SunSirs: In August, the Domestic Epoxy Resin Market Continues to Stabilize and Rise Slightly
August 04 2025 09:28:04 unSirs (John)
Price trend
July is traditionally a low-season for demand, and some downstream companies saw a slight decline in production due to high temperatures. Overall, market activity remained subdued, with purchases primarily focused on just-in-time needs. However, strong demand from the downstream wind power industry provided support for epoxy resin prices. While epoxy resin prices rose slightly in the second half of the month, downstream investors showed little appetite for price increases, and actual demand remained insufficient, leading to generally stable quotes from companies.
Analysis review
On the supply side, Qingdao Haiwan's 150,000 ton/year plant began trial production in the second half of the month, but operating rates remained low. Nantong Xingchen's plant underwent maintenance, leading to sporadic plant shutdowns or reduced capacity. Statistics showed that the average operating rate for the liquid epoxy resin industry was around 60% during the month. Spot supply remained relatively ample, but the market supply and demand dynamics remained weak.
Due to relatively ample supply and insufficient demand, the bisphenol A market continued to decline, and it is unlikely to see any positive support in August. With increased supply of epichlorohydrin, some companies were offering discounts, leading to a decline in market quotations and weakening the cost support for epoxy resin.
Future outlook:
SunSirs predicts a slight upward trend in the epoxy resin market. Supply is expected to decline somewhat, with equipment planned for maintenance at companies like Baling Petrochemical, Changchun Panjin, and Anhui Hengxing in August. Demand remains relatively unchanged compared to July. Overall, spot supply is expected to remain relatively ample in August, with manufacturers flexibly adjusting sales based on their order and inventory levels. Some companies, supported by wind power orders, may see prices remain relatively firm, while other companies may see price movements follow suit and remain relatively sluggish. Epoxy resin prices are expected to rise slightly in August, with an expected range of 13,400-14,500 RMB/ton.
If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
