SunSirs: The Raw Materials Were Upward, and the Epoxy Resin Market Was High and Firm

Price trend

Since the overall rise of the epoxy resin market supported by raw materials in August, major enterprises had increased their prices for many times under the pressure of cost. As of August 18, the ex factory price of the liquid epoxy resin market in East China was 14,900-15,400 RMB/ton, and the negotiated delivery price of solid epoxy resin market in Huangshan was 14,700-15,200 RMB/ton.

Analysis review

The raw material bisphenol A continued to rise, supported by the dual raw material phenol/acetone, and the mainstream market price of bisphenol A in East China had been negotiated at 12,000-12,100 RMB/ton. In the near future, the international crude oil market supply may continue to be tight, and its downstream product, pure benzene, phenol and bisphenol A, may continue to rise. Overall, they are facing a shortage of circulating resources and are facing replenishment before the National Day holiday. Bisphenol A will continue to be strong in the short term.

The ECH market was sorted horizontally, and the reference price for ECH in the East China market was 8,500 RMB/ton. The latest reference price for raw material propylene was 7,360 RMB/ton, and liquid chlorine had significantly increased compared to last week, the latest reference price was 700 RMB/ton. Fengyi Oil was still in a shutdown state, and the Jiangsu Haixing unit restarted within the week, with an overall industry operating rate of over 60%.

Market outlook

From the perspective of SunSirs, in the short term, the raw materials will continue to operate steadily. In addition, due to the impact of stocking up before the National Day holiday, the high cost transfer of downstream PC and epoxy resin lags behind. With the support of cost side, epoxy resin will continue to rise in the short term.

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