This week, the domestic epoxy resin market weakened further. During the week, the upstream raw materials Bisphenol A and Epichlorohydrin kept going down, the resin cost support was not enough, the epoxy resin field had a strong wait-and-see atmosphere, and the terminal downstream inquiries were few, the new single center of gravity continued to fall. In the middle of the week, dual raw materials stopped falling and stabilized, but the downstream market was not moved, the resin market atmosphere was flat, the negotiation center of gravity tended to be weaker, some factories were under pressure to ship and cut the profit, the market was weak.

As of March 31, the mainstream negotiation price of liquid resin market in East China was referred to 14400-14700 yuan/ton, down 100 yuan/ton compared with last week; the mainstream negotiation price of solid resin market in Huangshan region was referred to 13600-13800 yuan/ton, down 50 yuan/ton compared with last week.

Raw materials

Bisphenol A: Bisphenol A market narrowly lower this week. Phenol acetone rose at the beginning of the week and fell at the end, but the overall upward, the high cost of bisphenol A fluctuates slightly, the cost side pressure is significant. Terminal downstream demand is still no improvement, the bisphenol A to maintain the purchase of the main demand, the spot market trading is light. This week, the downstream more wait-and-see, although the supply tightened in the middle of the week, but the demand is weak, did not have an impact on the market center of gravity, this week is still weak running up. On the device side, the industry opening rate was 74.74% this week. As of March 31, East China bisphenol A mainstream negotiation price reference in 9450-9500 yuan / ton, compared with last week’s price fell 150 yuan / ton.

Epichlorohydrin: The domestic epichlorohydrin market fell narrowly this week. During the week, the prices of two major raw materials rose steadily, and the cost side support was enhanced, but the downstream demand for epichlorohydrin was not enough to follow up, and the price continued to be in a downward trend. Although the negotiation center of gravity was up, the downstream demand was general, and the new single push up was stalled, and the overall adjustment was mainly in the range. Equipment, this week, the industry opening rate at about 51%. As of March 31, the mainstream price of epichlorohydrin in East China was 8500-8600 yuan/ton, down 125 yuan/ton compared with last week.

Supply side

This week, the load of liquid resin in East China declined, and the overall opening rate was at 46.04%. The liquid device start-up in the field rose, Changchun, South Asia load 70%, Nantong Star, Hongchang electronic load 60%, Jiangsu Yangnong start-up load 50%, the supply of general, now manufacturers supply to contract users.

Demand side

No significant improvement in the downstream, the enthusiasm to enter the market inquiry is not high, the actual single transaction is weak, follow-up information on the recovery of downstream demand.

On the whole, Bisphenol A and Epichlorohydrin have stopped falling and stabilized recently, with little fluctuation on the cost side; downstream terminal enterprises’ demand is not enough to follow up, and under the concession of resin manufacturers, the actual single transaction is still weak, and the overall epoxy resin market is stagnant. Under the influence of cost, supply and demand, the epoxy resin market is expected to be cautious and wait-and-see, with limited changes, and we need to pay attention to the upstream and downstream market dynamics.