The domestic epoxy resin market continues to rise, and the record is continuously brush on the basis of the original high price. As for the “ceiling”, up to now, the liquid resin Market in East China has exceeded the level of 40000 yuan / ton (barrel), with the offer of 40000-41000 yuan / ton, and Huangshan solid resin market has also risen to 33000-34000 yuan / ton. The rise of epoxy resin is greatly supported by the good support of upstream and downstream, and the liquid resin in East China has increased by 86% since 2021.

On the one hand, the prices of bisphenol A and epichlorohydrin are high and continue to rise. The price of BPA is hardly expected to decline in the second quarter or even in the year, due to the shortage of supply and the firm offer of the stockholding company. In addition, there are many overhaul in BPA plant in the second quarter, and the supply is expected to decrease. In the second quarter, even in the year, the price of BPA is difficult to fall sharply.

The price of dicloxychloropropane was RMB 15267 / ton, which opened a wide-ranging increase in April. After the Qing Dynasty, it increased by 20% and 63% year on year. At present, the raw material price is firm and stable, and the cost pressure is still in existence. The downstream epoxy resin price continues to rise, and the factory delivery is not under pressure for a while. The market has a strong market price intention. In the short term, the market of oxychloropropane will continue to run strongly.

On the other hand, the downstream acceptance of high prices is still acceptable. Although the downstream is suffering, there are also production reduction, but the overall balance is still maintained. Overseas orders are constantly in line with high heat of domestic wind power projects and good short-term demand. However, in the long run, if the market continues to go higher, the cost cannot be transferred to the downstream, and more downstream has to choose alternative products. According to the business agency, the current liquid resin is operating normally, with the commencement rate of about 80%. The factory mainly delivers the orders in the early stage, and the price of new single is still rising; the environmental protection supervision of solid epoxy resin has affected the low commencement rate and the new single price negotiation is cautious.

From the perspective of business agencies, the cost support is strong, and it is difficult to go down in the short term under the continuous tension of bisphenol a supply. Epichlorohydrin opens a wide pull up trend and the price is high; the epoxy resin is affected by the continuous good downstream, and the market supply tension is difficult to change. The business agency expects the epoxy resin market to continue to be high in the second quarter.