The domestic epoxy resin market shows a trend of first improving and then restraining. In the first ten days, the double raw materials were at a high level, while the international crude oil rose sharply, which was good for the downstream of the whole industrial chain. The epoxy resin market rose with the help of various positive factors. With the resumption of work and production in May, the on-site trading and investment recovered. However, the double raw materials fell sharply after the middle and late ten days. In particular, the bisphenol a market fell by 1400 yuan / ton in the middle and late ten days. The cost was bad, and the epoxy resin market entered a declining situation. According to the monitoring data of business agency, the market offer of liquid epoxy resin in East China was 24800-25300 yuan / ton on May 31, down 6% from the peak in the middle of the year. As of press release, the offer of liquid resin Market in East China is 24800-25300 yuan / ton in barrels, and the offer of solid resin Market in Shandong is 21500-22200 yuan / ton.

region ., Specifications., offer

East China, E51 ., 24800-25300

Shandong region, E12., 21500-22000

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Raw material bisphenol A: in May, the bisphenol a market maintained a stable trend, and in late May, domestic bisphenol A went down all the way, with a significant decline. Although phenol / acetone at the raw material end continued to rise, the support from the cost side could not make up for the negative factors of sufficient supply and weak demand. In addition, during the month, Zhejiang Petrochemical has repeatedly declined in bidding. According to the monitoring data of the business agency, the negotiated price in East China was 16650 yuan / ton on May 1, and the market offer in East China was 15162 yuan / ton on May 31, a decrease of 8.93% in the month. Although the raw material phenol ketone is higher, it is difficult to affect bisphenol A, and the contradiction between downstream bisphenol A and downstream epoxy resin /pc is more prominent With the resumption of production and living in Shanghai in June, it is expected that the downstream operating rate will increase, but the short-term supply will continue to exceed the demand, while the raw materials phenol and acetone continue to operate at a high level, the cost support of bisphenol A is still good, and bisphenol A continues to bottom in the short term. If the terminal demand improves in the later period, the situation of bisphenol A may improve with the PC end of downstream epoxy resin goods.

The epichlorohydrin market rose slightly in May. In the first half of the month, the price of raw propylene rose and fell, the cost support of propylene method turned from strong to weak, the price of raw glycerin was high, the cost pressure of glycerin method was obvious, the market supply side was not under pressure, but the demand side support was general, the market trading atmosphere was flat, and the price was adjusted in a narrow range. In the second half of the month, the cost support of propylene method gradually weakened, the cost support of glycerin method still existed, the supply side was slightly tight, and the price rose slightly, but the downstream only maintained the just needed procurement. Near the end of the month, the overall start-up of the supply side industry was low, and the inventory of production enterprises was not under pressure, but the demand side was followed up lightly, the market was sorted out, and the price was mainly stable.

According to the analysts of the business agency, the offer of the epoxy resin factory after adjustment was temporarily stable and market-oriented. At the end of the month, bisphenol A fell significantly, and the environment chlorine was depressed. The overall market negotiation was cold, and the downstream demand side did not change. It is expected that the epoxy resin will continue to be depressed in the short term.