The Two Raw Materials Are Both Ups And Downs, And The Resin Factory Reports High And Low Prices

  As we know, epoxy resin is the main raw material of FR4 sheet and 3240 Epoxy Resin Sheet, so we need to pay much attention on every news about epoxy resin.

1. Market Situation

  External environment: Crude oil prices have fallen for two consecutive weeks, and the prices of phenol, acetone, propylene and glycerin have all fallen by varying degrees last week.

  At present, the prices of bisphenol A and cyclochloride are mainly determined by market supply and demand, and small fluctuations in raw material prices have little effect on the market. Last week, the bisphenol A market rose slightly, and the ring chlorine market was still in an "avalanche" state. The epoxy resin market was dominated by continuous negative declines. For details, see below:

2. Quotes Summary

Bisphenol A:

  Price: last week, the domestic bisphenol A market rose first and then fell: As of November 19, the reference price of bisphenol A in East China was around 17,400 yuan/ton, an overall increase of more than 1,000 yuan/ton from the previous week.

  From the weekend of the previous week to the beginning of last week, the downstream PC load increased, and some downstream resins and traders replenish their stocks on dips. The market sentiment improved slightly. Although the market has been relatively sluggish recently, the rigid demand will not disappear. The mainstream bisphenol A factories have no inventory and sales pressure for the time being. After the market has shown a positive trend, the factories have resumed their quotations and slightly increased. The price of bisphenol A rose to nearly 18,000 yuan/ton in the first few days of last week.

  On Thursday, Zhejiang Petrochemical's Bisphenol A auction was high, but the market was still not optimistic about the market outlook for Bisphenol A. It ended with a round of 16,300 yuan/ton, which could not support the market's continued upward trend. In the days leading up to the weekend, market sentiment gradually faded and prices fell slightly.

  In terms of raw materials: the phenol and ketone market rose first and then fell during the week: the latest reference price of acetone was 5650 yuan/ton, which was basically the same as last week; the latest reference price of phenol was 9300 yuan/ton, a slight increase of 100 yuan from last week.

   Installation situation: The installations of major factories have basically restarted, and the overall operating rate of the industry has increased to more than 80%.

Epichlorohydrin:

  Price: the domestic epichlorohydrin market fell sharply last week: As of November 19, the reference price of epichlorohydrin in the East China market was 15,900 yuan/ton, down 1,600 yuan from the previous week.

  Low downstream purchasing intentions, insufficient demand follow-up, and increased spot pressure from major ring chlorine manufacturers have led to a gradual decline in the market. Recently, the price of liquid chlorine has dropped from a high of 4,000 yuan/ton to the normal price. The cost of propylene-based ring chlorine is around 10,000 yuan/ton, which is lucrative and highly resilient. Although the price of glycerin has dropped slightly, it is still at a high level. The cost of glycerin-based cyclochloride is basically in a state of upside-down, and some factories have already seen a decline in the load or have stopped.

  The price of the main raw materials of the two process routes ECH dropped during the week: the latest reference price of propylene was 7,600 yuan/ton, down 300 yuan from last week; 99.5% glycerin in East China continued to fall from a high level, and the latest reference price was 12,600 yuan/ton, compared with last week. It fell by 400 yuan.

  Installation situation: Shandong Xinyue's 60,000-ton glycerin plant was shut down, and Hebei Zhuotai's 30,000-ton glycerin plant was shut down. The industry's overall operating rate was about 50--60%.

Epoxy Resin:

  Price: last week, the domestic epoxy resin market as a whole was mainly focused on the following: as of November 19, the reference price of liquid epoxy resin in East China was 29,500 yuan/ton; the reference price of solid epoxy resin was 24,000 yuan/ton, a decrease from the previous week. Around thousand yuan.

  During the week, the price of ring chlorine fell sharply, the price of bisphenol A rose slightly, and the support for the cost of epoxy resin generally weakened. In the case of poor new orders, the current price of epoxy resin has continued to fall mainly, and the market For the time being, we don't see any good news.

  The major resin manufacturers mainly deliver pre-orders, and the spot pressure is increasing, and it is inevitable to gradually lower the ex-factory price. However, considering the high-priced orders in the early stage, resin manufacturers are also more cautious about lowering the listing price, and gradually lower them according to the order situation. The market generally has the phenomenon of high prices and low prices. The quotations are uneven and the spreads are widened. Actual transactions need to be negotiated. The price shall prevail.

  In terms of equipment: the overall operating rate of liquid resin is around 70%; the operating rate of solid resin is around 50%.