On December 17th, the market in East China for liquid epoxy resin saw an upward trend. Under cost pressure, prices were quoted higher as a result of higher load at major factories, with ample supply in the market. The downstream demand for epoxy resin is mostly for essential goods, and the mainstream negotiations referenced a price range of 13300-13600 yuan/ton for purified water from the factory. PriceSeek analyzed the epoxy resin, giving a neutral score: +1. The article shows that the market price for liquid epoxy resin in East China has risen, driven by cost pressures leading to increased quotes. This indicates that spot prices are showing an upward trend. This is mainly due to the increased costs of upstream raw materials (such as bisphenol A or epoxy chloropropane), which have led to companies having to passively raise their prices. However, with high load at major factories and ample supply in the market, coupled with a demand dominated by essential goods and lacking strong consumer support, it may limit potential gains. Overall, this news is generally positive for the spot price of epoxy resins, with a score of +1.
Comments
0