Epoxy Resin in a State of Easy to Rise but Difficult to Fall? The Start-up Rate of 60%!

Supported by favorable geopolitical factors, international crude oil rose sharply last week, and the high price broke through 110 USD/barrel to continue the upward movement (WTI crude oil price was 127 USD/barrel on March 6), and most products in the epoxy resin industry chain, after a deep fall, had a trend of bottoming out and rebounding. Among them, this article will focus on analyzing the market situation of epoxy resin.

On March 8, the liquid epoxy resin market in East China was running in an orderly manner, with negotiations at RMB26,400-27,200/ton barrel ex-factory.

Price: The epoxy resin market bottomed out last week: as of yesterday, the reference price of liquid epoxy resin in east China was RMB 26,800/t, down RMB 900 compared with the previous week; the reference price of solid epoxy resin was RMB 23,300/t, down RMB 200 compared with the previous week.

On March 9, the solid epoxy resin market in Shandong was running smoothly, and the mainstream negotiation price did not fluctuate much and remained at RMB 23,000-23,500/ton.

Today's negotiation was unchanged from the previous trading day. The raw materials Bisphenol A and cyclic chlorine were stable at a high level after narrowly pushing up, and the cost of enterprises increased, but the demand was not enough to follow up, and the actual orders were not traded.

The cost of epoxy resin dropped slightly in the last week. The demand side did not improve, and epoxy resin factories had inventory pressure, so they lowered their quotations and reduced their loads. Towards the end of the week, double raw materials stabilized, and the epoxy resin market rebounded slightly with the support of some downstream just-needed replenishment.

As for the device: the overall start-up rate of liquid resin is 6-7%; the start-up rate of solid resin is about 50%.

Kunshan Nanya 248kt/year plant is about 50% operational, epoxy resin E-51 is quoted at RMB28000/ton barrel.

Changchun Chemical's 100kt/a plant is about 70% loaded, epoxy resin E-51 is quoted at RMB27,700/ton barrel for shipment.

　　Yangnong Jinhu 170kt/a plant is running at 70%, epoxy resin E-51 is quoted at RMB 27,200/ton barrel for shipment.

　　Nantong Xingchen 160,000t/a plant load about 70%, epoxy resin E-51 new order quoted at RMB 27,000/tonne net for shipment.

　　Jiangsu Sanwu 200,000 tons/year plant is running normally, epoxy resin E-51 new order is reported at RMB 26,700/tonne barrel shipment, actual single certificate can be consulted.

　　Hongchang Electronics 155,000 tons/year plant is running normally, new order received for epoxy resin E-51 quoted at RMB 27,500/tonne bucket.

　　Baling Petrochemicals 140,000 tons plant is running normally, new order of epoxy resin E-51 is quoted at RMB 27,000/tonne net for shipment.