1、 Market Focus

1. The epoxy resin market in East China remains strong

Yesterday, the liquid epoxy resin market in East China showed relatively strong performance, with mainstream negotiated prices remaining within the range of 12700-13100 yuan/ton of purified water leaving the factory. This price performance reflects that market holders, under the pressure of high fluctuations in raw material costs, have adopted a strategy of adapting to the market and maintaining market price stability.

2. Continued cost pressure

The production cost of epoxy resin is under significant pressure, and the high volatility of raw material prices directly leads to the continued cost pressure of epoxy resin. Under cost pressure, the consignee has to adjust the quoted price to cope with market changes.

3. Insufficient downstream demand momentum

Although the market price of epoxy resin is relatively strong, the downstream demand momentum is clearly insufficient. Downstream customers actively entering the market for inquiries are rare, and actual transactions are average, indicating the market’s cautious attitude towards future demand.

2、 Market situation

The closing price table of the domestic epoxy resin market shows that the market is relatively strong. The high volatility of raw material prices has led to persistent cost pressure on epoxy resin, causing holders to make market quotes and reduce low-priced supply in the market. However, the lack of downstream demand momentum has resulted in mediocre performance in actual transactions. The negotiated price of liquid epoxy resin mainstream in East China is 12700-13100 yuan/ton of purified water for delivery, and the negotiated price of Mount Huangshan solid epoxy resin mainstream is 12700-13000 yuan/ton of cash for delivery.

3、 Production and sales dynamics

1. Low capacity utilization rate

The utilization rate of production capacity in the domestic epoxy resin market remains at around 50%, indicating a relatively tight market supply. Some devices are in a state of shutdown for maintenance, further exacerbating the tight supply situation in the market.

2. Downstream terminals urgently need to follow up

The downstream terminal market needs to follow up, but the actual trading volume is average. Under the dual pressure of high raw material prices and weak market demand, downstream customers have weak purchasing intentions, resulting in mediocre performance in actual transactions.

4、 Related product market trends

1. High volatility in the bisphenol A market

The domestic spot market for bisphenol A showed a high volatility trend today. The main manufacturers’ quotations are stabilizing, while some manufacturers’ quotations have narrowly increased by about 50 yuan/ton. The offer price in the East China region ranges from 10100-10500 yuan/ton, while downstream suppliers maintain the pace of essential procurement. The mainstream reference negotiated price is between 10000-10350 yuan/ton. The overall industry operating load is not high, and there is currently no production and sales pressure for various manufacturers. However, the fluctuation of raw materials during the trading session has intensified the market’s wait-and-see sentiment.

2. The epoxy chloropropane market remains stable with small fluctuations

The epoxy chloropropane (ECH) market is operating steadily with small movements today. The cost support is obvious, and some resin factories purchase in bulk, but the counter-offer price is relatively low. Manufacturers tend to quote within the range and negotiate prices between 7500-7550 yuan/ton for acceptance and factory delivery. Scattered individual inquiries are limited, and actual order operations are rare. The mainstream negotiated price in Jiangsu and Mount Huangshan is 7600-7700 yuan/ton for acceptance and delivery, and the mainstream negotiated price in Shandong market is 7500-7600 yuan/ton for acceptance and delivery.

5、 Future forecast

The epoxy resin market is facing certain cost pressures. Some major manufacturers have firm quotations, but downstream demand follow-up is slow, resulting in insufficient actual order transactions. Under cost support, it is expected that the domestic epoxy resin market will maintain a strong operation and further follow up on changes in raw material trends.