The main reasons for the stable market for paste resin in July were that the paste resin market was relatively stable in the month, the operating rate in the downstream industry did not increase or decrease, the demand was stable, and the price of paste resin was dominated by narrow fluctuations. Second, due to the better sales of paste resin, the month will basically maintain full production and sales, and inventory will be small. Third, from June to early July, Shanghai Chlor-Alkali Chemical Co., Ltd.'s paste resin production plant was shut down for maintenance, and the market supply decreased. Fourth, the price of imported paste resin continues to rise at a high level, which is conducive to stable domestic paste resin prices. In July, Hanwha and Zhongyuan imported gloves were offered at prices ranging from 1480 to 1,500 U.S. dollars, and leather materials were offered at 1460 to 1480 U.S. dollars. Fifth, the domestic price of calcium carbide dropped sharply in July, and the cost of paste resin declined.
In August, the paste resin market was still relatively stable and balanced. The conditions for sharp price rises and fall were not met, and market stability will be the main theme of the market. As raw material calcium carbide prices continue to decline, paste resin costs will continue to decline. The adjustment of national export tax rebates and the cancellation of preferential treatment for most varieties will adversely affect the export of paste resins and downstream export-oriented enterprises in the short to medium term. However, Shenyang Chemical Industry Co., Ltd. stopped the production and maintenance of the paste resin device in the second half of August, and the market supply was relatively declining, which contributed to the stability of the market and the price rose slightly.
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