After the epichlorohydrin price rose slightly in September, it remained stable. At the end of the month, the domestic epichlorohydrin price was closed at Dayang. With the increase in the price of Qilu Petrochemical and Tianjin Chemical Epichlorohydrin on October 8th to 18,000 yuan (ton price, the same below), the market blew up the horn of comprehensive price increase, and the current round of increase was more than 2,000 yuan. Amazing. The market has no more than 18,000 yuan in price, the contract customer spot exchange price is 18,000 yuan, a small amount of acceptance price is about 18,500 yuan. The epichlorohydrin market has changed its long-term downturn, prices have risen sharply, and the overall market atmosphere has improved.
The price increase was first due to the fact that domestic supply began to decline and did not reach the projected increase in supply. September is expected to greatly increase the domestic supply of epichlorohydrin in October, so market participants dare not easily shake, lack of confidence and price increases. However, in October, the domestic manufacturer's equipment was relatively unstable. Shandong Bohui Chemical's second phase 80,000-ton epichlorohydrin plant was parked, Jiangsu Yangnong Chemical was shut down for maintenance, and Tianjin Chemical was scheduled to repair and line this month. Qilu Petrochemical planned this month. On the 20th, it was stopped and overhauled. Baling Petrochemicals began to reduce its foreign sales due to increased demand from September. The instability of a series of devices led to insufficient supply in the domestic market, but it was even more tense. The contradiction between supply and demand was more prominent. As a result, the market transaction atmosphere was obviously improved, the focus of price transactions continued to increase, and low-cost sources were difficult to find. After the market price breaks through the price platform of 18,000 yuan, it is almost equal to the 20,000 yuan mark.
Second, downstream demand began to increase. Although the overall downstream epoxy market was relatively stable recently, demand began to increase. Some parking companies started to resume construction and the overall operating rate increased. The solid one-step resin price is about 23,000 yuan, and the liquid resin price is 27,000 to 28,500 yuan. In the early stage, due to the poor market of epoxy resins, the operating rate of enterprises was not high, which also led to a decrease in the supply of epoxy resin and a better market. With the dramatic increase in the price of epichlorohydrin, the downward buying trend will increase buying enthusiasm, tightening the supply of goods and increasing the difficulty of procurement, further aggravating the active atmosphere of market transactions.
In addition, changes in the import and export markets have also affected prices in the domestic market. In August, China exported 1,003 tons of epichlorohydrin and imported 6,676 tons of chloropropane. The export volume increased by 161% from the previous month and imports decreased by 63 tons from the previous month. Russian sources of supply are relatively tight. Imports in October will not be very large, which will also increase pressure on the domestic market. The import prices of imported goods in October were concentrated in 1950-2000 U.S. dollars (CFR).
In the short term, due to the shortage of supplies, prices have risen sharply, and the epichlorohydrin market has ushered in a new spring after a long period of decline. In October, traders began to reluctantly sell their products due to the unstable operation of the manufacturer's equipment and the concentration of overhauls and the reduction in supply. The domestic market continued to maintain tight supply. Foreign trade associations have quotations in the second half of this month, and the possibility of an increase in external disk prices is greater. At present, the price trend in the domestic market needs to continue to be observed, and the driving force for further price increases is relatively sufficient. However, from the perspective of operations, it is unfavorable for prices to push up further.
The price increase was first due to the fact that domestic supply began to decline and did not reach the projected increase in supply. September is expected to greatly increase the domestic supply of epichlorohydrin in October, so market participants dare not easily shake, lack of confidence and price increases. However, in October, the domestic manufacturer's equipment was relatively unstable. Shandong Bohui Chemical's second phase 80,000-ton epichlorohydrin plant was parked, Jiangsu Yangnong Chemical was shut down for maintenance, and Tianjin Chemical was scheduled to repair and line this month. Qilu Petrochemical planned this month. On the 20th, it was stopped and overhauled. Baling Petrochemicals began to reduce its foreign sales due to increased demand from September. The instability of a series of devices led to insufficient supply in the domestic market, but it was even more tense. The contradiction between supply and demand was more prominent. As a result, the market transaction atmosphere was obviously improved, the focus of price transactions continued to increase, and low-cost sources were difficult to find. After the market price breaks through the price platform of 18,000 yuan, it is almost equal to the 20,000 yuan mark.
Second, downstream demand began to increase. Although the overall downstream epoxy market was relatively stable recently, demand began to increase. Some parking companies started to resume construction and the overall operating rate increased. The solid one-step resin price is about 23,000 yuan, and the liquid resin price is 27,000 to 28,500 yuan. In the early stage, due to the poor market of epoxy resins, the operating rate of enterprises was not high, which also led to a decrease in the supply of epoxy resin and a better market. With the dramatic increase in the price of epichlorohydrin, the downward buying trend will increase buying enthusiasm, tightening the supply of goods and increasing the difficulty of procurement, further aggravating the active atmosphere of market transactions.
In addition, changes in the import and export markets have also affected prices in the domestic market. In August, China exported 1,003 tons of epichlorohydrin and imported 6,676 tons of chloropropane. The export volume increased by 161% from the previous month and imports decreased by 63 tons from the previous month. Russian sources of supply are relatively tight. Imports in October will not be very large, which will also increase pressure on the domestic market. The import prices of imported goods in October were concentrated in 1950-2000 U.S. dollars (CFR).
In the short term, due to the shortage of supplies, prices have risen sharply, and the epichlorohydrin market has ushered in a new spring after a long period of decline. In October, traders began to reluctantly sell their products due to the unstable operation of the manufacturer's equipment and the concentration of overhauls and the reduction in supply. The domestic market continued to maintain tight supply. Foreign trade associations have quotations in the second half of this month, and the possibility of an increase in external disk prices is greater. At present, the price trend in the domestic market needs to continue to be observed, and the driving force for further price increases is relatively sufficient. However, from the perspective of operations, it is unfavorable for prices to push up further.