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Market Trends and Outlook for Key Chemicals in China

 ECHEMI 2023-11-27

This article provides an overview of the recent market trends and outlook for several key chemicals in China. We will focus on Bisphenol A, Propylene Glycol, Epichlorohydrin, and Epoxy Resin, analyzing their price movements and factors influencing the market. It is important for industry participants to stay informed about these dynamics to make informed business decisions.

1. Bisphenol A:

Last week, the domestic Bisphenol A market continued its slight upward trend. Starting at 9,600 RMB/ton, prices rose to 9,825 RMB/ton by the end of the week, representing a 2.34% increase. The market was supported by cost factors, with suppliers holding firm on prices. However, weak demand from downstream industries limited the upward momentum, resulting in a lack of impetus for further price increases. This week, the market is expected to experience narrow fluctuations at higher levels.

2. Propylene Glycol:

The domestic Propylene Glycol market experienced a slight decline last week. Prices started at 6,925 RMB/ton and dropped to 6,875 RMB/ton, reflecting a 0.72% decrease. Despite tight supply, limited purchasing activities from downstream factories dampened market sentiment and led to a downward shift in price negotiations. This week, the Propylene Glycol market is anticipated to remain resilient, and close attention should be paid to industry developments.

3. Epichlorohydrin:

Last week, the domestic Epichlorohydrin market witnessed a modest increase. Prices rose from 8,300 RMB/ton to 8,450 RMB/ton, indicating a 1.81% gain. The market was driven by tight spot supply, prompting manufacturers to actively raise prices. However, as prices climbed, cautious attitudes and insufficient transactions from downstream buyers hindered further price hikes. The Epichlorohydrin market is expected to consolidate, with a narrow downward correction as the main trend. Monitoring both upstream and downstream dynamics will be crucial.

4. Epoxy Resin:

The outlook for the Epoxy Resin market is influenced by recent small-scale price increases in raw materials. While this provides some support, limited inquiries from downstream enterprises and high inventory levels have prompted some manufacturers to offer discounts to mitigate inventory risks. The Epoxy Resin market is anticipated to maintain a range-bound and volatile operation. Industry participants are advised to closely monitor raw material market trends and downstream developments.

The chemical market in China experienced various trends last week, with Bisphenol A showing slight upward movement, Propylene Glycol facing mild downward pressure, Epichlorohydrin witnessing marginal increases, and Epoxy Resin maintaining a stable yet fluctuating pattern. Understanding the factors influencing these markets and staying updated on industry dynamics will be vital for businesses operating in these sectors.

bisphenol A

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