Epoxy Resin Market Experiences Minor Fluctuations and Slight Decline (September 20, 2026)

1. Daily Summary

① Local prices of the raw material epichlorohydrin (ECH) declined today, leading to a slight easing in cost pressures.
② Downstream demand remained limited with few inquiries, causing the epoxy resin market to experience minor fluctuations and a slight decline.

2. Spot Market Overview

Table 1: Domestic Epoxy Resin Price Summary (Unit: CNY/ton)

Based on the East China region as the benchmark, the ex-factory price for liquid E-51 epoxy resin closed at 15,500–16,000 CNY/ton today, representing a decrease of 100 CNY/ton compared to the previous period. The spot cash delivery price for solid E-12 epoxy resin in the Huangshan region closed at 14,500–15,000 CNY/ton, down 200 CNY/ton from the previous trading day, aligning with morning market expectations. Although local prices for the raw material ECH declined, epoxy resin costs remain high. Some factories lowered their quotes, while downstream inquiries were limited. Trading activity was sluggish, resulting in a slight downward shift in the market center.

3. Production Dynamics

The capacity utilization rate for the domestic epoxy resin industry is hovering around 51%. Today, the average daily production cost for liquid epoxy resin in East China stood at 15,859 CNY/ton, with an average daily calculated gross margin of -159 CNY/ton. From an operational perspective, there remains a discrepancy between the improvement in theoretical margins and the actual recovery of profits.

4. Price Forecast

Cost pressures have eased slightly, prompting some epoxy resin factories to make minor price adjustments. However, downstream buyers remain cautious with very few inquiries, leading to a slight fluctuation and decline in the market center. It is expected that cost support for epoxy resin will persist, with prices likely to consolidate primarily in a sideways range. Continued attention should be paid to raw material prices and downstream procurement pace; cautious operation is recommended.

5. Related Products

Bisphenol A (BPA) Market: Based on the East China region, BPA prices closed at 11,200 CNY/ton today, within a range of 11,100–11,300 CNY/ton, remaining stable compared to the previous trading day and consistent with morning expectations. Trading activity in the BPA market was quiet over the weekend. Downstream inquiries were lackluster, with participants adopting a wait-and-see attitude. Holders showed little enthusiasm for operations, offers were limited, and there were few signs of active trading.

Epichlorohydrin (ECH): Based on the Jiangsu region, ECH prices closed at 11,350 CNY/ton today, unchanged from the previous period and consistent with morning expectations. Weekend trading atmosphere was relatively quiet, with proactive offers showing caution. Downstream players lack confidence in future prospects, resulting in scarce inquiries for new orders. This has put pressure on ECH manufacturers' shipments, creating an intention to offer discounts to move inventory. However, since downstream demand has not improved, actual transactions remain limited.

6. Data Calendar

Table 2: Domestic Epoxy Resin Data Overview (Unit: 10,000 tons)