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Two raw materials trading limit epoxy resin road where to go?

Release time:2017-10-07     Time to browse

  2016 domestic epoxy resin has ups and downs, in the second half of the market situation is better than the first half, from raw materials to drive in the first half of the present trend suppression after Yang first, the overall interval expected co., LTD., January and February are influenced by the lunar New Year holiday, the longer the market downturn, the march and April are influenced by double raw materials upstream, signs of market rebound, the highest level reached 13500 yuan/ton; In May and June, the downstream market ushered in the off-season, which dropped to the level of 12,700 yuan/ton at the beginning of the year. The trend of epoxy resin market was weak. In July, the market was still not getting better. In August, the price increased, the market fluctuated and rose. At the end of October, there were signs of slight decline, and the supply of low-price goods gradually decreased.

  Trend analysis of epoxy resin from January to November, 2016

  The total import and export volume of epoxy resin declined

  From January to September this year, the total import and export volume of epoxy resin in China both declined, indicating that the market demand is sluggish and the epoxy resin market has a great impact. According to incomplete statistics, the total import volume of epoxy resin from January to September 2016 was 1,69540923 kg, 3.2% less than that of the same period last year. The import amount was 569369410 USD, and the average import price was 3.36 USD/kg. From January to September 2016, the total export volume of epoxy resin was 5,1913,087 kg, a decrease of 7.96% compared with the same period of last year. The export amount was US $1,12248,334, and the average export price was US $2.16 / kg.

  Epoxy resin production increase is limited

  In 2015, China's epoxy resin production capacity was 2.175 million tons. Since 2011, the growth rate of epoxy resin production capacity in China has slowed down significantly, with the output hovering around over 1 million tons. The output is expected to reach 1.15 million tons in 2015, indicating that the demand for epoxy resin industry in China is stable, but the overcapacity situation exists.

  As mentioned above, the import and export situation of epoxy resin in 2016 is lower than that of last year. The overall economic environment is slowing down this year, and the downstream market support is limited, so the production capacity is not expected to be very optimistic this year. It is understood that there are still some plans for the production of epoxy resin in China in 2016. It is estimated that the production capacity of epoxy resin in China will reach about 2.175 million tons in 2016, with limited production increase.

  According to statistics, The apparent consumption of epoxy resin in China in 2014 was about 1,263,400 tons, an increase of 6.45% compared with 1,186,800 tons in 2013. Downstream of the epoxy resin composite material industry demand of 2015, China's performance is relatively good, the other, the country has been advocating coating to achieve high solids, waterborne and powder, so the powder coating, or in the future will have certain market, that is, the appreciation space of epoxy resin in the demand of downstream market will have room to improve.

  To sum up, it is expected that the epoxy resin market in China will be stable in the short term. Due to the weakening of epichlorohydrin and the rapid rise of BISphenol A price, the raw material cost pressure of resin will increase significantly. With only a month to go until the end of the year, it remains to be seen whether epoxy can climb again.

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