The epoxy resin market remains stable with consolidation trends.

1. Today's Summary

① The price of raw material ECH (epichlorohydrin) in the Jiangsu market fell by 100 yuan/ton today to 11,050 yuan/ton, indicating a slight weakening on the cost side.

② Downstream demand has been insufficient to provide follow-through; consequently, the epoxy resin market remains stable as participants adopt a wait-and-see approach.

2. Spot Market Overview

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

Data Source: Chempricehub Information

Based on the East China region, the ex-factory price for liquid E-51 epoxy resin closed at 14,800–15,200 yuan/ton today, remaining unchanged from the previous period. In the Huangshan region, the cash price for solid E-12 epoxy resin in surrounding areas closed at 14,400–14,700 yuan/ton, also flat compared to the previous trading day, aligning with morning market expectations. On the raw material side, ECH prices weakened slightly. Given that epoxy resin manufacturers suffered significant losses earlier, they have maintained stable offers. Post-holiday downstream demand is primarily characterized by a wait-and-see attitude, with few inquiries and low trading activity within the market. Consequently, the market center remains temporarily stable.

3. Production Dynamics

The capacity utilization rate of the domestic epoxy resin industry is hovering around 45%. Today, the average daily cost for liquid epoxy resin in East China was 15,694 yuan/ton, resulting in an average daily calculated gross margin of -694 yuan/ton. Based on actual operational conditions, there remains a discrepancy between theoretical margin improvements and actual profit recovery.

4. Price Forecast

With ECH costs weakening slightly, the post-holiday reopening of the epoxy resin market is dominated by a wait-and-see sentiment. Prices are consolidating temporarily, while downstream buyers remain cautious with very few inquiries, keeping the market center stable for now. It is expected that with slightly weaker costs, epoxy resin prices may face continued gradual downward pressure. Attention should remain focused on raw material prices and the pace of downstream procurement. Cautious operation is recommended.

5. Related Product Status

Bisphenol A Market: Based on the East China region, today’s closing price for Bisphenol A was 11,200 yuan/ton, with a range of 11,100–11,300 yuan/ton. This remained stable compared to the previous trading day, consistent with morning expectations. The Bisphenol A market traded sideways today. While the price of its raw material, phenol, surged significantly—providing cost support—the first trading day after the holiday saw most downstream participants adopting a wait-and-see approach. Trading activity between buyers and sellers was lackluster, resulting in limited price fluctuations.

Epichlorohydrin (ECH): Based on the Jiangsu region, today’s ECH price closed at 11,050 yuan/ton, a decrease of 100 yuan/ton from the previous period, matching morning expectations. The ECH market trended weakly downward today. Following the return to business after the holiday, the price of the main raw material, glycerin, fell, weakening cost support. Additionally, strong wait-and-see sentiment among downstream users led to low participation in new orders, causing difficulties for ECH manufacturers in moving inventory. Lower-priced offers emerged continuously, but without improvement in downstream demand, actual transactions were mainly small-scale, resulting in an overall quiet market atmosphere.

6. Data Calendar

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

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