Domestic demand has been difficult to adjust since June, and solid and liquid epoxy resins have fallen more than ever. At the beginning of June, China's domestic liquid epoxy resin prices dropped by 1,000 yuan, a decrease of about 5.4%. East China discussed around 17500-18300 yuan/ton, and some of the major manufacturers' ex-factory prices were below the low end. The cumulative price of solid resin decreased by 1200, a decrease of 6.0%.
Champ Consulting chemical industry analysts believe that in raw materials, China's upstream raw materials have been falling since late May, the weak demand for cyclophosphoric resin caused the focus of the negotiations down to 10300-10500 yuan / ton, reaching the lowest since 2009 Point, the market has more price-free market, factory quotations of some manufacturers have fallen below the million mark. The other raw material, bisphenol A, is similarly low in popularity. Under the influence of phenol ketone price cuts, the price has fallen below the 12,000 yuan/ton mark. Double raw materials are difficult to pick up, the cost of epoxy resin is worsened, and the overall epoxy trend is decreasing. The downstream demand for epoxy resin has not substantially improved since the beginning of the year, and powder, electronics, and copper clad laminates are all weak and difficult to adjust. With the arrival of the industry's traditional off-season, the market is even weaker under multiple bearish conditions. End-users are cautiously pursuing on-demand purchases. The willingness to open warehouses is low, and the market volume is difficult to effectively amplify, making the bidding phenomenon among resin manufacturers more serious, especially with solid resins, and individual small-scale plants continue to play “ultra-low-priced cardsâ€. Some low-quality products were reported to 14,500 yuan/ton.
Liquid resins are also difficult to escape from difficulties. Shipments at the factory are more difficult, stocks are digested slowly, and the focus of negotiations is on the move. Downstream users do not buy or buy, and promotion policies are not effective. The device in the industry has always been operating at a low level, and the market's pessimistic attitude is difficult to repair.
Champ Consulting chemical industry analysts believe that in raw materials, China's upstream raw materials have been falling since late May, the weak demand for cyclophosphoric resin caused the focus of the negotiations down to 10300-10500 yuan / ton, reaching the lowest since 2009 Point, the market has more price-free market, factory quotations of some manufacturers have fallen below the million mark. The other raw material, bisphenol A, is similarly low in popularity. Under the influence of phenol ketone price cuts, the price has fallen below the 12,000 yuan/ton mark. Double raw materials are difficult to pick up, the cost of epoxy resin is worsened, and the overall epoxy trend is decreasing. The downstream demand for epoxy resin has not substantially improved since the beginning of the year, and powder, electronics, and copper clad laminates are all weak and difficult to adjust. With the arrival of the industry's traditional off-season, the market is even weaker under multiple bearish conditions. End-users are cautiously pursuing on-demand purchases. The willingness to open warehouses is low, and the market volume is difficult to effectively amplify, making the bidding phenomenon among resin manufacturers more serious, especially with solid resins, and individual small-scale plants continue to play “ultra-low-priced cardsâ€. Some low-quality products were reported to 14,500 yuan/ton.
Liquid resins are also difficult to escape from difficulties. Shipments at the factory are more difficult, stocks are digested slowly, and the focus of negotiations is on the move. Downstream users do not buy or buy, and promotion policies are not effective. The device in the industry has always been operating at a low level, and the market's pessimistic attitude is difficult to repair.
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