At present, the market demand follow-up is still insufficient, resulting in a relatively light inquiry atmosphere. The main focus of the holders is on single negotiation, but the trading volume appears to be exceptionally low, and the focus has also shown a weak and continuous downward trend.
In East China, the trading and investment focus of liquid epoxy resin market continues to show a downward trend. In addition, the atmosphere of the dual raw material market is relatively low, which makes it difficult to support the mentality of resin industry. Among them, new orders continue to offer discounts, and the market’s trading center also shows a downward trend. The negotiated reference price is between 13000-13600 yuan/ton, with a focus on the mid to low end.
In South China, the liquid epoxy resin market also showed a narrow downward trend. The downstream gas buying performance was relatively weak, and some factories began to reduce their quotations to attract orders. The actual unit price is also relatively low, with a negotiated reference price ranging from 13200 to 13800 yuan/ton, with a focus on the mid to low end.
The prices of bisphenol A and Epichlorohydrin remain weak, and market participants are cautious and empty.
In the bisphenol A market, trading appears quiet, with little change in downstream demand, and only sporadic factories making exploratory inquiries. There are not many instances where some manufacturers of bisphenol A offer voluntarily, and the actual negotiated price is around 8800-8900 yuan/ton, with some quotes even lower.
The market negotiation of Epichlorohydrin was relatively light, and the seller was willing to offer 7700 yuan/ton, while in Shandong, some manufacturers offered a lower price of 7300 yuan/ton.
In summary, due to poor downstream shipments and trading, tomorrow is approaching the weekend, and it is expected that the market will maintain a narrow adjustment and prices will be weak and downward.