Is The Price of Epoxy Resin Going to Increase?

The East China market of bisphenol A was arranged sideways at RMB 16,100-16,200/ton, and the transaction atmosphere was light. After a few days of narrow push, the market fluctuates within a narrow range. The slight increase in recent days has little impact on the cost of resin, and it can be ignored. The related product ECH continued to rise. Today's closing price was 15600-15800 CNY/ton, a small increase of 100 CNY/ton. Most of the sporadic offers in the market remained high, but the downstream mentality was cautious to purchase on demand. As the price moved quickly, production was suspended in the early stage due to cost pressures. The devices are all considered for resuming production, and the increase in market supply will be negative for the market outlook by then, which will inevitably make them worry.

The liquid epoxy resin market is not very volatile. Some factories have raised their new orders this afternoon. It is understood that all factories in the same industry have raised their orders due to the continuous rise of Shuangyuan. It is not ideal to take orders, and they dare not rush to follow suit. However, the Shuangyuan is rising, and the resin does not rise. This is undoubtedly eroding profits. It can be tolerated for two days a day. How can it be "indifferent" if it continues to rise for several days? It is expected that there will be minor adjustments soon.

All the prototypes of Yangnong Ruiheng's installations have already appeared, and the epoxy resin section has been officially put into operation on December 15th. In this way, Yangnong Group will have two production bases in Yizheng (capacity of 170,000 tons) and Lianyungang (capacity of 180,000 tons), with a total annual production capacity of 350,000 tons, covering basic liquid resins, solvent resins, brominated resins, solid resins and specialties. The production capacity of resin and many other models has entered the top three ranks in the country, and has become a main force with strong combat competitiveness.

The new forces have entered in a big way, the old players are about to come back, the market capacity is so large, the fierce competition can be imagined. As the Spring Festival is approaching, unfavorable factors such as climate, epidemic situation, transportation, etc. will inevitably make people frustrated. Whether it can hold on after the price rises and whether it will affect the poor order volume in January will test the cleverness and wisdom of decision makers.