After The Holiday, Epoxy Resin Factories Are Actively Pushing For Price Increases
2024-02-26
Equipment situation: The overall operating rate of liquid resin was above 70%, and the overall operating rate of solid resin was around 60%.
The current market situation
Data Source：CERA/ACMI
Market overview：
Bisphenol A：
Data Source：CERA/ACMI
Price-wise: The focus of the phenol ketone market has shifted upwards, while last week's bisphenol A market remained stable. As of February 23, the reference price of bisphenol A in East China was 9,900 yuan/ton, an increase of 200 yuan compared to the beginning of the year.
In terms of raw materials: The latest reference price of acetone is 7,100 yuan/ton, an increase of 200 yuan compared to the beginning of the year; the latest reference price of phenol is 7,800 yuan/ton, an increase of 300 yuan compared to the beginning of the year.
Equipment situation: The overall operating rate of the bisphenol A industry's facilities is above 60%.
Epoxy chloropropane:
Data Source：CERA/ACMI
Price-wise: Last week, the epoxy chloropropane market operated horizontally. As of February 23, the reference price of epoxy chloropropane in East China remained unchanged at 8,350 yuan/ton compared to the previous week.
In terms of raw materials: The main raw material for ECH, propylene, experienced a price decline, while glycerol rebounded slightly. The latest reference price for propylene is 7,100 yuan/ton, a decrease of 50 yuan compared to the previous year; liquid chlorine decreased with the latest reference price at -50 yuan/ton; and 99.5% glycerol in East China had a latest reference price of 4,200 yuan/ton, an increase of 100 yuan compared to the previous week.
Equipment situation: The overall operating rate of the industry during the week was around 60%.
Epoxy resin：
Data Source：CERA/ACMI
Price-wise: Last week, the domestic epoxy resin market first rose and then stabilized. As of February 23, the reference price of liquid epoxy resin in East China was 13,300 yuan/ton (net water factory price), an increase of 200 yuan compared to last year; the reference price of solid epoxy resin was 13,300 yuan/ton (factory price), an increase of 300 yuan compared to last year.
In terms of raw materials: After an increase of about 200 yuan/ton, the price of bisphenol A stabilized, and another raw material, ECH, operated horizontally. With the rise of cost and the approaching period of contract negotiation at the end of the month, resin factories have a strong intention to raise prices, and offer prices have risen by 200-400 yuan compared to before the holiday. Downstream of epoxy resin, many have stockpiled and have not yet fully resumed work, which has restricted the upward trend due to insufficient follow-up volume for new orders. Looking ahead, the market supply will gradually increase, and some factories have high inventory and a large order gap in March. Therefore, there is a high possibility that the price of epoxy resin will be weak and stable. The mainstream price reference for liquid epoxy resin in East China is 13,200-13,400 yuan/ton (net water factory price); the price of solid epoxy resin varies, and the mainstream price reference for Huangshan solid epoxy resin E-12 is 13,100-13,400 yuan/ton (factory price).
Equipment situation: The overall operating rate of liquid resin was above 70%, and the overall operating rate of solid resin was around 60%.
