1、 Price trend

According to the data of business club’s block list, the domestic propylene (Shandong) market price rose at the beginning of this week, and then fell slightly and remained stable. The weekly low price was 7466 yuan / ton at the beginning of this week, and the weekly high price was 7486 yuan / ton at the weekend, with a weekly increase of 0.28%; the weekly high price was 7495 yuan / ton on Tuesday and Wednesday, with a weekly amplitude of 0.40%.

2、 Analysis and comment

According to the price chart of the business club, the propylene price declined all the way at the end of December, and began to rise on New Year’s day. It rose by about 100 yuan / ton on the 4th. Later, it was stable or rose, and the overall rise was ladder like. This month, it has risen by about 250-300 yuan / ton. Today, it continues to decline. The market transaction is still between 7450-7650 yuan / ton, and the mainstream price is about 7450 yuan / ton. Now the factory has no pressure on inventory, and the delivery is smooth.

On January 21, crude oil prices fell slightly, with limited impact on propylene.

This week, the spot price of PP was stable after rising, with a weekly increase of 2.68%. The market of PP futures was general, the profit margin of powder factory was improved, and the load was increased, which had a slightly positive impact on propylene.

Acrylic acid market rose slightly this week, up 0.35%, with limited impact on propylene.

Propylene oxide market fell significantly this week, with a weekly decline of 6.27%, which has a certain suppression effect on propylene.

Epichlorohydrin fell slightly this week and then stabilized, with a weekly decline of 1.92%, which had a small negative impact on propylene.

This week, the domestic n-butanol price rebounded after the decline, with a weekly increase of 1.67% and a weekly amplitude of 3.40%, which had a slightly positive impact on propylene.

This week, the market of isooctanol was stable after the decline, with a weekly decline of 4.19%, which had a certain negative effect on propylene.

Isopropanol market continued its upward trend at the beginning of this week, then stabilized and fell slightly, with a weekly increase of 13.25% and a weekly amplitude of 17.52%, which had a certain positive impact on propylene.

This week, phenol in East China rose slightly and then fluctuated and stabilized, with a weekly increase of 1.99% and a weekly amplitude of 2.32%, which had a slightly positive impact on propylene.

This week, acetone in East China rose sharply and then stabilized, with a weekly increase of 13.98% and a weekly amplitude of 14.83%, which had a significant positive effect on propylene.

3、 Future forecast

Propylene analyst of business society chemical branch thinks: Overall, there is no pressure on current inventory, crude oil price fluctuates slightly, downstream polypropylene futures market is general, operating rate rises slightly, trading picks up, and downstream market is more favorable than negative, so it is expected that propylene price will continue to fluctuate in the near future, and the possibility of rising volatility can not be ruled out.

According to the data monitoring of the business agency, as of January 21, the average factory price of butanone in the domestic market was 6800 yuan / ton. Compared with the price on January 18 (6900 yuan / ton), the average price decreased by 100 yuan / ton, or 1.45%; compared with the price at the beginning of the month (7500 yuan / ton on January 1), the average price decreased by 700 yuan / ton, or 9.33%.

Weak demand for butanone continued to fall in January

After the new year’s Day festival in January, the overall trading atmosphere of China’s domestic butanone market was cold. Before the festival, the phased purchase of butanone in the downstream was over. The shipment in the secondary market was slow and there were not many new orders. The operating rate of the downstream terminal manufacturing industry of butanone was declining, the demand was weak, and the overall inventory pressure of the factory was relatively high. The butanone market continued to fall from the post festival to the middle of January. On the 13th, the average reference price of domestic butanone fell To 6900 yuan / ton, compared with the beginning of the month, the average price was reduced by 600 yuan / ton, and then the market was weak and the consolidation operation lasted for nearly a week. Entering this week, on the 19th, some factories in Shandong again slightly reduced the ex factory price of butanone by 100-200 yuan / ton. To the low-end quotation of butanone, the reference price was 6400-6500 yuan / ton. After hearing that the price was reduced, the factory’s shipment was smooth and the spot supply was tight. Most of them were customers with orders in the early stage. Then on the 24th of this weekend, the domestic butanone market was weak and stable as a whole, the overall inventory pressure in the factory was still not small, there were not many new orders in the market, the demand for downstream procurement was rigid, and the mainstream quotation was 6800-7200 yuan / ton.

As of January 21, the average factory price of domestic butanone market was 6800 yuan / ton, which decreased by 100 yuan / ton or 1.45% compared with the price on January 18 (6900 yuan / ton), and 700 yuan / ton or 9.33% compared with the price at the beginning of the month (7500 yuan / ton).

In terms of export, it can be seen from the figure that China’s butanone export volume will continue to increase from 2016 to 2020. In 2020, China’s butanone exports are mainly in Asia, and the first exporting country is Vietnam, which is mainly affected by the rapid development of Vietnam’s manufacturing industry. The second export area is Taiwan, but Taiwan mainly exports to Europe. Most of the other export destinations are South Asian countries, among which more and more small South Asian countries increase their purchase orders year by year. In 2020, butanone will be more dependent on exports, accounting for 34% in 2019 and 45% in 2020, with a full increase of 11%. But it is also caused by a series of chemical reactions brought about by this year’s epidemic, resulting in the accelerated weakening of domestic demand and the reduction of international production. The actual export dependence, which has risen by 5% this year, is relatively in line with the market. In terms of the export competition of butanone in China, the main competitor is Japan. After the signing of RCEP, China’s butanone has a certain international price advantage, with an increase of about 5% in 2021.

Short term multi weak finishing operation of butanone

Since 2021, the domestic butanone market has not shown any signs of recovery. Without the increase of downstream demand, it is expected that the butanone market will continue to be weak and stable in the short term, and more attention should be paid to the market volume.

In terms of demand, due to energy consumption, environmental protection and other factors, the related industries in some areas of China have reduced production or even shut down in winter, resulting in weak seasonal demand. Market trading performance is not good, multi-dimensional enterprises hold rigid demand procurement, market support is weaker than the previous period. There is a certain expectation of replenishment before the Spring Festival in the downstream, but there are not many orders and the finished product inventory is high, so the willingness to stock up is not strong. It is estimated that the natural rubber market is difficult to maintain a strong operation situation, and there is a great possibility of shock consolidation or a slight downward trend. However, the effect of supporting the end consumer market is obvious, and the key position of early breakthrough is also supported.

Tire start to off season

Affected by the logistics block and environmental protection policy, the operating rate of domestic tire factories decreased significantly, and the downstream demand of natural rubber turned to the off-season. By the beginning of 2021, the start-up load of all steel tire was 55.71%, a year-on-year decrease of 8.31%; the start-up load of semi steel tire was 55.94%, a year-on-year decrease of 14.79%. The emergency response mechanism of heavy pollution weather in winter was launched, and tire enterprises in Shandong, Henan and Jiangsu regions reduced production and stopped production; the short-term shipping market was tight, and tire export was restricted by logistics; the epidemic situation in Europe and the United States intensified, and the demand was worried, and the import processing export drive was not enough; the terminal purchasing enthusiasm was poor, and the inventory of traders increased, so tire start-up was difficult to return to normal Level. Pay attention to the arrangement of stopping production and returning to work

The downstream tire enterprises of natural rubber are in the traditional off-season, and the schedule of stopping production and resuming work before and after the Spring Festival affects the progress of demand recovery. China’s tire manufacturing industry is mainly distributed in Shandong Province, especially in Dongying City. The local epidemic prevention and control work conference stressed that in order to ensure a good start to the economy in 2021, enterprises should be encouraged not to stop production as much as possible during the Spring Festival, and to stop production as short as possible during the Spring Festival. Those who stop production should make a plan to resume production in advance, so as to ensure that they can quickly return to the pre festival production level after the Spring Festival. According to the survey feedback of Longzhong information, the production stop and holiday plans of mainstream tire factories are relatively conservative. In view of Dongying City’s encouragement of non-stop production during the Spring Festival, most factories said that they would guide migrant workers to stay in the local area for the Spring Festival if conditions permit according to the production situation and personal wishes. According to the current situation, some tire enterprises are scheduled to reduce production and burden in late January or early February. Only a few enterprises have the phenomenon of workers returning home, and most of the factories have normal production scheduling. However, after the festival, the tire factory started to recover rapidly, facing the problem of insufficient order follow-up, increasing pressure on domestic sales and delivery, poor delivery in export transportation, and enterprises have concerns about the accumulation of inventory pressure in the later period. In any case, it is estimated that before and after the Spring Festival in 2021, China’s tire industry will not face the problem of recruitment difficulties due to the epidemic situation, which will lead to the delay in starting work and can not be upgraded to the normal level.

Auto market rebounded

According to the statistics of China Automobile Industry Association, in December 2020, the sales volume of the national automobile industry is estimated to be 2.82 million vehicles, with a year-on-year growth of 5.4% and a month on month growth of 1.2%; in terms of market segments, the sales volume of passenger cars increased by 5.9% and the sales volume of commercial vehicles decreased by 4.4%. In 2020, the cumulative sales of China’s automobile industry reached 25.272 million units, a decrease of 1.9% over the previous year, in which the sales of passenger cars decreased by 6.1%, and the sales of commercial vehicles increased by 18%.

Affected by the automobile market cycle and public health events, the overall operation result of China’s automobile market will still record negative growth in 2020. However, with the continuous efforts of various consumption promotion policies, such as expanding domestic demand, automobile production and sales have all stopped falling, stabilized and rebounded, showing positive growth for nine consecutive months and reaching a new high this year. However, in 2020, the global passenger car tire matching and replacement market both fell sharply year on year, even the Chinese market can not save the decline of passenger car tire sales, domestic sales and exports are shrinking to a certain extent. The above facts show that there is a significant differentiation in the segmentation market of China and even the global automobile market. Although the passenger car market has a large base, the growth rate of production and sales and the consumption of rubber tires are lower than that of the commercial vehicle market. Therefore, we should focus on the changes in the downstream core demand of natural rubber.

Heavy truck sales record

According to the data of the first commercial vehicle network, in December 2020, China’s heavy truck market is expected to sell about 114000 vehicles of various types, with a month on month decrease of 16% and a year-on-year increase of 24%. In view of the seasonality of the industry, this figure is not very high in the whole year, but it still sets a new record of monthly sales of heavy truck industry in the same period, exceeding the previous high of about 22000 vehicles. Since the recovery of domestic economy in April 2020, the heavy truck industry has hit a new high in monthly sales for nine consecutive times. Stimulated by a series of favorable factors, the total sales volume of the National Heavy Truck Market in 2020 will finally reach an unprecedented 1.623 million, accounting for about 70% of the global heavy truck sales volume, a substantial increase of nearly 450000 or 38% over the previous year’s 1.174 million, which is a milestone in the history of the heavy truck industry.

Just need bottom support

On the whole, the downstream demand of the rubber industry chain is difficult to recover significantly in winter, and the year is approaching. In the later stage, attention should be paid to the time arrangement for tire enterprises to stop production and take holidays. Although the demand has entered a seasonal low, the industry law is well known, and the expectation of the market should not be regarded as additional bad news. Before the Spring Festival, the manufacturers’ demand for goods still exists, the domestic rubber continues to be in the state of destocking, and the downstream moderate bargain hunting can form a certain support for the price. 70% of the direct demand for natural rubber is tire manufacturing industry, and the terminal consumption is the automobile market. The focus is on the matching tires and replacement tires required by commercial vehicles, especially heavy trucks. This part supports the most important demand increment of natural rubber downstream in China and even in the world.

Spot aluminum price callback 13.55%

According to the data of business news agency, on January 20, 2021, the average market price of domestic standard aluminum ingots in East China was 14776.67 yuan / ton, a decrease of 6.04% compared with 15726.67 yuan / ton at the beginning of the month (January 1), and a decrease of 13.55% compared with the peak market price in 2020 (December 2), 17093.33 yuan / ton.

The current price is close to the mid to late October 2020 aluminum ingot price range.

Overview of aluminum ingot Fundamentals

1. Import and export data

According to the data of the General Administration of customs, the annual export volume of unwrought aluminum and aluminum products in 2020 was 4857434.8 tons, a decrease of 15.2% compared with that in 2019; China’s export volume of unwrought aluminum and aluminum products in December was 456130.4 tons.

2. List of production capacity, output and operating rate in December

According to statistics, the operating rate of electrolytic aluminum has been rising slowly since May 2020. In December, the production capacity is around 39 million tons, and the operating rate is about 90%, which is at a high level in nearly 10 years. In December, the domestic electrolytic aluminum output was about 3.3 million tons, up 8% year on year.

3. The social inventory of aluminum ingots rebounded slightly

On January 14, the social inventory of domestic aluminum ingots was 68.4 tons, an increase of 20000 tons over last week. The social inventory of 6063 aluminum rods in Foshan, Wuxi, Nanchang, Changzhou and Huzhou was 82700 tons, 3000 tons less than last week.

4. One of the domestic terminals: the trend of automobile production and sales data in 2020 is good

According to the data of China Association of automobile industry, in 2020, the annual production and sales of automobiles will be 25.525 million and 25.311 million respectively, with a year-on-year decrease of 2% and 1.9% respectively, and the decrease rate will be 5.5% and 6.3% lower than that of the previous year. The production and sales of new energy vehicles were 1.366 million and 1.367 million respectively, with a year-on-year growth of 7.5% and 10.9% respectively, and the growth rate changed from negative to positive compared with that of the previous year. Among them, China’s car sales in December were 2.831 million, a year-on-year increase of 6.4%, and the sales of new energy vehicles in December were 248000, a year-on-year increase of 49.5%.. In addition, according to the data of the passenger Federation, the annual wholesale sales of domestic narrow sense passenger cars in 2020 will reach 19.763 million, a year-on-year decrease of 6.3%. The top three are FAW Volkswagen, SAIC Volkswagen and SAIC GM. Market sales exceeded expectations, reflecting the industry’s steady recovery after two consecutive years of decline.

Influencing factors of future trend of aluminum ingot

1. The consumption of aluminum ingots is expected to weaken in the early stage of the Spring Festival. Affected by the shutdown factors in the downstream of the Spring Festival holiday, the consumption of aluminum ingots may have a slight drop. At present, the domestic social inventory of aluminum ingots has been slightly accumulated, although the range has slightly slowed down, it may continue in the short term.

2. The domestic new production capacity is not much, the profit of electrolytic aluminum is relatively high in the early stage, the internal and external prices are upside down, and the demand for imported aluminum ingots is strong. Although the aluminum price falls, the short-term operating rate is greatly reduced, and the change probability is small, and the domestic supply is relatively stable.

3. In the aspect of investment, the total position of Hulai shows a trend of stopping falling and stabilizing, the willingness of long stop earning weakens, and the long short game is stalemate.

Future conclusions

On the raw material side, affected by the rising price of steam coal, the cost side is better than the price of aluminum ingot to a certain extent. Based on the sharp reduction of current profits, the impact factor of cost side is larger than that in the earlier stage; however, near the Spring Festival, the impact of production restriction, electricity restriction and gas restriction has expanded, the downstream construction has gradually declined, and the downstream consumption has weakened at the end of the year, which is bad for the aluminum price. Aluminum price is expected to remain weak in the near future, but the consolidation probability will increase.

1、 Formic acid price trend

(Figure: p-value curve of formic acid product)

2、 Market analysis

Recently, the domestic industrial grade 85% formic acid market has been running smoothly. According to the data of the business club’s block list, as of January 19, the average quotation price of formic acid enterprises was 2650 yuan / ton, which was flat compared with last Tuesday (January 12), increased by 15.22% compared with December 19, and increased by 22.31% compared with the same period last year. Recently, the domestic industrial grade 85% formic acid market remained stable as a whole, and the manufacturers and dealers generally maintained that there was no obvious price adjustment in the early stage, but the price was still at a high level compared with the same period last year. According to the monitoring data of the business association, the price of formic acid of some enterprises is summarized as follows: the quotation of industrial grade 85% formic acid of Zhangzhou San’an Chemical Co., Ltd. is 2600 yuan / ton, that of Zibo Pulis Chemical Co., Ltd. is 2550 yuan / ton, and that of Jintan local Industrial Supply and Marketing Co., Ltd. is 2800 yuan / ton. The spot price of merchants follows the market, The actual transaction price is mainly through negotiation.

For upstream caustic soda, on January 19, the price of caustic soda in Shandong Province was temporarily stable. The mainstream ex factory price of 32% caustic soda was 400-530 yuan / ton, and the downstream purchase demand was general. There was a certain conflict with the current price of caustic soda, and it was expected that the follow-up or narrow range of caustic soda would be weak. For upstream liquid ammonia, according to the monitoring data of the business community, as of January 18, the average price quoted by enterprises was 3343.33 yuan / ton, up 1.62% compared with the beginning of the month; For upstream sulfuric acid, the market of sulfuric acid in Shandong Province was temporarily stable on January 19. The recent high price of sulfur in the upstream was consolidated, and the cost support was good. However, the downstream purchasing enthusiasm was general, the supply of sulfuric acid was normal, and the ex factory price of sulfuric acid in the future fluctuated slightly. For upstream methanol, according to the monitoring data of business society, the average price quoted by enterprises was 2362.50 yuan / ton as of January 19, up 2.27% compared with the beginning of the month.

According to the price monitoring of the business community, on January 18, 2021, 25 kinds of commodities rose in the chemical industry sector, of which 3 kinds of commodities rose by more than 5%, accounting for 3.3% of the number of commodities monitored in the sector; the top 3 commodities were bisphenol A (6.68%), DMF (6.12%) and formaldehyde (37%) (5.46%). A total of 14 kinds of commodities declined month on month, with propane (- 4.04%), hydrogen peroxide (- 3.31%) and chloroform (- 3.03%) as the top three products. The average daily rise and fall was 0.36%.

3、 Future forecast

Business community formic acid analysts believe that in the near future, the cost side support is general, downstream on-demand procurement, the overall market volatility is not big, manufacturers and dealers mainly maintain stability and wait-and-see, it is expected that in the short term, formic acid market will be mainly stable, more attention should be paid to market information guidance.

1、 Price trend

The comprehensive price of potassium chloride rose slightly this week. The average price of mainstream comprehensive quotation of potassium chloride this week rose from 2160.00 yuan / ton at the beginning of the week to 2175.00 yuan / ton at the end of the week, up 0.69%. Overall, the potassium chloride market rose this week, with the potassium chloride commodity index at 69.05 on January 15.

2、 Market analysis

This week, the quotation of mainstream potassium chloride manufacturers Rose: the ex factory quotation of Qinghai Salt Lake potassium chloride at the weekend was 2050 yuan / ton, which was 30 yuan / ton higher than that at the beginning of the week; the distribution quotation of Anhui Badou potassium chloride at the weekend was 2300 yuan / ton, which was temporarily stable compared with that at the beginning of the week. The actual turnover of potassium chloride market this week is not good. On the whole, the main contradiction of the market is that supply exceeds demand, the trading atmosphere is cold, downstream purchasing is just in demand, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride market is stable.

3、 Future forecast

In late January, the overall trend of potassium chloride market was mainly small fluctuation. The KCl market is facing the pressure of three big mountains, namely, Hong Kong’s large stock, weak demand and downward international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. KCl analysts of business society believe that under the influence of supply and demand, raw materials and other aspects of the short-term KCl market, the KCl market may be dominated by high consolidation.

1、 Nitric acid market price trend chart

Nitric acid price curve

According to the monitoring of business agency, the average price of nitric acid in domestic areas this week is 2050 yuan / ton, and the quotation is temporarily stable.

2、 Market analysis

Anhui Jinhe quoted 1950-2000 yuan / ton, which was the same as last week; Shandong helitai Chemical Co., Ltd. quoted 2200 yuan / ton, which was the same as last week; Wenshui Synthetic Chemical Co., Ltd. quoted 1950 yuan / ton of concentrated nitric acid, 810 yuan / ton of dilute nitric acid, which was the same as last week; Shaanxi Xinghua Chemical quoted 1900 yuan / ton of concentrated nitric acid, which was the same as last week. Near the Spring Festival, the market demand of nitric acid is general, and the quotation of manufacturers is stable.

The average price of upstream liquid ammonia in Shandong this weekend was 3326 yuan / ton, up by 1.84%; the average price of downstream aniline in domestic market this week was 6040 yuan / ton, according to the data of business agency, and the quotation was temporarily stable. The average price of downstream TDI in East China this week is 12666 yuan / ton, with stable quotation.

3、 Future forecast

Nitric acid market demand is weak and stable, nitric acid analysts of business community predict that the price of nitric acid is mainly stable.

1、 Price trend

According to the data of business club’s block list, on January 15, the average ex factory price of powdered monoammonium was 2084.67 yuan / ton, and on January 11, the average ex factory price of powdered monoammonium was 2083 yuan / ton, with an increase of 0.06% and a year-on-year increase of 10.3%

According to the data of the business club’s block list, on January 15, the average ex factory price of 64% diammonium was 2440 yuan / ton, and on November 11, the average ex factory price of 64% diammonium was 2440 yuan / ton, with an increase of 0.00% and a year-on-year increase of 10.91%

2、 Market analysis

The price of map fluctuated slightly this week. The price of 55% ammonium powder in Anhui Province is 2050-2100 yuan / ton, and the start-up is stable. In Hubei Province, 55% of the factory price of ammonium powder is about 2000-2100 yuan / ton, and 58% of the factory price of ammonium powder is 2150-2200 yuan / ton. The market in Henan maintains stable operation. 55% of the price of powdered ammonium is about 2000 yuan / ton, and the start-up is stable. The price of 55% ammonium powder in Shandong Province is 2100-2150 yuan / ton, which is stable. The ex factory price of 55% ammonium powder in Sichuan is about 2000-2100 yuan / ton.

This week, the price of DAP kept stable. The price of 64% diammonium in Hubei Province is 2450-2500 yuan / ton. The price of 64% diammonium in Gansu Province is 2500-2650 yuan / ton. The price of 64% diammonium in Yunnan is 2750-2900 yuan / ton. The main price of 64% diammonium in Guizhou is 2850 yuan / ton, and the first arrival price of 64% diammonium in Heilongjiang is about 2850-2890 yuan / ton.

At present, the domestic phosphorus ore market is generally stable, with downstream procurement being cautious. The tide of stock preparation before the festival does not appear, and there are not many new orders. It is heard that some mines will reduce the operating rate in the near future and keep the mass production conservative. Therefore, the phosphorus ore analysts of the business community believe that the phosphorus ore market will be mainly stable in the near future.

3、 Future forecast

Analysts of ammonium phosphate of business news agency believe that at present, with the increase of raw material price and the increasing support of cost, combined with the improvement of the enthusiasm of downstream compound fertilizer preparation, moderate replenishment mainly promotes the slight rise of the price of monoammonium phosphate, and it is expected that the price of monoammonium phosphate will continue to rise in the short term. The tight supply of DAP in the yard continued, the raw materials went up, and the demand for winter storage was stable. Supported by the favorable situation, DAP showed a strong trend and is expected to continue to rise steadily.

Trade name: br 9000

Latest price (January 18): 11420.00 yuan / ton

Key points of analysis: according to the monitoring of business news agency, the domestic price of cis-1,4-polybutadiene rubber was 11420.00 yuan / ton on the 18th, up 3.16% from the previous day. On the one hand, the price of natural rubber is at a high level, which drives the bullish atmosphere of synthetic rubber; on the other hand, the rubber plant of Yangzi Petrochemical Company stopped unexpectedly last week due to some reasons, and the supply side is expected to be tight. Although the price of raw material butadiene has dropped to 6523 yuan / ton, the overall bullish factors dominate. In addition, the price of cis-1,4-polybutadiene rubber was increased by 500 yuan / ton by petrochemicals on Friday (15th), which made the market move and the price went up. According to the business news agency, as of January 18, the ex factory price of Daqing Shunding of PetroChina Northeast sales branch was 11400 yuan / ton.

Future forecast: low price of raw materials, tight supply. It is expected that the price rise of cis-1,4-polybutadiene rubber will slow down in the future.

Domestic liquid epoxy resin plants maintain a high level or continue to increase, followed by the market offer. Up to now, the East China liquid epoxy resin continues to negotiate about 24000 yuan / ton in barrels, and the factory offer is mostly 23000-24500 yuan / ton with limited supply, so the delivery needs to queue up. Among them, the mainstream negotiation of solid resin is about 17900-18200 yuan / ton (delivered by acceptance). Compared with the previous period, the orders of the current factory increase. In addition, the upstream raw materials also show signs of warming up, and the rise of epoxy resin is obvious.

The demand for epoxy resin in downstream industries such as electronic and electrical coatings is increasing, and the factory has no pressure to ship. Under the tight supply, the liquid epoxy resin market rose obviously. With a wave of decline in the early stage, the inventory of downstream factories was basically exhausted, and the epoxy resin market fell to the break even point. Some factories reduced the operating rate mainly through a single discussion. After a short period of price balance, the terminal procurement gradually warmed up. However, a few factories were affected by the extremely cold weather, and the equipment failure was the cause of the epidemic As the operating rate of the plant is down, the holiday is approaching, the logistics is tight, and the inventory demand is increasing. However, the epoxy resin inventory is not large. With the arrival of a wave of demand, the factory needs to queue up to pick up the goods. Under the tight supply, the factory offers are raised to 23000-24500 yuan / ton.

As for the plant, the 15000 ton solid epoxy resin plant in Huangshan Jinfeng was put into operation again.

Bisphenol A, the raw material, went up again. The opening price of this week showed an obvious upward trend. The offer of the goods holders was not the highest, but higher. The offer of 13800-15000 yuan / ton was available. The goods holders had a good mentality and had a strong push up atmosphere. The mainstream transaction was 13800-14000 yuan / ton. For the factories, Lihua yiweiyuan offered 13500 yuan / ton. For the other factories, the offer was still suspended. For the market, the offer of East China and North China remained unchanged Between 13800-14000 yuan / ton. The market of epichlorohydrin, another important raw material, remained weak, with little change in a narrow range. At present, epichlorohydrin closed at 11200-12000 yuan / ton.

It is estimated that the liquid epoxy resin will maintain 23000-24500 yuan / ton in the short term