is understood that recently, the price of epoxy resin continues to decline. Liquid epoxy resin quoted price RMB 16,500/ton, solid epoxy resin quoted price RMB 15,000/ton, compared with the previous week down RMB 400-500 /ton, compared with last year's high value down nearly 60%. The continued weakness of the raw material bisphenol A, as well as the slow delivery of new orders due to the weak downstream market, combined to create a cold epoxy industry.
And it is not just epoxy resins that have suffered a price collapse. Affected by weak market demand and mask factors, many small and medium-sized chemical enterprises have chosen to lie flat collectively. Epoxy resin, titanium dioxide and other chemicals continue to hover at low levels.
Plummeting RMB 24,500/ton
Epoxy resin down the "altar"!
At present, both solid and liquid epoxy resin prices have fallen to the lowest for the whole year of 2022. The price of solid epoxy resin fell RMB 10500/ton compared with the high value of the year, down 41.48%, compared with the high value of RMB 37000/ton last year, down RMB 22,000/ton, down 59.46%. Huangshan Yuanrun, Huangshan Hengtai, Tongxin Qitai load 50%, Baling petrochemical load 50%, Huangshan Hengyuan load 80%; A number of enterprises a single discussion, real single negotiation, Huangshan five rings, Huangshan Tianma solid epoxy resin is not quoted.
The price of liquid epoxy resin fell by RMB 12500 /ton compared with the high value of the year, down by 43.10%, and 24500 yuan/ton compared with the high value of RMB 41000/ton last year, down by 59.75%. Under the severe situation of the epidemic spreading across the country, the shipment of all factories is further restricted, and the price difference between liquid and solid epoxy resin has narrowed to within a few hundred RMB. One line maintenance of Baling Petrochemical, Zhejiang Haobang load 70%, Kunshan Nanya load 80%, Baling Petrochemical load 60%, Jiangsu Yangnong load 40%. Due to the downturn in downstream gas buying, some enterprises make profits at low prices, and some manufacturers offer RMB 16200-1640/ton VAT acceptance.
On the whole, the expected support at the cost end of epoxy resin is limited, the bisphenol A market at the raw material end continues to decline, and the epichlorohydrin market, another important raw material, continues to decline. Middleman participation is low, the overall market is relatively depressed. While the main downstream application -- coating market is relatively cold at present, offshore wind power and electronics and other aspects of the pull is limited, epoxy resin is expected to continue to decline at the end of the year, the price is difficult to rise again.
Price decline 35%
24 titanium white powder sending a letter rose to "fail" the entire board
Compared with epoxy resin, the situation of titanium pink powder is obviously worse, because after several rounds of price increases, the current price is still low. At present, the mainstream price of sulfuric acid red -type titanium pink powder is priced at RMB 15,700/ton, and the actual transaction is actually used in RMB 15100/ton and below. Compared with the high value, it fell RMB 5,300/ton, a decrease of 25.23%, a decrease of RMB 5666.67 /ton at a high value of RMB 21566.67 /ton last year, a drop of 35.64%.
The mainstream discussion interval of domestic Rui titanium -type white powder is RMB 14,500/ton, and the actual transaction price is mostly RMB 13,800/ton and below. Compared with the high value, it fell RMB 4,750/ton, a decrease of 25.68%, a decrease of RMB 5,750/ton from the high value of RMB 19,500 /ton last year, a decrease of 41.82%.
Since the fourth quarter, more than 20 titanium-white powder companies have issued a letter of titanium and white powder. The domestic price has increased by RMB 600-1000/ton, and the export price has been raised by USD 80-150 /ton. Industry insiders said that this wave of price increase letter is actually a test of tentative. The meaning of stopping the decline is even stronger, and the intention is to pull up the market, but in fact, it has not landed. The phenomenon of falling and private discounts appeared.
The purpose of a leading enterprise to issue a price increase letter is to stimulate orders for downstream markets, but the demand for the demand for downstream coatings of titanium pink powder is not very tepid. In particular, the operating rate of the northern market is significantly lower, and the spot supply is relatively sufficient. Land. Titanium white powder faucet predicts that the demand for titanium pink powder in the fourth quarter will decrease by 25% to 30% due to customer de -inventory. In various regions, the demand in Europe, the Middle East, Africa and Asia -Pacific regions continues to weaken, while North America shows seasonal weakness. In the domestic market, the coating industry is relatively sluggish, and it is difficult to appear hot industries under the epidemic in papermaking and plastic. The overall titanium pink market may continue.
There is neither "Golden Nine" nor "Silver Ten". In the fourth quarter, the quotation of chemical products can be described as straight. In addition to titanium pink powder and epoxy resin, the ton price of more than RMB1,000 is fell, It also shows the frost in this cold winter.
Nowadays, the overseas economy decline is expected to intensify, and domestic places are still in confrontation with the virus. People are more rational for consumption. The market is reduced to real estate home appliances and small as small as catering and clothing. And this frost has gradually transmitted from the terminal consumers to the upper part of the industrial chain. More and more companies such as coatings, resins, pigments, and aids are frostbite, and survival is also facing layers of crisis.
Post time: Dec-06-2022