Summary： Recently, the price of epoxy resin has continued to rise, liquid epoxy has broken through a high of 40,000 yuan/ton and is currently hitting 45,000 yuan/ton. The price of solid epoxy resin is 34,000 yuan/ton for one-step products and 38,000 yuan/ton for two-step products, which is the highest value ever and continues to hit a high of 40,000 yuan/ton.
Recently, the price of epoxy resin has continued to rise, liquid epoxy has broken through a high of 40,000 yuan/ton and is currently hitting 45,000 yuan/ton. The price of solid epoxy resin is 34,000 yuan/ton for one-step products and 38,000 yuan/ton for two-step products, which is the highest value ever and continues to hit a high of 40,000 yuan/ton.
This kind of "expensive achievement" is inseparable from the strong promotion of upstream raw materials. The current quotation of its main raw material bisphenol A has reached 29,500 yuan/ton. The market is widening and the supply continues to be tight. Holders have a strong attitude of reluctance to sell and are expected to break the 30,000 yuan/ton mark. Another raw material, epichlorohydrin, is currently quoted at RMB 14,566.67/ton, close to RMB 15,000/ton.
Driven by the downstream wind power industry, the demand for epoxy resin has greatly increased, and the supply of products has exceeded demand. A resin company said that export orders are currently increasing rapidly, so the products are basically for long-term customers and old customers. Orders have been queued up to the end of May, and there are still many inquiring companies, and orders from Europe, America and overseas are also increasing. Moreover, due to the recurrence of foreign epidemics, epoxy resin production in Europe and the United States is expected to gradually resume after June, and domestic epoxy resin exports will continue to be maintained in the short term.
At the beginning of this month, US President Biden announced an infrastructure construction plan of more than 2 trillion U.S. dollars (13 trillion yuan) in Pittsburgh, an important industrial city in the United States. Of the US$621 billion spent on repairing and modernizing bridges, highways and highways, the construction of highways and highways will increase the demand for concrete and asphalt additives. These include polyethylene glycol (PEG), which is used as a curing agent, and other chemicals used in sealants, such as epoxy and acrylic.
At the same time, the operating rate of solid epoxy resins continues to be low due to the impact of environmental inspections. Huangshan Fifth Ring, Huangshan Jinfeng, Huangshan Tianma load 30%, Huangshan Constant Bright load 50%, Anhui Shanfu solid epoxy resin stopped quotation.
Both domestic and foreign demand side pulls have further reduced epoxy resin inventory. Under the anxiety state, more and more companies join the queue to buy goods, and prices may be further pushed up.
For the reinforcement industry, epoxy resin is one of the important raw materials for epoxy structural adhesives. As its price soars, the cost of reinforcement materials will inevitably rise. And from a macro point of view, the upstream and downstream support is strong, and it is difficult to see the price "ceiling" in the short term. It will be a long-term and severe challenge for Shanghai HORSE or the entire reinforcement industry.
Language: English
