In general, although the products related to powder coatings will fluctuate in a short period of time, due to weak demand and production cost support, the prices between May and June remained stable or slightly increased. It is expected that when the epidemic situation turns good, the price of raw materials such as TGIC HAA polyester resin will increase smoothly after the central government's measures to stabilize the economy and ensure growth are put in place.
- TGIC price trend
On May 11th, after a period of silence, the price of TGIC in China rose locally this week, with some manufacturers increasing as much as 0.4 USD /kg. However, considering the weak market demand, the gradual downward adjustment of oil prices, and the decline of the RMB exchange rate, TGIC has little room to rise before June.
As I have been analyzing before, at present, the general profit of TGIC factories is very low, close to 10%. Relatively speaking, the price is at the bottom, so it is possible to purchase in advance in an appropriate amount on demand.
- HAA price trend
The price of ethylenediamine, the main raw material of HAA, is stable at present. With the preparation of RMB, the export price will decrease steadily in the next 1-2 months, so it can be purchased on demand.
- Price Trend Judgment of Titanium Dioxide
On May 11th, the domestic titanium dioxide market declined slightly, but the overall price was stable.
At present, the trading situation in the domestic market in general, and traders are more cautious in taking goods, mainly purchasing on demand. In yesterday's lomonbillions Enterprise Meeting, the sales price of titanium dioxide remained stable this month.
At present, the enterprise cost is still under great pressure, the market price is firm, and the actual transaction price is single. The latest price of rutile titanium dioxide is about 20,950 yuan/ton, equivalent to FOB $3,120/kg. It is expected that the titanium dioxide market will run steadily in the short term.
- Polyester Resin Price Trend
As of May 11th, the market price of polyester resin has not increased for the time being, but it is rumored that the market needs to pay attention to the price increase of raw materials in the later period.
If there is a purchasing demand, you can place an order in advance to prevent a sudden price increases. This is mainly related to the insufficient supply of isobutyraldehyde, the upstream raw material of polyester resin. In fact, because isobutyraldehyde is only a by-product in the production of butyl octanol, the main domestic chemical enterprises are basically in a situation of oversupply of butyl octanol, so the expansion of isobutyraldehyde production is restricted, and it is difficult for isobutyraldehyde to expand directly like TGIC. Therefore, the supply of isobutyraldehyde has been very tight in recent years, and the situation is difficult to solve in a short time. It will be bullish for some time to come.
Epoxy Resin
Price TrendBisphenol A, the main raw material of epoxy resin, rose slightly this week, and epichlorohydrin rose rapidly by 6% this week after the raw material propylene/glycerin stopped falling and rebounded.
As the upstream raw material cost support and downstream demand began to increase, resin manufacturers have strong price expectations. However, considering that the demand side has not improved, there is relatively limited room for the price increase at present.The quotation of solid epoxy resin E12 is about FOB $3,135 ~ $3,200/ton; The quoted price of liquid epoxy resin E51 is about $3650-$3700/ton.
In general, although the products related to powder coatings will fluctuate in a short period of time, due to weak demand and production cost support, the prices between May and June remained stable or slightly increased. It is expected that when the epidemic situation turns good, the price of raw materials such as TGIC HAA polyester resin will increase smoothly after the central government's measures to stabilize the economy and ensure growth are put in place.