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[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on June 21, 2010: The domestic epichlorohydrin market is unclear and the center of gravity is down.
On the last trading day (June 18), the mainstream transaction price in East China in the mainstream market barely hovered at 12,500 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market trend on that day was not very clear.
Buyers were more cautious and there were few actual discussions.
The offer was already at RMB 12,500/ton.
The transaction is not easy.
The focus of negotiation is lowered, the focus of the discussion is lowered, the latest trends of the downstream manufacturers, and the bottoming pattern continues to fluctuate.
The price is still in the downward channel.
Increasing and eager to move, downstream end-users are prudent in purchasing according to their needs.
At present, the domestic and foreign markets are severely inverted, and the cost factors are not performing well.
We will closely observe the recovery of downstream demand and narrow the market.
The downstream purchases are mainly on-demand at affordable prices, and the transactions are average.
The external disk was impacted by the plunge in the Chinese market, falling by US$50/ton, referring to the negotiation level of US$1900-2100/ton (CFR China), and lack of interest.
International crude oil opened low and fluctuated, and the price was around 77 US dollars/barrel; the propylene market mentality was supported and stopped falling and rebounded.
The low price prompted some downstream manufacturers to receive the goods.
The Shandong region negotiated a price of 8850-9000 yuan/ton.
The downstream epoxy resin market fluctuates widely, end-users are limited in receiving goods, and the quotations of small factories continue to drop.
The cost support of large factories is temporarily maintained.
It is also affected by the downward impact of the broader market and the center of gravity is dropping.
On the last trading day (June 18), the domestic epichlorohydrin market continued to drop, trading was deserted, weak and fluctuating, and the wait-and-see atmosphere was still strong.
The prices of manufacturers are not yet clear, and the market is expected to gradually become clear.
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Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name
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