Since the overall increase in the epoxy resin market supported by raw materials in August, major enterprises have raised prices multiple times under cost pressure, and entered a state of continuous cost support in September, where the overall situation showed a first rise followed by a high adjustment. As of August 28, the liquid epoxy resin market in East China had been delivered at 14900-15400 yuan/ton of purified water, and the solid epoxy resin market in Mount Huangshan had been negotiated to be delivered at 14700-15200 yuan/ton in cash.

In September, the domestic bisphenol A market continued its strong rise in August, with market prices exceeding 12000 yuan/ton. In the middle to early ten days, the main focus of the phenol/acetone market in the upstream of the industrial chain was upward, with high support. In addition, the shortage of spot resources in the supply side market and the shortage of inventory in factories led to continuous increases in listing prices. However, in the last week at the end of the month, due to the negative impact on the cost side, bisphenol A turned around and fell significantly to around 11300-11550 yuan/ton. According to the Commodity Analysis System of Business Society, the bisphenol A market rose by 5.54% in September, with an amplitude of 10.5%, showing an overall trend of rising before falling.

The market price of epichlorohydrin slightly increased in September. In the first half of the month, the price of raw material glycerol was mainly stable, while the price of raw material propylene fluctuated slightly, with some support for cost. The industry’s capacity utilization rate was below 50%, and some enterprises had no inventory pressure. Downstream inquiries into the market increased, driving the steady increase in enterprise quotations. In the second half of the month, the price of raw material glycerol fell, while the price of raw material propylene declined narrowly. Cost support was weak, and supply side support remained. After downstream restocking, small orders mainly needed to be priced and followed up. As the holiday approached, market trading slowed down, and the focus of negotiations was mainly on stability.

From the perspective of the business community, the epoxy resin market has undergone a wide adjustment, with the East China liquid resin market ranging from 14700 to 15300 yuan/ton, mainly due to changes in dual raw materials.