Price trend

In early November, the domestic epoxy resin market weakly declined.

Analysis review

The cost support for epoxy resin weakened, and downstream demand had decreased with the colder weather, especially in the wind power sector. The supply of epoxy resin was ample, and traders generally held a bearish view on the market outlook. Epoxy resin manufacturers were gradually lowering their new order quotations in line with cost values. The raw material bisphenol A market was also affected by the supply chain, with the market continuing to decline. However, given that bisphenol A prices were already low and losseswere significant, the decline was limited. Downstream ECH demand had not provided significant support, and the market continued its downward trend.

Market outlook

SunSirs predicts that epoxy resin prices will mainly remain low, and continued attention should be paid to fluctuations in downstream demand and costs.

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