SunSirs: The Epoxy Resin Market Is Generally Stable with Small Fluctuations

After the epoxy resin market ended its rise and then fell back, the market gradually stabilized. After the holiday, the epoxy resin was operating smoothly. The East China liquid epoxy resin was negotiated at 20,500-21,500 RMB/ton, of which the mainstream of solid resin was around 17,200 RMB/ton. Compared with the previous period, the orders of the current factories are obviously insufficient. Large companies mostly implement a single discussion and negotiation, and a few companies have increased the pressure on sales. Coupled with the lack of upstream raw material support, epoxy resin is advancing steadily and weakly in the short term.

In terms of equipment, Nantong Xingchen's 160,000-ton liquid epoxy resin plant is shut down for maintenance; Huangshan Jinfeng's 15,000-ton solid epoxy resin plant is shut down for technical renovation. Guodu Chemical's epoxy resin plant is in a shutdown state, and is selling the inventory mainly.

The ups and downs of the raw material bisphenol A are most closely related to epoxy resin. The current bisphenol A has ended its historical high-light moment of 20,000 RMB/ton and swooped down. After the holiday, the market has gradually stopped falling and has a narrow correction. At present, the factory intends to push up the market, but at present they have not announced obvious guidance prices. The market offers mostly at 12,800-13,000 RMB/ton, which is relatively stable on the whole. The market for epichlorohydrin, another important raw material, maintained a steady trend, with little change after the holiday. The current closing of epichlorohydrin is 12,200-12,500 RMB/ton.

At present, the price of raw material bisphenol A in downstream resin factories is about 14,000-16,000 RMB/ton, while the price of epichlorohydrin is 11,500-12,200 RMB/ton. From this point of view, the current liquid resin profit value is low and it has entered a bottoming state. As the weather turns cold and the Spring Festival is approaching, logistics may be suspended. SunSirs predicts that the short-term epoxy resin will maintain a stable trend, and the raw material will have limited support. However, there may be a wave of centralized procurement before the Spring Festival, but there are many bearish expectations for the downstream market. The short-term liquid epoxy resin will maintain 20,500-21,500 RMB/ton.

If you have any questions, please feel free to contact SunSirs with suooort@sunsirs.com.