Market summary of epoxy resin in 2019, the price fluctuates obviously

In 2019, the overall market price of China's epoxy resin industry chain is lower than that of last year. The average price of liquid (E-51) resin in 2019 is 19447 CNY/ton, 8.3% lower than that of last year; the average price of solid (E-12) resin in 2019 is 16120 CNY/ton, 10.9% lower than that of last year; the average price of raw material bisphenol A in 2019 is 10572 CNY/ton, 22.1% lower than that of last year; the average price of epichlorohydrin in 2019 is flat The average price is 13295 CNY/ton, 7.4% higher than last year. The price of epoxy resin industry chain in November 2017-2019 is shown in the figure below. In 2019, the price of epoxy resin fluctuated obviously with that of epichlorohydrin. In addition to the price recovery at the beginning of the year, bisphenol A has been in a state of continuous decline since March, coating online coatingol.com. In the year, the highest price of solid liquid resin appeared in late October, with prices of 26000 CNY/ton and 18200 CNY/ton respectively. Except April and November, the market prices of other months were lower than the same period last year.

At the beginning of the year, dual raw materials entered the upstream channel at the same time, and most of the production enterprises increased with the increase of cost. As the weather gradually turned warm, the downstream factories started to work in succession, and the demand increased. In addition, some resin plants were shut down or overhauled, resulting in a small peak of replenishment after the festival. At the end of March, affected by the "3.21" accident in Jiangsu Province, China carried out a comprehensive inspection of hazardous chemicals production safety, and some enterprises were limited in production. Since the middle and late May, epichlorohydrin market has started a large-scale increase mode, and the market price has increased significantly, which has repeatedly reached a new high in the year. By the end of July, it has reached a high price of 17000 CNY/ton. The epoxy resin continues to be affected by the high price of epichlorohydrin, and the cost pressure is large. Although the price of epichlorohydrin rises with the market of raw material epichlorohydrin, it is difficult to improve the downstream and terminal demand Under the influence of environmental protection policy, the production of solid resin in Jiangsu, Huangshan and other places was limited, resulting in the low downstream and terminal market, the high price of epichlorohydrin fell, and the price of epoxy resin declined.

From August to September, epichlorohydrin was in abundant spot supply, and its price continued to fall, and then it ran in turbulence. In addition, affected by Typhoon "lichima", the East China and Shandong markets were restricted in transportation. A factory in Shandong was forced to stop, but the downward trend of epichlorohydrin was not changed. In late September, due to steam reasons in Huizhou Park, Huangshan, the epoxy resin factory in the park was shut down for three days, and near the national day, the road transportation was under certain management, some epoxy resin factories would be affected by production suspension or production restriction, the overall operating rate was difficult to improve, and the spot supply was in a tense situation. In 10-11, some epichlorohydrin plants were overhauled intensively, which led to the tense situation of spot supply. Although the supply of epichlorohydrin is relatively tight, its downstream operation rate is at a low level, and some epoxy resin plants are under maintenance, thus reducing the demand for raw epichlorohydrin. As a result, the price of epichlorohydrin has become loose since the first ten days of November, and then it has been greatly reduced. As of the end of November, the price of epichlorohydrin has dropped to 11500 CNY/ton, and the price of liquid epoxy resin (E-51) is 18600 CNY/ton About RMB / T, and the solid epoxy resin is about RMB 15200 / T. Looking back over the past year, the price of epoxy resin has experienced ups and downs. After several twists and turns, in addition to a short period of sharp rise and fall near the end of the year, the price of resin in 2019 will remain within a reasonable range, and the planned production increase can not be effectively released in the past one or two years, the demand for downstream will gradually expand, coupled with the growing demand for wind power market, it is expected that the epoxy resin will be high in the next two years The boom may continue.