Note: "resins" should be "resin" if referring to the material in general. The translation assumes "resins" is correct as per the original text. If it should be singular, the title would be: [September epoxy resin market price increase significant, may stabilize or adjust in the future]
September 30th, according to news,
In September, China’s epoxy resin market experienced a phased upward trend, with overall monthly price increases reaching 9%, breaking the previous pattern of weak, volatile trading and signaling a clear recovery in market sentiment. This month’s price movement followed a trajectory of steady gains at the start, a surge and stabilization around mid-month, and a slight softening toward the end. Industry-wide prosperity saw a temporary boost, driven primarily by raw material support, a rebound in essential demand, and relatively low inventory levels within the market. Considering both supply‑demand fundamentals and industry trends, the epoxy resin market is unlikely to sustain a one‑sided rally in the near term; going forward, it will likely trade in a range‑bound pattern, with moderate corrections amid narrow fluctuations.
From the specific market conditions in September, the prices of mainstream liquid and solid epoxy resins in China increased simultaneously. The overall price increase for the month reached 9%. The industry's operating rate steadily recovered, with most major producers maintaining full or high load production. Overall supply was tight, and some manufacturers temporarily closed orders due to sufficient orders, limiting the circulation of spot goods, which effectively supported the price increase this month.
This round of price hikes for epoxy resins is not driven by a single factor, but rather by the combined effect of favorable trends in costs, demand, and inventory. On the cost side, the two key upstream raw materials—bisphenol A and epichlorohydrin—both saw prices stabilize and rebound in September, while the broader chemical‑materials market has also warmed up, providing robust cost support for epoxy resins, squeezing industry profit margins, and prompting companies to raise their product quotations.
The recovery in demand is the key driver of the upward trend. In September, as the traditional peak consumption season begins, steady releases of rigid orders in downstream sectors such as coatings, electronics, composites, and wind power are observed. With the steady progress of infrastructure projects and the acceleration of manufacturing resumption, downstream enterprises have collectively released their restocking demands, changing the previous cautious approach of purchasing according to needs. This has significantly increased market transaction activity, effectively digesting the available supply and supporting the rise in prices. Additionally, the overall inventory in the industry is at a relatively low level for the year, with manufacturers facing no inventory pressure, further consolidating the price increase trend.
As the month comes to an end, the market's upward momentum gradually weakens, and signs of a pullback begin to emerge, setting the stage for a stable but declining trend in the future. On one hand, the rise in raw material prices has slowed down, with bisphenol A and epichlorohydrin prices stabilizing and even showing slight declines at certain times. On the other hand, downstream demand exhibits a "weak peak season" characteristic, with limited increases in terminal rigid demand. Downstream enterprises mainly focus on replenishing inventory at low levels and consuming existing stock, showing little willingness to purchase at high prices. The market's enthusiasm for chasing higher prices has faded, and trading is gradually returning to a more rational level.
Looking ahead, the epoxy resins market is expected to remain broadly stable with minor pullbacks, and overall volatility will be limited. On the supply side, Chinese producers are maintaining high operating rates, with new capacity coming online and steady incremental supplies entering the market, gradually easing tightness and alleviating the previously constrained supply conditions. On the demand side, as the traditional peak season draws to a close, terminal demand is cooling, while industry sentiment grows increasingly cautious, making it unlikely that large‑scale restocking will reemerge. Meanwhile, broader market sentiment remains cautious, and chemical markets as a whole lack strong directional momentum.
Overall, there are no significant positive drivers for the epoxy resins market in China in October. Weakened cost support and weakening demand will dominate the market trend. The market is likely to remain stable but slightly weak, with a narrow range of adjustments. The possibility of significant price fluctuations is very low, and mainstream prices will fluctuate within a reasonable range.
