What's the trend of Raw material related to powder coating recently?

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Recently people asked me lots about the trends of raw materials related to powder coating products, while I'm a little cautious talking about this topic. I don't think there are too many supporting the price keeps going down too much. Oil prices keep going up and global inflation increases the production cost. Strict environmental policy and carbon emission control policy will cut supply. Once the requirement increases, it will be surprised to me to see the raw material related to powder coating rise in the long term.

The policy of suppressing real estate still hasn't disappeared, so the demand for powder coatings related to real estate temporarily disappeared, the demand for related raw materials was weak, and the price dropped. But once the domestic demand rises, I believe that the price of raw materials will return to a reasonable position.

Below is an article from the Internet to share, just for your reference.

Operation and trend analysis of main raw materials of powder coatings in November 

1. TGIC curing agent 

Since the beginning of this month, the price of epichlorohydrin has been declining weakly. Most of the epichlorohydrin production enterprises started stably, and some devices were restarted or the load dropped slightly. The spot supply in the market was sufficient, and the inventory was abundant. The price of ECH showed a downward trend. 

Recently, due to the fluctuation of upstream raw material prices and the decline of downstream customers' demand, the whole market demand of TGIC has not obviously improved. In the short term, the market supply of TGIC is relatively stable, while the domestic downstream market demand is weak, with no obvious improvement, and most of them just need to purchase. It is expected that the price of TGIC curing agents will be stable or bearish from the end of November 2021 to the beginning of December 2021.  

2.HAA curing agent  

On Tuesday, the downstream demand of ethanolamine was weak, and the supply of the low-end goods appeared one after another. The actual demand of diethanolamine is unstable, and most buyers are mainly on the sidelines, with less willingness to actually purchase; At present, in the state of declining price, the market inquiry enthusiasm is weak, and it is expected that the market price of ethanolamine will decline in the short term. 

With the recent decline of upstream raw materials and the demand of downstream customers in the market is mainly just needed, the demand has not improved significantly, and the market supply of HAA curing agent continues to be normal. It is expected that the price of HAA curing agent will be stable or bearish from the end of November 2021 to the beginning of December 2021. 

3. Titanium dioxide 

The trend chart of commodity index of titanium concentrate in the past three months is as follows:  This week, the domestic titanium concentrate market is consolidating and running, and the price is stable. As of Thursday, some mining enterprises with limited start-up in the early stage have resumed production, but the downstream demand is still weak, and it is stable or bearish in early December.

The domestic sulfuric acid market is still in a state of continuous weakness, with local rising slightly against the trend, but it does not change the overall bearish trend. 

In November, the domestic titanium dioxide export market was relatively stable, the overall demand of downstream customers was weak, the factory inventory was not much, most orders were placed before delivery, and the follow-up orders were insufficient. It is expected that the price of titanium dioxide will be stable or bearish from the end of November 2021 to the beginning of December 2021.

 

4. polyester resin 
The market price charts of PTA and NPG, the main raw materials of polyester resin, are as follows: Recently, the international crude oil price continues to weaken.
With the decline of PTA price, the market spot supply is sufficient, but the downstream polyester demand weakens, and it is expected that PTA market will be weak in the short term.

The price of isobutyraldehyde, the upstream raw material of neopentyl glycol, continues to decline. With the rapid decline of the market, there is no inventory pressure, and the purchasing intention of downstream demand is not high. It is expected that the price of NPG will be weak in the short term. 

Most of the downstream demand is just purchasing, and there are not many orders from polyester factories, which gradually enter the off-season. It is expected that the price of "polyester resin" will be stable or bearish from the end of November 2021 to the beginning of December 2021.  

5. Epoxy 

The market price charts of the main raw materials of epoxy resin "epoxy chloride" and "bisphenol A" are as follows:  Recently, the downstream demand for epichlorohydrin has been declining continuously, the new orders from manufacturers are weak, the price of upstream raw material glycerin has fallen in a narrow range, and some glycerol epichlorohydrin plants have plans to reduce the load. It is expected that the price of epichlorohydrin will be weak in the short term. Domestic enterprises of bisphenol A overhaul equipment have resumed construction one after another, but the inventory pressure of manufacturers is not great. Coupled with the delayed arrival time of some imported goods in Hong Kong, the spot resources of bisphenol A are relatively concentrated, the profit of downstream PC industry has improved, the industry start-up load rate has slowly increased, and the demand for bisphenol A has increased. It is expected that the price of bisphenol A will mainly fluctuate in the short term. Most manufacturers of epoxy resin are still mainly delivering early orders, and the demand is weak. It is expected that the price of "epoxy resin" will be stable or bearish from the end of November 2021 to the beginning of December 2021. 

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To contact the author for more details：

Bruce Wong marketing and developing manager

Cell: +86 13951823978 (WeChat, WhatsApp, skype)

Emil: achemsuppliers@gmail.com

website: http://www.heruchem.com/EN/

Personal website： www.linkedin.com/in/chemsupplier

Niutang TGIC Production base： Anhui Hungzer new material technology Co., Ltd (New Niutang factory in Anhui province.

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