The epoxy resin market remains in a stalemate, trading sideways.

1. Daily Summary

① Today, the East China market price for raw material BPA fell by 150 RMB/ton to 10,950 RMB/ton, indicating a softening on the cost side.

② Downstream demand remains driven by rigid requirements, and the epoxy resin market is currently stabilizing within a consolidation range.

2. Spot Market Overview

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

Based on the East China region, today’s ex-factory price for liquid E-51 epoxy resin (pure water basis) closed at 15,000–15,300 RMB/ton, remaining flat compared to the previous period. The cash-basis nearby price for solid E-12 epoxy resin in the Huangshan region closed at 14,400–14,800 RMB/ton, unchanged from the previous trading day, aligning with morning market expectations. With BPA prices loosening on the raw material side and severe losses previously incurred by epoxy resin producers, factory offers have temporarily stabilized. Downstream demand continues to follow rigid requirements, keeping the market center in a consolidation phase.

3. Production Dynamics

The capacity utilization rate of the domestic epoxy resin industry is hovering around 51%. Today, the average daily production cost for liquid epoxy resin in East China was 15,634 RMB/ton, resulting in an average daily calculated gross margin of -534 RMB/ton. In terms of actual operations, there remains a discrepancy between theoretical margin improvements and the recovery of actual profits.

4. Price Forecast

With costs slightly weakening, epoxy resin factories—having suffered significant losses earlier—are maintaining stable quotes. Downstream buyers are sticking to rigid procurement schedules, leading to a stalemate in market prices. It is expected that epoxy resin costs will remain elevated. Affected by prior losses, epoxy resin prices are likely to maintain narrow-range consolidation. Attention should continue to be paid to raw material prices and downstream procurement rhythms; cautious operation is advised.

5. Related Product Updates

Bisphenol A (BPA) Market: Based on the East China region, today’s BPA price closed at 10,950 RMB/ton (range: 10,900–11,000 RMB/ton), down 150 RMB/ton from the previous trading day, consistent with morning expectations. The focus of the domestic BPA market softened today. End-user enterprises showed weak interest in entering the market, with low bid intentions. Holders found it difficult to sell at stable prices, resorting to discounts to facilitate transactions. The market trend is downward, with a bland negotiation atmosphere.

Epichlorohydrin (ECH): Based on the Jiangsu region, today’s ECH price closed at 11,250 RMB/ton, flat compared to the previous period, consistent with morning expectations. The ECH market followed prevailing trends today. Although costs and supply provide support, downstream buyers remain cautious about high-priced raw materials, showing low participation levels. This has hindered sales at high prices for ECH, with new orders mostly negotiated within the existing price range. Overall, market activity remains relatively subdued.

6. Data Calendar

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