As the holiday approaches, the epoxy resin market has broken the long-term downturn and the focus of negotiations has increased this week. By the 26th, the mainstream negotiated price in East China was 14000-14500 yuan/ton of purified water, and the negotiated price in Mount Huangshan solid epoxy resin market was 1360-14000 yuan/ton. Compared to last week, the increase is about 500 yuan/ton.
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Enhanced cost support for dual raw material heating
The market for raw material bisphenol A has shown a significant upward trend. Prior to the holiday, due to tight supply and tight spot resources, the market quotation quickly exceeded 10000 yuan. As of the 26th, the negotiated price for bisphenol A in the market was 10050 yuan/ton. The market resource is limited, and there is no pressure on the supply of goods by the holders to release profits and have little intention of shipping. However, the downstream procurement pace has slowed down after the price rose to 10000 yuan. With the approaching holiday, the actual orders on the market mainly need to be followed up, with fewer large orders. However, the upward trend of the bisphenol A market has a greater support for downstream epoxy resins.
The raw material epichlorohydrin also showed a significant upward trend in late April. On April 20th, the market negotiated a price of 8825 yuan/ton, and as of now, the market negotiated a price of 8975 yuan/ton. Although the trading volume this week was slightly weak, it still has a supportive effect on the downstream epoxy resin market from a cost perspective.
The current operating rate of the epoxy resin plant is around 50%, and downstream demand is mainly small orders. Although the current cost support is strong, the actual order volume of the epoxy resin itself is insufficient.
The increase in raw material bisphenol A is significant, with negotiations reaching around 10050 yuan/ton. The price of raw material epichlorohydrin continues to be strong. Both raw materials are supported, but from the downstream perspective of epoxy resin, there has been no significant improvement in procurement. The actual transaction volume of epoxy resin is insufficient, and it is expected that there will be little change before the holiday, maintaining a strong operating state. The negotiation reference for liquid epoxy resin in the East China region is 14000-14500 yuan/ton of purified water for factory delivery.
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