"Out of stock! Closed order! Stop quoting! Chemical products are price soaring! The maximum increase up to 254%!" This is the most frequent sound in the domestic chemical industry since November.
The price of all the chemical products has been increasing continuously, for example, the epoxy resin. In November, the domestic epoxy resin market went up sharply, especially for liquid resin. According to the monitoring of the business community, the factories mostly adopted the state of stop quoting since in November, and the spot market is also scarce, so it is difficult to get the actual price. Up to now, the negotiated price of liquid resin is around 28,500-30,000CNY/ton. It is understood that the current price of liquid resin has reached the peak of nearly three years, and there is still a trend to continue to rise.
In terms of cost, the phenol A raw material market has been greatly affected by the downstream epoxy resin industry, with the phenol A market up nearly 20% in November. The factory raised by 600-800 CNY/ton in the first working day of the opening this week. The main offer of the factory is 14,800 CNY/ton, which is a new high this year. The current market offer and factory offer is basically flat, because of not much more stocked, so most of the sellers adopt a more cautious attitude to sell, occasionally offer at 14,700-14,800 CNY/ton. Although the current market transaction is not ideal, but given the demand space of the downstream market, the holder of adequate information.
Another important raw material epoxy chloropropane market also showed a rising trend, entering November, epoxy chloropropane in shandong market up nearly 4%, the current market offer at 11,200-11,400 CNY/ton. The price of epoxy chloropropane is mainly affected by the surge of downstream products.
As for the production device, the production device of liquid epoxy resin generally operates normally, and a few factories offer more than 28,000-30,000 CNY/ton; The load of solid epoxy resin is low, there were 2 manufacturers have been stopped for maintenance since October 28.The factories around Shanghai cooperated with the stop-production plan of the Expo and lost thousands of tons of production; In December, there are two large resin plants shut down for maintenance for more than 10 days, resin output will be reduced by thousands of tons, so that the original tight supply of products is hard to expected to change in the short term.
According to industry insiders, the price rise is only the beginning and will continue into the middle of next year, driven by the downstream market and influenced by the characteristics of the industry.
The above market trend is from "China International Composite Industrial Technology Exhibition".
Post time: Dec-02-2020