Price trend

The epoxy resin market continued to be depressed, the raw material bisphenol A continued to decline, the ECH continues to be depressed, and the dual raw materials were difficult to have support for epoxy resin. On the 25th, the mainstream negotiation price of epoxy resin in East China was 13,600-13,900 RMB/ton, and the negotiation price of Mount Huangshan solid epoxy resin market was 13,400-13,800 RMB/ton.

Analysis review

The market atmosphere for raw material bisphenol A was light. Due to sluggish downstream demand and the continued weakness of the dual raw material phenol/acetone, there were few on-site inquiries for bisphenol A, and mainly declined. As of the 25th, the mainstream negotiated prices in East China were between 9,550-9,650 RMB/ton, and sporadic low prices had also been heard. Market transactions were mostly small orders.

The raw material ECH continued to be in a weak adjustment state, and more bearish atmosphere was in the market. Due to the difficult situation of weak demand, manufacturers were under great pressure to ship, and most of them had the intention to sell at a discount, resulting in a decrease in the price of new orders. On the 25th, Shandong's mainstream negotiation price was 8,100-8,200 RMB/ton.

Market outlook

The market atmosphere for epoxy resin was light recently, with downstream purchasing maintaining small orders on demand. Manufacturers were still under pressure to ship, while dual raw materials were difficult to have support, and the industrial chain was also showing a downward trend. It is expected that the market will be mainly bearish in the short term, with a narrow adjustment in epoxy resin. Continuously monitor the trend of upstream raw materials and upstream products in the industrial chain.

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