Epoxy resin October situation

1. The “dual control” continued in the fourth quarter, and the limited production suspension of epoxy upstream and downstream will still be affected. Uncertainty in output and demand is the main factor leading the market.

2. The traditional stocking situation before the National Day is normal, and the resumption of labor unions after the holiday will not set off a small wave of purchases, and the industry is very concerned.

3. At present, driven by the dual control policy, the wind power industry is expected to gradually revive in the fourth quarter. Although it cannot be compared with the peak period, it is ironclad that it has improved compared to September, which will form a positive support for the epoxy resin market. .

4. According to the factory, the demand for coatings, electrical and electronics continued to improve in October, and the demand remained high, which is also helpful to the current price stability.

5. The current dual raw materials have risen and fallen. After the holiday, the status quo pattern is temporarily maintained, and the resin cost support surface remains unchanged.

In October, the output of LER/BPA decreased significantly due to the suspension of production and maintenance and the effects of dual control. Demand for wind power/coatings etc. became stronger. It is estimated that the market price of LER will remain at the current high level, with slight fluctuations mainly. The relationship between resin supply and demand is tight, and the market will adopt the "supply and demand pricing method." The cost of raw materials is not considered for the time being. It is expected that there will be a lot of market in October.