Price trend

In October, the domestic epoxy resin market was affected by the decline of dual raw materials, and the market continued to decline. On September 30, the reference quotation range of East China liquid epoxy resin was 20,500-21,000 RMB/ton. As of October 21, the quotation range of East China liquid epoxy resin market was 18,000-18,500 RMB/ton. On September 30, the offer range of solid epoxy resin market in Huangshan area was 19,000-19,500 RMB/ton. On October 21, the market price of solid epoxy resin in Huangshan area fell to 17,000-17,500 RMB/ton. By the end of the 21st day, epoxy resin in all major mainstream markets had dropped by 2000-2500 RMB/ton, a large drop.

Analysis review

The raw material bisphenol A market declined significantly in October, lacking support for the downstream. At the end of September, with the decline of demand, the market for bisphenol A fell, and after the festival, it entered a sharp decline trend. The bisphenol A market fell sharply due to the overall decline of the industrial chain and the negative effects of supply and demand, as well as the continuous decline of auction and other negative effects. In only ten working days, bisphenol A had given back all its gains in September. As of October 18, the mainstream offer of bisphenol A market was 12,800-13,200 RMB/ton. After two days of bottoming, the market rebounded slightly by 200-300 RMB/ton. On October 21, the market negotiated price was about 13,300 RMB/ton.

The ECH market fell sharply. After the festival, the raw material propylene was weak and declined. The cost of propylene method had little impact. The cost pressure of glycerin method remained. The factory was active in shipping, but the downstream mainly consumed the raw materials in stock. The rigid downstream replenished goods with small orders at low prices. The enthusiasm of inquiry was not high, the shipment of the cargo holders was not smooth, the mentality of the operators was under pressure, the market atmosphere was light, and the focus of the ECH market negotiation was down. As of October 21, the ECH market fell to 10,500 RMB/ton, with a cumulative decline of 850 RMB/ton, or 7.3%. The shipment of the carrier was under pressure, and the market mentality was insufficient. It is estimated that the ECH market will tend to be weak in the short term.

Market outlook

The contradiction between supply and demand of epoxy resin was still sharp, and the market atmosphere was relatively cold. The resin manufacturers' shipments continued to be under pressure, mostly following the price reduction of raw materials. SunSirs expects that the market will be stable after a period of decline, and with the small rebound of bisphenol A market, it is difficult to find the low offer of liquid resin market in East China, and the epoxy resin market will be mainly stable in the short term.

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