Price performance

In August, domestic epoxy resin mainly operated smoothly with narrow oscillations, with very small fluctuations throughout the month.
East China Liquid E-51 mainstream: 14000-14500 yuan/ton (acceptance of purified water leaving the factory)
Mount Huangshan Solid E ‑ 12 Mainstream: 13300 ‑ 13600 yuan/ton (delivered in cash)
The monthly average price increased from 14125 yuan/ton at the beginning of the month to 14250 yuan/ton at the end of the month, with a monthly increase of only 0.88%. The range fluctuation is limited, and the negotiation space for actual orders is the main factor. The listed price has not changed much.
2、 Cost side: raw material fluctuations, no strong driving force
Upstream bisphenol A and epichlorohydrin (ECH) showed a volatile consolidation in August, with limited range of upward and downward exploration. The cost did not experience a unilateral sharp rise or fall, and there was neither strong upward driving force nor significant negative impact of collapse, forming a neutral bottoming out pattern for epoxy.
3、 Supply side: Proactively control production to avoid excessive impact
Downstream shipments were weak in August, and factory inventory turnover was slow. Enterprises took the initiative to reduce load and control production
The production rate of liquid epoxy has dropped from 61% to around 55%; Solid epoxy production has fallen to around 44%, with increased maintenance and production restrictions. Proactively reducing supply to alleviate inventory pressure and hedge against negative demand during the off-season has supported bottom prices and prevented a deep decline in the market. The overall situation is characterized by active supply contraction and non malignant volume increase.
4、 Demand side: Traditional off-season, mainly focused on essential procurement
Downstream coating flooring, anti-corrosion, wind power composite materials, and copper-clad laminates are generally in the traditional off-season: terminals mainly consume their own inventory, new order increments are insufficient, procurement is cautious, on-demand procurement is weak, hoarding willingness is weak, trading is light, and it is difficult to drive price increases, forming a pattern of “weak demand and difficult price rise”.
5、 Summary of Market Pattern
August epoxy resin is a typical stable market with weak supply and demand and balanced game theory: the off-season of demand brings weak upward momentum, factories actively control production and provide cost support to block downward space, and the whole month is dominated by range consolidation and actual order bargaining, lacking trend market.