The main raw materials of epoxy resin, epichlorohydrin and bisphenol A, both fell and the cost side support increased. The downstream buyers entered the market to replenish the goods. The resin producers also took orders, and the manufacturers' orders were positive.
In mid-August, the prices of double raw materials showed a downward trend. In late August, both raw materials showed a narrow rebound after bottoming out. As of September 3, the spot price of epichlorohydrin closed at 10,450 yuan/ton East China. Compared with the low point in August, the price rose by 200 yuan/ton, or 1.95%; the spot price of bisphenol A closed at 15,125 yuan/ton, which was 825 yuan/ton higher than the August low price, or 5.77%. The price of double raw materials stopped falling. Rising, supporting the cost of resin raw materials, the downstream buying mentality has also improved.
In 2018, the overall performance of epoxy resin showed a downward trend. From the end of the second quarter to the beginning of the third quarter, the traditional demand was in the off-season. The market's positive news is hard to find. Under the risk-averse mood of buying, the raw material inventory is reduced, and the demand is mainly used. The raw materials in late August. The stop-down has formed a certain support for the industry's mentality. In addition, the traditional peak season is coming. Although it is dragged down by many factors, the industry expects that the peak season is not as good as in previous years, but there are also many buyers taking the initiative to replenish the market. From the end of August to the beginning of September, downstream buying Multi-into-market replenishment, although the bulk of the goods is less common, but the downward shift of social inventory reduces the pressure on manufacturers to take orders and shipments. As the finished product inventory of the factory decreases, the producer's mentality improves and actively rises, the on-site offer Upswing, but because most of the purchase replenishment ends or is nearing the end, the high-priced new single-sale transactions in the market are heard less, and the actual single-party talks slowly rise.
Most industries have the traditional 'Golden September and Silver 10' seasons, some of them are optimistic about the market demand, but recently affected by environmental pressure, capital pressure and import and export trade policies, the peak season of epoxy resin downstream and terminal industries has not been As expected, even some industry orders still reduce the risk, buying enthusiasm for raw materials chasing is difficult to upgrade, most of the real singles just need replenishment as the main body, speculative goods and other mentality is relatively rare, expected epoxy market demand in the near future The space for improvement is limited, and the space for rising spot prices is also difficult to release, waiting for more relevant news.