Daily Review of Epichlorohydrin: Weakly Stable and Bearish

[China Epoxy Network (China Epoxy Industry Online)News on December 1, 2011: The domestic epichlorohydrin market is weak and stable, and still bearish.
On the last trading day (November 30, 2011), the mainstream transaction price in the East China region of the mainstream market was temporarily maintained in the range of 12,500 to 12,600 yuan/ton.
According to the analysis of market experts from China Epoxy Network (China Epoxy Industry Online)the spot market on that day is intertwined with long and short factors and a strong wait-and-see atmosphere.
The speculation of related products is boosted, and the downstream trial inquiries are slightly present.
, Intermediate merchants offer slightly higher offers, low-price supply is limited, mainstream manufacturers settle at the end of the month, downstream raw material inventories are not lacking, purchases are weak, and transactions are slow.
It is expected that the spot range will be consolidated and high resistance will still exist.
The external market for epichlorohydrin has fallen, the Asian region is reduced by US$50/ton, CFR China is US$1750-1900/ton, and the raw material propylene FOB in South Korea has fallen by US$10/ton and closed at US$1225-1227/ton.
The cost bearish is obvious and the focus of discussion is Downstream, downstream operations declined and demand continued to shrink.
Some tanks were offered at US$1850-1900/ton CFR, and the buyer's counter-offer intention was lower than US$1850/ton, and the ocean-going offer was slightly lower.
Domestic epichlorohydrin market regional quotations: mainstream quotations in East China are 12500-12700 yuan/ton, mainstream transaction prices are 12500-12600 yuan/ton; mainstream quotations in Huangshan area are 12800-13000 yuan/ton, mainstream transaction prices are 12700-12800 yuan/ton ; The mainstream quotation in North China is 12,400 yuan/ton, the mainstream transaction price is 12,000-12100 yuan/ton, down by 200 yuan/ton; the mainstream quotation in South China is 13,000-13200 yuan/ton, and the mainstream transaction price is 13,000-13100 yuan/ton.

On the trading day (November 30, 2011), the epichlorohydrin raw materials were mainly sorted out.