Liquid epoxy resin is currently quoted at RMB 18,200/ton, down RMB 11,050/ton or 37.78% from the highest price in the year. The prices of epoxy resin related products are in the downward channel, and the cost support of resin is weakening. Downstream terminal coating, electrical and electronic industry demand is weak, the spot market trading is weak. Due to multiple factors such as domestic epidemic, international geopolitics and Fed interest rate hike, consumer demand is sluggish, and short-term epoxy resin demand follow-up is still limited.

Bisphenol A is currently quoted at RMB11,950/ton, down RMB7,100/ton or 37.27% from the beginning of the year. With two major downstream accelerating downward, the cost side softened, multiple negative superimposed on the market broke down. Zhejiang petrochemical bidding down significantly, while downstream terminal consumption is less than expected, overlapping with the weak downstream and upstream markets, the impact of bisphenol A obvious.

Epichlorohydrin is currently quoted at RMB10,366.67/ton, down RMB8,533.33/ton or 45.15% from the beginning of the year. Downstream propylene glycol fell by 5.62% during the month, the purchasing enthusiasm weakened, the market atmosphere turned light, the market stalemate is weak. With insufficient support from the cost side, a small accumulation on the supply side, and cautious reduction in demand side to follow up, it is expected that in the short term, the market for propylene oxide may run weakly.

n-Butanol (industrial grade) is currently quoted at RMB 8,000/ton, down RMB 1,266.67/ton, or 13.67%, from the beginning of the year. The n-butanol market market shock after a sharp downward trend, the reason mainly lies in the device operation and downstream demand. Butyl acrylate market, the largest downstream of n-butanol, weak performance, the downstream industry as a whole tape master rolls and acrylate emulsions and other demand is flat, gradually entering the off-season demand, some of the spot traders in the field transaction is not good, the market center of gravity narrowly softened.

Isopropyl alcohol is currently quoted at 7125 yuan / ton, down 941.67 yuan / ton compared with the beginning of the price, down 11.67%. Raw material acetone market prices fell, the market trading is light, the center of gravity of negotiations lower, propylene (Shandong) market mainstream offer fell below 8,000 yuan. Terminal procurement efforts in general, the field mentality under pressure, the intention of the stockholders to ship positive, the offer fell, the actual transaction volume is insufficient. Downstream market demand just demand-oriented, fast in and fast out, the overall market is in the supply than demand situation.

Isobutyraldehyde is currently quoted at 7366.67 yuan / ton, down 6833.33 yuan / ton compared with the beginning of the year, a drop of 48.12%. This round of sharp decline is mainly caused by the downstream and terminal demand cold, its main downstream neopentyl glycol due to terminal demand into the off-season, in production and sales under double pressure, demand for isobutyraldehyde has declined significantly. Another major downstream alcohol ester is also not optimistic, with the industry start-up rate falling to below 60%. The terminal coating industry entered the off-season due to the warming weather and weakened purchasing enthusiasm. Under the pressure of high cost and low demand, isobutyraldehyde has basically fallen below the cost line.

Isobutyraldehyde is currently quoted at 8300 yuan/ton, down 3500 yuan/ton, or 29.66%, compared with the price at the beginning of the year. Domestic n-propanol market overall weak downward trend, Shandong large factory n-propanol factory price down one after another, downstream demand performance is general, the field trading atmosphere is cold, n-propanol prices continue to move downward. Neopentyl glycol is currently quoted at 12,233.33 yuan/ton, down 4,516.67 yuan/ton or 26.97% from the beginning of the year. Neopentyl glycol downstream powder coating, mostly used in real estate decoration building materials, now the domestic real estate industry downturn, powder coating start rate reduced, the demand for neopentyl glycol significantly reduced, for raw materials to buy enthusiasm decreased, neopentyl glycol into the off-season, the price all the way down.

At present, the plastic chemical field continues to be in the situation of weak supply and demand. On the crude oil side, crude oil is full of uncertainty with long and short games. The chemical producers in the middle of the industry chain have entered the “zero profit production” stage, the end-consumer market hard through the winter, who do not dare to take rash action. And many chemicals continue to be out of the fundamentals of the “off-season”, demand continues to be poor, the price is difficult to see improvement.

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