Daily review of epichlorohydrin: weak transaction

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on June 29, 2009: The domestic epichlorohydrin market continues to be sorted out and transactions are weak.
On the last trading day (June 25), the mainstream transaction price in East China in the mainstream market remained at the range of 9,500-9,800 yuan/ton for the time being.
The market experts of the China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that, The fundamentals of the market did not change much that day, the atmosphere was relatively calm, there was a lack of actual negotiations, the limited transaction price remained in the range, and the low-end was mostly self-raising or pre-contracts.
Merchants continue to report high and low reports.
The raw material propylene market resources are slightly tight and continue to rise slightly.
The Shandong market has a positive trading atmosphere.
The transaction level is 7350-7500 yuan/ton, and the price is raised by 150 yuan/ton; the liquid chlorine market continues to consolidate within a narrow range and the transaction scale is not good.
Shandong area The negotiation level is 800-900 yuan/ton.
The domestic market sentiment was sluggish and fatigued throughout the day.
The price quotations were mainly sorted out slightly.
The mainstream quotations also showed signs of downward trend, and a small number of low-end deals were concluded.
Downstream demand is still weak and some manufacturers have high inventories.
Market participants are confident in the market outlook.
Insufficient and light transactions.
Domestic manufacturers generally have ample supply despite not operating at a high level, but the overall downstream demand is sluggish, the digestion of pre-stocks is the focus, market support is limited, short-term consolidation is the focus, and the market is likely to weaken slightly.
At present, the international crude oil is fluctuating and the propylene market is falling.
Epichlorohydrin merchants are mainly waiting and watching.
Even a little while ago, there was still an intention to raise quotations, but the demand was sluggish.
Downstream manufacturers were bearish, and the market continued to fluctuate within a narrow range.

    On the last trading day (June 25), the domestic epichlorohydrin market consolidated within a narrow range.

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