The domestic epoxy resin market continued to decline. After being driven higher by the cost side in the early stage, the overall epoxy resin market declined as the raw materials went down and its own demand was difficult to improve. The negotiated price in the East China market is 15300-15800 yuan/ton, and the Huangshan solid epoxy resin market is 14400-14800 yuan/ton, with a decline of 300-500 yuan/ton in the week.

From the perspective of raw materials, the bisphenol A market fell slightly last week. As of the 13th, the reference price of bisphenol A in East China was 9950-10000 yuan/ton, and the bisphenol A market in North China was discussed at 9850 yuan/ton, with a drop of about 200 yuan/ton in the week. The bisphenol A plant has a high operating rate, and the overall market supply is sufficient. The key is that the downstream epoxy resin and PC market is down, and the demand for raw materials is light. Under the pressure of shippers’ shipment, the market center of gravity has gradually declined. At present, it has been at the cost line of 10000 yuan/ton, and the short-term BPA has been adjusted in a weak way, with clear news.

The raw material epichlorohydrin market fell slightly. The reference price in the East China market was 8700 yuan/ton, and fell about 300 yuan/ton in the week. The epichlorohydrin market continued to decline. The slight support on the cost side was mainly due to the sluggish downstream market, the scarcity of raw material procurement, and the current industry operating rate remained around 60%.

The rise of international oil prices has driven up the prices of phenolic ketones, propylene and other products in the upstream of the industrial chain, but has little impact on the terminal epoxy resin market. From the perspective of the epoxy resin industrial chain, it is also difficult to form support on the cost side. In the case of insufficient downstream orders, small purchase orders and sufficient market supply, the epoxy resin market may still decline slightly.