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A Weekly Review of Epoxy Resins

2009-04-03View Original

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This week, the atmosphere for negotiations in the liquid epoxy resin market in East China showed a slight improvement. Driven by sharp increases in raw material prices, factory quotes rose significantly. Some downstream manufacturers, acting on a strategy of stockpiling and taking advantage of rising prices, actively inquired about purchases, resulting in higher transaction volumes compared to last week; As of this Thursday, the price of E-51 (618) has risen to 15,000 yuan per ton or more, with a negotiated price range of 14,000–14,500 yuan per ton. This represents an increase of 500–600 yuan per ton compared to last week, and under cost pressures, some manufacturers are considering further price increases. In the Huangshan area, the utilization rate of the solid epoxy resin market remains around 70%, while market prices are rising rapidly ; As of this Thursday, the reference ex-factory price for E-12 (604) has risen significantly to 12,300–12,600 yuan per ton, an increase of 1,000–1,100 yuan per ton compared to last week. Some downstream buyers have shown signs of bidding up prices, leading to a slight improvement in market trading activity.

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