The hottest supply is tight, the demand increases,

Tight supply, increased demand, and the price of epoxy resin increased significantly

tight supply, increased demand, and the price of epoxy resin increased significantly

January 18, 2021

I. market status

due to tight supply, the epoxy resin market rose sharply last week, and the cost support of dual raw materials changed little. See the following for the specific market:

data source: cera/acmi

II Market overview

bisphenol a:

data source: cera/acmi

price: domestic bisphenol a rose slightly last week. As of January 15, the reference price of bisphenol A in East China was around 1320 yuan/ton

during the week, the bisphenol a market remained strong, and the upstream phenol ketone showed a volatile trend, with little overall fluctuation and limited cost impact. During the week, the inventory of bisphenol a factory was low, the on-site spot supply was tight, the on-site low price was difficult to find, and the prices of downstream resins, PCs, etc. rose. Although the high price of bisphenol A was repelled, the just needed transaction still provided some support, the mentality of the cargo holders was strong, and the focus of the negotiation was fluctuating paint

one week price change of bisphenol A (yuan/ton)

region

January 8

January 15

rise and fall

East China

+200

Huangshan region

+100

North China

+100

plant conditions: the start-up of domestic bisphenol a plant increased last week. During the week, Sinopec Mitsubishi 180000 ton plant resumed operation this week, and Nantong Xingchen 150000 ton plant resumed normal operation

epichlorohydrin:

data source: cera/acmi

price: the domestic epichlorohydrin market fell weakly last week. As of January 15, the epichlorohydrin price in East China market was around 11000 yuan/ton

at the beginning of the week, most of the sales were interested in making profits. With the decline of Haixing's price during the week, other factories took the initiative to offer lower prices in a completely reversible process. The focus of market discussion is down. Most operators hold a wait-and-see attitude, and the atmosphere of on-site negotiation is light

weekly price change of epichlorohydrin (yuan/ton)

regions

January 8

cannot fluctuate back and forth too much

rise and fall on January 15

East China, Huangshan

- 350

North China, Shandong 11200

- 400

device conditions: epichlorohydrin load during the week is low, Ningbo during the week.The ocean device is restarted, and the load is low; Anbang electrochemical device is restarted; The load of Jiangsu Yangnong, Hebei Jiaao and Shandong Binhua plants is low

epoxy resin:

data source: cera/acmi

price: domestic epoxy resin was mainly pushed up last week. As of January 15, the negotiated price of East China liquid resin was around 24000 yuan/ton (barrel delivery); The negotiated price of solid epoxy resin is around 17900 yuan/ton (delivered by acceptance)

at present, the price change of dual raw materials has limited impact on the market, and the market is mainly affected by supply and demand. Extreme cold weather, equipment failure, epidemic and other factors have led to the reduction of factory operating rate and tight supply; Downstream industries such as electronic and electrical coatings have increased demand for epoxy resin, and factory shipments are pressureless. And the market has fallen to near the breakeven point, and the epoxy resin market has risen sharply under the double positive supply and demand

device: Huangshan Jinfeng 15000 ton solid epoxy resin device resumed operation

III. price reference last week

the prices of domestic E-51 and E-12 epoxy resins last week are as follows for reference only

reference price of domestic E-51 liquid resin (yuan/ton)

manufacturer

reference price

device

remarks

Kunshan South Asia

24500

80% load

order oriented

Yangnong Jinhu

24500

50% load

order oriented

Changchun chemical industry

24000 normal operation

negotiate Nantong Xingchen

23500

smooth operation 2. Measurement range of experimental force: 2% 100% FS; Line

order oriented Jinan Tianmao

23000

normal operation a single discussion

Baling Petrochemical

22800 normal operation real order negotiation Jiangsu Sanmu

23500

stable operation order oriented Zhuhai Hongchang

23000 load 80%

order oriented

domestic E-12 solid resin reference price (yuan/ton)

manufacturer

reference price

device

remarks

Baling Petrochemical

no quotation for the time being

real order negotiation for normal operation

Huangshan Hengyuan

no quotation for the time being

normal operation

real order negotiation for Huangshan Yuanrun

no quotation for the time being. Real order negotiation for normal operation of Huangshan Fifth Ring Road

18000

50% load

single talk about Huangshan Hengtai

18500

80% load

real talk about Huangshan Hengliang

18500

80% of the load

actual order negotiation Huangshan Jinfeng

no quotation for the time being

resume operation

actual order negotiation Huangshan Tianma

no quotation for the time being

lower load

actual order negotiation

- the above quotation is for reference only and is not used as a basis for transaction. The specific quotation shall be subject to the real-time quotation of the enterprise. -