Epoxy resin prices are climbing

Last week, the domestic epoxy resin continued its good start in 2011, and the price was further boosted by the cost. The major domestic manufacturers gradually adjusted up and followed up, and the manufacturer’s quotation was increased. Since New Year's Day, the price of solid resin has risen by 1,300 yuan (t price, the same below), and liquid resin has risen by 1,200 yuan.

The upstream raw material, bisphenol A, opened higher and higher, and the atmosphere of speculation was hot. The high-end offer reached 19,700 to 20,000 yuan, while in East China, the reference and negotiation ranged from 19,500 to 19,600 yuan, and the weekly gain was 1,500 yuan. The other raw material epichlorohydrin market is even more frequent, the price from the beginning of the week of 14000 ~ 14700 yuan, soared to the current high of 14800 ~ 15500 yuan, low prices hard to find. The increase in the number of dual-material feedstocks is evident in the cost support and lift effect of epoxy resins.

With the rise of raw materials, the price of epoxy resin has risen. The mainstream resin solid offer rose to 22500 to 23,000 yuan, referring to 22,300 to 23,000 yuan. Due to the recent rapid growth of raw materials, even though the manufacturers' quotation has been constantly raised, most manufacturers still perform low-cost orders in the previous period due to sales. The actual negotiation of high-priced goods is not common.

Liquid resin firm trading prices rose to 24000 ~ 25000 yuan, the situation is similar with the solid resin, downstream electronics, insulation materials and other manufacturers to gradually prepare for the stock market at the end of the year, taking the goods slightly larger than the previous period. With the rapid development of China's shipbuilding industry, the development of marine coatings will reach its peak this year, and the demand for liquid resins will also expand. Due to the approaching Spring Festival, poor circulation of funds has brought about a certain inhibitory effect on the shipment of resin. However, in the short term, cost promotion has become the main driving force for the rise of the resin market.

With the Spring Festival approaching, the upstream dual raw materials are expected to enter a high consolidation phase after the two raw materials have soared. Since it takes time for the cost to be transferred smoothly, the follow-up cost support effect can still persist for some time. At present, the epoxy resin up-channel has been opened, and the epoxy resin will be "highly pricey" for a while.