In November, the epoxy resin market continued to decline. According to the monitoring data of business society, the offer of East China liquid resin market was 31000 yuan / ton on November 1, and fell to 27500-28000 yuan / ton on November 30, with an offer decrease of 11%. The sharp decline in the epoxy resin market was mainly affected by the decline in the raw material end, the negative cost side intensified, and the epoxy resin continued to decline.
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In November, the domestic bisphenol a market rose and fell repeatedly with high fluctuation frequency. According to the monitoring data of business society, the domestic bisphenol a market offer was 18500 yuan / ton on November 1, and 16875 yuan / ton on November 30, with a decrease of 8.75% in the month. Among them, November 3 was the lowest point in the month, and the offer was 15800 yuan / ton. In November, there were frequent fluctuations. As of press time, the offer of East China mainstream market is 16700 yuan / ton, and that of North China mainstream market is 16700 yuan / ton. On November 30, the bisphenol a commodity index was 161.78, down 42.87% from the highest point of 283.19 in the cycle (2021-04-16), and up 124.41% from the lowest point of 72.09 on April 6, 2020. (Note: the period refers to the period from March 1, 2020 to the present) in December, the bisphenol a market was cautious, focusing on interval consolidation and operation. The market fluctuation was mainly affected by the situation of domestic factories, bidding and downstream demand.
In November, the price of epichlorohydrin fell weakly. At the end of the month, the average quotation price of epichlorohydrin enterprises was 16133.33 yuan / ton, down 18.66% compared with the price on November 1. The market atmosphere was light. In the short term, the market of epichlorohydrin may be dominated by weak consolidation. In the first ten days, the cost support of propylene method was weak, the cost support of glycerol method was strong, the downstream procurement enthusiasm was not high, the enterprise shipment was under pressure, and the price weakened. With the rise of raw propylene, the downstream epoxy resin price rose broadly, the market support was strengthened, the inquiry atmosphere improved, and the market rose, but the demand was still insufficient, and the price fell again. In the middle of the year, the price of raw propylene was weak, the cost support was weakened, the cost pressure of glycerol method remained, the enthusiasm of downstream inquiry and procurement was not high, the shipment of enterprises was under pressure, the weak demand side dragged down market confidence, the trading atmosphere was light, and the price fell. In the latter half of the year, the supply was sufficient, the demand side was weak, and the focus of the negotiation weakened. With the gradual rise of the price of raw propylene, the cost support was gradually strengthened, and the manufacturers’ intention to lower the price was not strong. After the centralized replenishment in the downstream, the market atmosphere was light. At present, the demand side was weak, and the overall situation fell in the latter half of the year.
Device: the overall operating rate of liquid resin is about 60%; The operating rate of solid resin is 4-5%.
From the perspective of the chemical industry, it is still in the downward channel, and the epoxy resin market is greatly affected by the raw material end. The new production capacity of bisphenol A in December and the situation of domestic factories still need to be paid special attention. Business analysts believe that in the later stage, they pay more attention to the impact of industrial policies. According to the current situation, the epoxy resin market may continue to bottom in December.
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