Bisphenol A market fell again and again, the whole industry chain are no good, terminal support difficulties, poor demand, along with the oil price plunge, the industry chain down the negative release, the market lacks effective good support, the short term market is expected to still have downward space.

Epichlorohydrin market prices fell. Recent prices of raw materials propylene, glycerol are down, the cost side support weakened, downstream demand is weak, coupled with the restart of some devices news, the market downturn spread, the holder of goods to give profit shipments, epichlorohydrin market negotiation center of gravity decline, closing has been as low as 16000 yuan / ton.

The epoxy resin market is obvious with the raw materials, the downstream bearish mentality is still strong, the purchasing enthusiasm is very poor, resulting in resin factory shipments under pressure, low prices, ultra-low prices continue to appear, there are prices without market situation is more serious, the epoxy resin market is still expected to continue to fall in the future.

Bisphenol A

Data source: CERA/ACMI

Price: Last week, the domestic bisphenol A market dropped sharply. As of June 24, the reference price of bisphenol A in East China was about 13,400 yuan tons, down 1,300 yuan from last week. This week, the two auctions of Zhejiang Petrochemical ended in one round. The total auction price dropped by about 1,200 yuan tons. In particular, the auction price on Thursday fell by nearly 1,000 yuan, leading to a rapid decline in the market atmosphere. The market price of bisphenol a continued to fall. In terms of theoretical cost values, the price of bisphenol A has been below the cost line

Raw materials: the market of phenol ketone continued to decline last week. The latest reference price of acetone was temporarily stabilized at 5650 yuan tons, and the latest reference price of phenol was 10650 yuan tons, down about 300 yuan from last week

Demand: Downstream epoxy resin and PC decline intensified, especially epoxy resin. Mainstream plant load shedding, some units shut down for maintenance, the industry chain synchronized downward shift

Equipment: Nantong Xingchen equipment was shut down for maintenance, and the overall industrial equipment opening rate was about 70%.

Epichlorohydrin

Data source: CERA/ACMI

Price: The domestic epichlorohydrin market continued to decline last week: as of June 24, the reference price of epichlorohydrin in East China market was 17,000 yuan tons, and the raw material price dropped 800 yuan compared with last week.

Raw materials: the latest reference price of propylene was RMB7,750 tons, down RMB150 from last week; the latest reference price of 99.5% glycerol in East China was RMB12,400 tons, down RMB400 from last week

Demand: The start-up rate of epoxy resin industry dropped significantly. On the eve of the decline, demand dropped further and transportation pressure on epichlorohydrin manufacturers increased, mainly through lower prices and settlement of positions; beyond this, Jiangsu Haixing 130,000 tpy propylene processing plant has a near-term restart plan, which has a negative impact on the market

Installations: Hebei Jiao 60,000 tpy plant restarted, Jiangsu Haixing 130,000 tpy plant is expected to resume by the end of July; Shandong Xinyue 60,000 tpy unit out of service, Jiangsu Ruiheng 150,000 tpy unit out of service for maintenance, Shandong Binhua 75,000 tpy unit out of service; overall operating rate for the sector is around 50%.

Epoxy resin

Data source: CERA/ACMI

Price: Last week, two types of epoxy resin markets moved sharply downward: as of June 24, the reference price of liquid epoxy resin in East China was RMB22,500/t, down RMB1,000 from the previous week; the reference price of solid epoxy resin was RMB19,800/t, down RMB1,200 from the previous week.

Raw materials: The epoxy resin industry chain fell sharply in panic this week. Bisphenol A fell by RMB1300/ton for one week, epichlorohydrin fell by RMB800/ton, mostly in the state of no volume empty fall. Epoxy resin cost support weakened sharply, and the downstream buying was even more insufficient during the downward period of the market.

Demand: At the beginning of this week, epoxy resin market continued to show a downward trend. Liquid and solid epoxy resin prices have gone down to the cost line, and some factories have announced parking and maintenance under the pressure of inventory, while the rest of enterprises have reduced production load to avoid risks.

Other liquid resin factories have reduced the negative load, and the overall start-up rate of liquid resin is around 50%; the start-up rate of solid resin is 3-4%.

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