1

market forecasting

Last week, epoxy market atmosphere is low, factory spot inventory increases, market supply is still abundant; On the demand side, the terminal demand has not improved and the active inquiry is quiet, but with the consumption of pre-orders and stock materials, there may be some small rigid demand replenishment in this week.

The upstream dual raw materials still have bearish expectations, the market spot supply is abundant, the purchase price is cautious, the participation enthusiasm is not high, maintains the on-demand purchasing mode, causes the production enterprise to ship the pressure, expects the Chinese epoxy resin market to continue to fall this week, It is estimated that the mainstream range of liquid epoxy resin in East China is in the range of 18900 yuan / ton, and the mainstream range of solid epoxy resin in East China is 16000 yuan / ton.

2

Market summary

Epoxy resin: last week domestic epoxy resin market weak downward. During the week, epichlorohydrin and bisphenol A, the main raw materials, dropped, and the cost pressure weakened. At present, domestic epoxy resin factory construction is stable as a whole, but some enterprises in Jiangsu Province start low, supply-side performance is adequate. On-the-spot new single offer has given way to profits, the actual discussion center of gravity is lower. As of Friday, East China liquid epoxy resin mainstream negotiation reference in 19200 yuan / ton, solid epoxy resin mainstream negotiation reference in 16300 yuan / ton.

Price trend of Epoxy Resin Industry chain in 2018-2019

                                                                                                        Yuan/MT

 Acceptance of 11,400 yuan / tonne was delivered, down 1350 yuan / tonne from the previous month.

Bisphenol A: last week, the bisphenol A market continued its downward trend, and as of Friday, the East China market reference talks for bisphenol A were at 11300 yuan / tonne. Although some bisphenol A holders offer firm, but the market to buy light, spot demand is difficult to significantly release. Part of bisphenol A selling confidence is not enough, the actual order gives profit to the goods. Downstream epoxy resin synchronously weak, raw material purchase intention to maintain caution, sporadic low-cost rigid demand replenishment mainly.