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Home > News > Paint & Coating News > Analysis and Outlook of the Domestic Chemical Market

Analysis and Outlook of the Domestic Chemical Market

ECHEMI 2023-11-06

In recent weeks, the domestic chemical market has experienced various shifts in trends. Firstly, there has been a downward trend in the bisphenol A market. Insufficient end-user demand and a weakening trend in the price of raw material benzene have led to increased caution among phenol producers. With slow follow-up from key downstream industries and a lack of demand support, the trading activity in the bisphenol A market has been light. It is expected that the bisphenol A market will continue to experience narrow fluctuations, with a focus on the volatility of supply and demand fundamentals.


Secondly, the acetone market has continued its downward trend. The availability of spot resources has increased, and with end-user factories mainly digesting existing contracts, there has been limited active replenishment from buyers. As a result, traders have adjusted prices downward, which has intensified market cautiousness and limited actual trading.


Furthermore, there has been a weak upward trend in the epichlorohydrin market. Although production companies have maintained firm quotations due to a lack of spot pressure, downstream buyers have been cautious in their small-scale purchases, leading to limited actual trading volume. It is anticipated that the epichlorohydrin market will maintain its current trend, but downward pressure cannot be ruled out. It is crucial to monitor both upstream and downstream dynamics and trading activities.


The pricing information for liquid epoxy resin E-51 in the previous week was not mentioned in the provided text.


Overall, the epoxy resin market has been affected by weak trends in upstream raw materials and insufficient downstream demand. Market participants have predominantly adopted a cautious approach. It is expected that the market will continue to experience weak and volatile prices. Close attention should be paid to the trends in raw materials and the follow-up of downstream demand.


(Note: The above analysis is for reference purposes only, and actual procurement should be based on manufacturers' quotations.)

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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