Solid epoxy resin keep crazy rising

The price creats a nearly 15-years new high

1. Market situation

Double raw material prices remain high, different ranges of rise, cost pressure intensified.Last week, domestic epoxy resin wide stretch, solid and liquid resin a week up to more than 1000 yuan.  see below for details:

2020-2021 EPOXY RESIN INDUSTRY CHAIN PRODUCT PRICE TREND

DATA SOURCE：CERA/ACMI

2. Price Were

BPA：

DATA SOURE：CERA/ACMI

Device condition: the domestic bisphenol A device generally runs normally, and the load continues to be high, at about 90%.

Epoxy Chloropropane：

DATA SUORCE：CERA/ACMI

Device condition：Shandong Xinyue device has not been restored, and the operating rate of the industry is about 40-50%

Epoxy Resin：

Data source：CERA/ACMI

Price: Last week, the domestic epoxy resin market increased broadly. As of March 26, the negotiated price of East China liquid resin was around 33,300 yuan/ton (shipped in barrels).The price of solid epoxy resin is around 27,800 yuan/ton (acceptance sent).

Weekly domestic epoxy resin high rise operation.Cost support industry mentality: week to push up the raw material epichloropropane, another raw material bisphenol A prices tight, in the cost side support strength further enhanced, week to follow the resin factories push up raw materials, especially solid resin push up positive.At present, the high price of solid epoxy resin has surged up to 28,000 yuan/ton, easily breaking through the high price of 26,000 yuan/ton in 2007 or so, and the price has reached a new high in nearly 15 years.

Although the current bisphenol A “sky-high price”, but the liquid resin is still profitable, last week in East China liquid epoxy resin average cost of 28,000 yuan/ton, profit in 4-5K/ ton or so.

The high price of bisphenol A on solid resin is relatively large, last week, the average cost of Huangshan solid resin in 26,000 yuan/ton or so, the profit is small, the price still has room to rise, do not rule out will continue to rise, as for the market can really “run 30″, we wait and see.

At present, there are two different voices in the market: one is bullish, from April to May, A number of domestic and foreign BPA factory maintenance, BPA price is difficult to adjust, the price of epoxy resin with the rise of BPA;The second is bearish, the current epoxy resin and bisphenol A has reached the “sky high price”, the downstream suffering, only to maintain the need to purchase just.As the epoxy resin market gradually into the off-season, the price will gradually back.

Device: liquid resin overall normal operation, operating rate of about 80%;Solid epoxy resin is affected by the high price of raw material bisphenol A, the operating rate continues to be low.

3.Last week’s price reference

DATA SUORCE：CERA/ACMI