remained flat, with little fluctuation, and the overall domestic construction load increased.
Downstream on-demand procurement and close attention to manufacturers’ production, sales and shipments, the negotiation range remained at high levels.
For small orders, related products, bisphenol A, have intensified, and the downstream is waiting to see, and the overall market is actively inquiring.
Last week, the domestic market stabilized after a slight weakness.
After the middle of the week, international crude oil rebounded.
Some domestic propylene manufacturers rose slightly.
Liquid chlorine also used production cuts as a policy to insure the price.
There is limited room for the cost of epichlorohydrin to fall.
Some domestic manufacturers have been unstable in the early stage and whether they can recover smoothly within the week.
The price policies and production and sales of major manufacturers are still the main reference factors in the industry.
The spot market continues to fluctuate within a narrow range.
At present, both raw materials have stopped falling and heating up: crude oil has continued to rise, and downstream polypropylene has also followed the rise.
Domestic propylene prices have risen by 100 yuan.
Continue to wait and see crude oil and manufacturers will mainly push up; liquid chlorine prices have stopped falling and rising at the same time, and supply and demand are relatively unbalanced.
The raw materials both stopped falling and warmed up, which was positive to a certain extent.
The market situation continued for three weeks and narrowed down.
The downstream demand was tepid, and the supply and demand were relatively balanced.
According to the market experts of China Epoxy-e.
cn, the mainstream quotation in East China is 12,500-13,000 yuan/ton, the mainstream transaction price is 12,500-12600 yuan/ton; the mainstream quotation in Huangshan region is 12,500～ 13,000 yuan/ton, the mainstream transaction price is 12,500 yuan/ton; the mainstream quotation in North China is 12,500-13,000 yuan/ton, the mainstream transaction price is 12,300-12,500 yuan/ton; the mainstream quotation in South China is 13,000-13500 yuan/ton, and the mainstream transaction price is 13,000～ 13,100 yuan/ton.

    Domestic epichlorohydrin manufacturers have maintained stable operations, some have lowered their quotations, and some devices have been operating unstable, and there is no shipping pressure for the time being.
According to market experts from China Epoxy Industry Association (www.
epoxy-e.
cn), Bohui Chemical’s ex-factory quotation is 25,000 yuan/ton (including freight), 500 yuan/ton is lowered, the contract is the main one, and the shipment is normal.
One set of 8+8+80,000 ton/year plant will be shut down for a short time and is scheduled to restart soon.
The fourth set of 80,000 ton/year plant is scheduled to be completed in August; Tianjin Chemical’s ex-factory price is 12,500 yuan/ton (including freight), and shipments are normal , Contract supply is the main focus, 28+33,000 tons/year equipment is operating normally and the load is 80%; Xinyue Chemical’s ex-factory price is 12,500 yuan/ton (including freight), 40,000 tons/year is maintained and the load is 80%; Qilu Petrochemical’s ex-factory price 12500 yuan/ton (including freight), contract supply is the mainstay, delivery is smooth, 32,000 tons/year installation load is 50%, and operation is stable; Yangnong Chemical’s ex-factory price is 13,000 yuan/ton (including freight), mostly for self-use, but a small amount As soon as they go to the market, the load of the 3+30,000 tons/year installation is gradually restored; Zhonghai Jinghua will seal the disk, the pre-factory price is 16500 yuan/ton (including freight), the 40,000 tons/year device is operating normally, and the load is 80%; Huaxiang chlor-alkali seals, The initial ex-factory price is 16,600 yuan/ton (including freight), 35,000 tons/year, the device is operating normally, 50% is started, sales are general, and the inventory is insufficient; Baling Petrochemical closed the disk, and the initial ex-factory price is 17,500 yuan/ton (including freight), for personal use Mainly, a small amount of external supply, 32,000 tons / year equipment is operating at full capacity; Anbang electrochemical sealing, the pre-factory price of 6,500 yuan / ton (including freight), 25,000 tons / year equipment continues to stop, and the restart time is unknown.

(Our reporter Ruo Hua)

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