The epoxy resin market continues to trend upward.

1. Daily Summary

① The East China market price of the raw material BPA rose by RMB 150/ton to RMB 11,250/ton today, indicating a strong upward trend in costs.

② Downstream demand remained limited to essential needs, which restricted the extent of price increases in the epoxy resin market.

2. Spot Market Overview

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

Data Source: Chempricehub

Based on the East China region, the ex-factory price for liquid E-51 epoxy resin closed at RMB 15,100–15,300/ton today, representing a week-on-week increase of RMB 50/ton. In the Huangshan area, the cash spot price for solid E-12 epoxy resin closed at RMB 14,500–14,700/ton, an increase of RMB 100/ton from the previous trading day, aligning with morning market expectations. Raw material BPA prices continued to rise, prompting epoxy resin producers to adjust their offers upward in line with input costs. However, actual downstream transactions were limited, resulting in lagged price transmission and constrained overall market gains.

3. Production Dynamics

The capacity utilization rate for the domestic epoxy resin industry hovered around 49%. Today, the daily average cost for liquid epoxy resin in East China was RMB 15,714/ton, with a calculated daily gross margin of -RMB 514/ton. Actual operations indicate that there remains a discrepancy between theoretical margin improvements and real profit recovery.

4. Price Forecast

With rising input costs, some epoxy resin plants are adjusting prices upward. However, downstream buyers maintain a purchasing rhythm based solely on essential needs, leading to insufficient transaction volume and limiting market price increases. It is expected that epoxy resin production costs will remain high. Influenced by prior losses, producers may continue to push for price hikes. Market participants should closely monitor raw material prices and downstream procurement pace; cautious operation is recommended.

5. Related Product Updates

Bisphenol A (BPA) Market: Based on the East China region, BPA closed at RMB 11,250/ton today within a range of RMB 11,200–11,300/ton, up RMB 150/ton from the previous trading day, consistent with morning expectations. The domestic BPA market saw a slight upward movement. Due to significant losses incurred by BPA producers, listed prices continued to rise, and inventory holders adjusted their offers accordingly. However, passing these high costs onto downstream users proved difficult, hindering transactions at elevated levels. Consequently, the center of gravity for actual deals shifted upward only marginally, with low trading volumes.

Epichlorohydrin (ECH): Based on the Jiangsu region, ECH prices closed at RMB 11,025/ton today, down RMB 50/ton week-on-week, matching morning expectations. ECH prices continued their downward trend. Although high cost pressures persist, the lack of downstream support has put pressure on sellers' shipments. Producers lack confidence in the future outlook and retain willingness to offer discounts to move inventory. The negotiation center for new orders continues to decline, but with no improvement on the demand side, trading volumes remain suppressed, and the overall market atmosphere is weak.

6. Data Calendar

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

Data Source: Chempricehub
Remarks:
1. ↓↑ indicates significant volatility, highlighting data points with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuations, highlighting data points with changes within 0–3%.