Products: the domestic epoxy resin market is in a weak position. Generally speaking, the liquid resin in East China and the solid resin in Huangshan area are in a downward trend.
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According to the monitoring of the business agency, the negotiation of liquid resin E-51 in East China is 16500 yuan / ton (in barrels), that in Shandong is 13300 yuan / ton, and that in Huangshan is 13400 yuan / ton.
Industrial chain: epichlorohydrin and bisphenol A increased in a narrow range, and the market of bisphenol A in East China offered 8800 yuan / ton. At present, the reference price of epichlorohydrin market in East China is around 9600-9800 yuan / ton, but it is difficult to have substantial pulling effect due to the decline of downstream demand market. On the supply side, 60% of the load of the liquid resin plant is maintained, mostly based on the early delivery contract, and 50% of the load of the solid resin plant is maintained after the commencement. In terms of terminal market, buyers are in conflict with high prices and have few transactions. In addition, they have little intention of replenishing downstream goods when May Day holiday comes, and the short-term decline remains unchanged.
Future market forecast: with the coming of the holiday, the downstream replenishment is less, the weak situation remains unchanged in the short term, the bearish mood in the field is serious, and the operation is cautious. It is expected that the domestic epoxy resin market will be in a shock adjustment trend in the near future.
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