The epoxy resin market remains stable but slightly weak.

1. Today's Summary

① Today, the East China market price of BPA (Bisphenol A) fell by 100 yuan/ton to 10,850 yuan/ton, indicating continued weakness on the cost side.

② Downstream demand showed insufficient follow-through from essential needs, leading to localized declines in the epoxy resin market.

2. Spot Market Overview

Table 1: Summary of Domestic Epoxy Resin Prices (Unit: Yuan/Ton)

Based on the East China region, today's liquid E-51 epoxy resin ex-factory price (pure water basis) closed at 15,000–15,300 yuan/ton, remaining flat compared to the previous period. The solid E-12 epoxy resin cash price in the Huangshan area closed at 14,400–14,800 yuan/ton, unchanged from the previous trading day, aligning with morning market expectations. On the raw material side, BPA prices continued to weaken. The epoxy resin market suffered significant losses previously, resulting in a strong willingness among factories to maintain prices. However, downstream demand follow-up was insufficient, causing the market center to operate steadily but slightly weakly.

3. Production Dynamics

The capacity utilization rate of the domestic epoxy resin industry is around 51%. Today, the average daily cost for liquid epoxy resin in East China was 15,566 yuan/ton, with an average daily calculated gross profit of -466 yuan/ton. In terms of actual operations, there remains a certain discrepancy between theoretical gross profit improvement and actual profit recovery.

4. Price Forecast

Cost-side prices continue to weaken. Due to severe previous losses, epoxy resin factories are maintaining stable quotations. Downstream buyers are adhering to essential procurement rhythms, with limited follow-up on actual orders, leading to localized price drops. It is expected that epoxy resin costs will remain at a high level. Affected by previous losses, epoxy resin prices are likely to maintain narrow-range consolidation. Continued attention should be paid to raw material prices and downstream procurement rhythms; cautious operation is recommended.

5. Related Product Status

Bisphenol A Market: Based on the East China region, today's East China BPA closed at 10,850 yuan/ton, within a range of 10,800–10,900 yuan/ton, down 100 yuan/ton from the previous trading day, matching morning expectations. Today, the domestic BPA market continued to decline. There was no improvement on the demand side, buying enthusiasm remained low, and holders lacked psychological support, increasing their intention to sell. Quotations trended downward, with limited signs of actual transactions in the market, and the negotiation center shifted lower.

Epichlorohydrin (ECH): Based on the Jiangsu region, today's ECH price closed at 11,250 yuan/ton, flat compared to the previous period, matching morning expectations. Fundamental changes in the ECH market were limited today, with prices consolidating within the current range. Currently, costs and supply still provide support to the market. Although manufacturers have a sentiment to hold prices steady, downstream buyers are cautious about high-priced raw materials, participating limitedly in new orders and only maintaining small-scale essential transactions. This has hindered the sale of ECH at higher prices, with most new orders negotiated within the existing range, resulting in a relatively quiet overall atmosphere.

6. Data Calendar

Table 2: Domestic Epoxy Resin Data List (Unit: Ten Thousand Tons)