With the production recovery of factories in the cities which had been limited for the Omicron, it is believed the epoxy resin market will be rising steadily slowly.
In terms of raw materials, bisphenol A and ECH, as the main raw material of epoxy resin stabilized or decreased slightly. This week, under the maintenance of one big bisphenol A factory, bisphenol A rose slightly and then stabilized later, Epichlorohydrin rose some two weeks ago after the close of one big ECH factory in Jiangsu, and return a little last week.
Although the production cost of epoxy resin has decreased, the price of epoxy resin is at a low level at present, and manufacturers tend to keep pushing up. The liquid epoxy resin was slightly raised with the rising raw materials.
In terms of epoxy resin products, this week, the epoxy resin market was stable. As of April 15th, the reference price of East China liquid epoxy resin E-51 was 25,600 yuan/ton, and that of solid epoxy resin E12 was 22,700 yuan/ton. The overall operating rate of liquid resin is about 50%; The operating rate of solid resin is about 40%.
It is worth mentioning that TGIC products are also included. Because the epidemic suppresses the demand, TGIC manufacturer factories generally have pressure to sell products. With the slight reduction of ECH prices, some TGIC factories lowered their ex-factory prices, but the decrease was little for high production costs.
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