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Epoxy resin is under heavy cost pressure, and the resin market is firm

Echemi 2021-07-21

In the morning, the news that Sinopec Mitsubishi's 180,000-ton/year bisphenol A plant had been shut down due to equipment failures came out. It was immediately foreseeing that there would be a major event in the BPA market today. Sure enough, after the opening of 26,500 yuan/ton, it soared to 27,000 yuan/ton and the closing price was 1,000 yuan/ton higher than yesterday's closing price. It is reported that Zhejiang Petrochemical will be bidding again tomorrow. According to the practice of raising the price after the previous auctions, it is expected that the price will continue to rise tomorrow.


ECH still closed at 15,000 yuan/ton, but it is heard that some factories have weakened slightly, but the overall stability and small movements have little impact on the market.


LER continued to rise strongly. Yesterday, the factory adjusted upwards. Most of the adjustment range was between 1000-1500 yuan/ton. The market was relatively calm in the morning. In the afternoon, as the BPA quotation gradually increased, the market moved and the inquiry began to be active. Quotations from factories and traders are firmer.


Since the price increase of BPA today has exceeded the ability of the resin to digest, if BPA continues to have a large increase tomorrow, the two-day increase will add unbearable pressure to the resin, and it will inevitably trigger the price adjustment mechanism again. By then, whether to increase by 500 or 1,000 depends on the mood of the leaders of each factory, and there is no room for negotiation.

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