On August 10, 2026, the spot price of epoxy resins remained stable. The reference price for liquid epoxy resins in East China was 14,500-14,900 CNY/ton (cash on delivery, net factory price), and for solid epoxy resins, it was 13,600-13,900 CNY/ton (cash on delivery, delivered). According to the mean difference analysis, the current market is in a fluctuating trend, showing a stagnation warning with a bearish signal. The prices are at a low to medium level in the 1-year cycle and at a medium to high level in the 60-day cycle. The decrease in the upstream phenol price may exert some pressure on the cost side.
I. Table of Mean Difference Changes
Mean Difference Indicator Today’s Value (August 10) Yesterday’s Value (August 9) Direction of Change
5-day average difference (D5) -15 -30 +
10-day average difference (D10) 250 337.5 -
20-day average difference (D20) 245 208.75 +
II. Signal State Determination
The current combination of mean difference change directions is (+, -, +), which belongs to a stagnation warning (bearish) signal.
III. Conclusion on Trend Direction
The price trend is oscillating. Reason: The direction of change in the three differences compared to the previous day is not entirely consistent. The 5-day difference and the 20-day difference are showing a widening trend, while the 10-day difference is showing a narrowing trend, which meets the criteria for an oscillating market. Additionally, this corresponds to a bearish signal indicating a potential stagnation in growth.
IV. Positional Spatial Reference
1 year cycle price position: in the middle to lower range, with relatively limited downside space;
60-day cycle price position: relatively high, with limited upside potential.
5. Trend Chart Display
Six, Industrial Chain Dynamics
Upstream: Shandong Fuyu Petrochemical's phenol price has been reduced by 150 CNY/ton to 8,450 CNY/ton. The facility is operating normally, with average inventory, and shipments are being made according to plan. The key raw materials for epoxy resins upstream also include epichlorohydrin, epoxy cyclohexane, and bisphenol A.
Downstream: mainly applied in fields such as wind turbine blades, copper-clad laminates, adhesives, and coatings in China.
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
