Recently, epoxy resin has become "Crazy". On October 10, the negotiated price of liquid resin has risen to 29200-30000 yuan / ton, which is more than 8450 yuan / ton compared with the price of 20750 yuan / ton on October 1, with an increase rate of more than 40.7% and a 10-year high since October 28000 yuan / ton in 2010.
After the "double festival" in early October, the price of epoxy resin almost showed a unilateral upward trend. In November, the domestic epoxy resin market was significantly higher, especially for liquid resin. The factories did not make offers, and the production of orders was mainly based on the shortage of spot supply, which supported the soaring market offer.
Industry insiders said that at this time point every year, the price of epoxy resin will rise slightly. But this year, it has risen a little bit, even one price a day, which is related to the explosion of Guodu chemical industry, the top five in the industry. At the end of the month and the beginning of the month when large orders are locked in, large liquid manufacturers need to deliver orders from large customers. As a result, the supply of spot goods in the market is tight, and some customers who are about to be out of stock enter the market for replenishment, thus affecting the stable supply system of the industry. Spot prices open the channel of jump rise, the market spot is difficult to obtain, the price is more chaotic. Liquid epoxy resin rose by more than 5500 yuan / ton in a week. Some enterprises raised the price twice within 2 hours. Most manufacturers did not make an offer, and they mainly made orders.
The increase of raw material cost support is also an important reason to promote the price rise of epoxy resin. Recently, the epichlorohydrin market showed a rising trend. On the 10th, the epichlorohydrin price was 12200 yuan / ton, up 1458.33 yuan / ton or 13.58% compared with the beginning of the month. Another raw material, bisphenol A, performed better. The market rose by nearly 20% in November. On the 9th, factories increased 600-800 yuan / ton, and the mainstream offer was 14800 yuan / ton, which reached a new high in the year.
In terms of devices, the factories around Shanghai have lost thousands of tons of output in line with the plan to stop production of the Expo. In December, two large-scale resin factories shut down for more than ten days for maintenance, and the resin output will be reduced by several thousand tons, so that the products which were originally in short supply are not expected to change in the short term, and the prices may continue to rise in the later stage.
Bisphenol a hit a new high in the year, quotation suspended
As a raw material of epoxy resin, the price increase of bisphenol A plays an indispensable role in the impact of liquid epoxy resin to a new high of 10 years. On October 10, bisphenol A was quoted at 15600 yuan / ton, up 3000 yuan / ton or 23.81% from the beginning of the month, reaching a new high in the year. And the atmosphere in the venue is good, the attitude of the cargo owners is positive, and they are still optimistic about the future market.
In addition, a fire broke out in the cracking unit of LG Chemical Lishui plant in South Korea, which affected bisphenol A and its downstream PC unit. Affected by this news, the domestic bisphenol a market was closed. At present, the market offer and the factory offer are basically flat, and the bisphenol a market in North China and Shandong has continued to rise. Most of the cargo holders are reluctant to sell because of the limited supply of goods and the scarcity of circulating goods.
Source: Chemical Network
