According to the monitoring data, the epoxy resin market has shown a downward trend in recent years, in which the liquid resin falls more than the solid resin. The end demand from the end of the second quarter to the third quarter is significantly weakened due to the low demand of the low season. Under the constraints of the protection of inspections and the environmental factors such as the low season factors, the market demand is weak, the resin market activity is significantly reduced, the factory is mostly digested in stocks, the new orders are not in good condition, and the market continues to decline. .
As of August 28, the current average price of raw materials is calculated. The liquid resin profit is estimated to be around RMB 2,000/ton, while the solid resin is around RMB 680/ton, near the solid resin cost line. Although the liquid resin profit margin is higher than that in the second quarter. Compressed, but overall profitability is still better than solid resin.
At the end of the month, the decline in the epoxy resin market was mainly due to the improvement in the cost side. The raw material epichlorohydrin stopped falling and stabilized. The other raw material bisphenol A market rebounded and increased its support for cost. The cost gradually strengthened. Supporting the market participants' mentality, it also has a certain inhibitory effect on the decline of the epoxy resin market. The resin factory has a lower intention to weaken, the offer is firmer, and the factory orders have improved. The later raw material bisphenol A plant overhaul Relatively concentrated, the contradiction between supply and demand in the market will continue to release favorable support. In addition, Changchun Chemical's 100,000 tons/year epoxy resin unit will also have three months of maintenance in mid-September. The impact of the late-season demand will also be weakened. Will improve.
