Concussion of epoxy resin market dropped first half of the year 2022, space of industry gross profit is compressed. Second half of the year, relatively low raw material price, have not improve but still prospective demand, defer produce newly what put in can wait for element interplay, price of predicting second half of the year is low a concussion probability is bigger. Shock of epoxy resin price drops first half of the year
2022 first half of the year, e-51 of epoxy resin liquid and price of solid E-12 whole appear concussion to drop situation, up to by June, price of E-51 of Hua Dong market closes at 21000-22000 yuan / ton accept sends, relatively price of the beginning of the year drops 16.99% ; Price of E-12 of Hua Dong market closes at 18500-19000 yuan / ton accept sends, relatively price of the beginning of the year drops 17.04% . Came January the first ten days of a month is better in raw material cost and demand in Feburary prop up below, colophony price shock rises, 29500 yuan when nod the price high first half of the year to appeared Feburary / ton (E-51) mix 25100 yuan / ton (E-12) . The last ten-day of a month in Feburary begins, a of raw material double phenol enters passageway of be issued to lower levels, concussion of perch of chloric propane of oxygen of annulus of another raw material, epoxy resin price is in demand is low wide cut begins to drop below confused be a burden on. The first ten days of a month in May, as Shanghai and its periphery demand improves, epoxy resin and price of double raw material have narrow cut promotion. The last ten-day of a month will come in May June, reach terminal demand downstream performance is poorer, in pairs of chloric propane of A of raw material double phenol and annulus oxygen enters passageway of be issued to lower levels, market information face slants empty, epoxy resin price again wide cut be issued to lower levels. Whole of double raw material drops, gross profit is compressed apparently
2022 first half of the year, the wide cut after concussion of perch of price of A of raw material double phenol drops, up to low in June closing quotation, price of Hua Dongshuang phenolic A closes at 12500-12600 yuan / ton, relatively price of the beginning of the year drops 5550 yuan / ton, drop 30.66% ; After chloric propane price rises first, oxygen of raw material annulus drops, price of chloric propane of Hua Donghuan oxygen closes at 15000-15200 yuan / ton accept sends, relatively price of the beginning of the year falls 950 yuan / ton, drop 5.92% . To E-51 of liquid epoxy resin, only waste time of A of raw material double phenol is more than annulus oxygen chloric propane slightly, change according to price of double raw material, whole of cost of raw material of liquid epoxy resin drops, but because whole of epoxy resin price presents concussion to drop,go situation, space of theoretical gross profit is compressed apparent, gross profit space also can see on the right side of, level of E-51 gross profit is far first half of the year 2022 under 2021, 2 quarters appear even brief negative worth. Up to by June, theoretical gross profit of epoxy resin E-51 calculates average to make an appointment with 961 yuan / ton, relatively the corresponding period dropped last year 78.67% . Solid E-12 because origin of A of double phenol of its raw material is extensive and price difference is bigger, manufacturer gross profit is uneven, first half of the year mostly space of gross profit of manufacturer the corresponding period under 1000 yuan / ton, as a result of shipment not free, actual gross profit or lower. Crop decreases compared to the same period, inventory appears increase a current
2022 first half of the year, according to data statistic, total output of colophony of discharge ring oxygen makes an appointment with 670 thousand tons, decrease compared to the same period about 9.46% . Whole of crop of epoxy resin monthly appears first half of the year reduce a current, among them the month with high yield is January, output low month is April. Although epoxy resin crop decreases compared to the same period first half of the year, but monthly is average first half of the year inventory relatively monthly is average 2021 inventory level is low 37.19% , indicate epoxy resin demand relatively apparently abate last year. From the point of circumstance of monthly society inventory, mixed March inventory is apparent June prep above is other month, advocate if downstream demand is low,confuse, manufacturing business shipment not free, warehouse for finished product keeps keep long in stock. Import volume decreases compared to the same period, export volume increases compared to the same period
2022 first half of the year, epoxy resin imports gross 131337.29 tons, relatively the corresponding period decreased last year 25.66% . From on the graph can see, 2022 1-6 month, epoxy resin monthly imports an amount all relatively the corresponding period decreased last year, basically supply as a result of home market merchandise on hand abundant reach the value is inferior.
From the point of import trade associate, taiwan entrance measures about fifty-eight thousand two hundred tons, 44.30% what take total entrance amount, other commerce associate is occupied than opposite less. From on the watch can see, before 5 commerce associate imports an amount relatively the amount of the corresponding period had narrow cut to drop more last year, only the import volume of Taiwan and United States promotes compared to the same period. Additional, the trade pattern that epoxy resin imports goods first half of the year is made an appointment with 89.86% for general commerce; Main entrance consignee registers the ground to be centered in Jiangsu province, the entrance measures about seventy-three thousand nine hundred tons, occupy than about 56.27% .
2022 first half of the year, epoxy resin exports gross 55615.1 tons, relatively the corresponding period increased last year 16.27% . From on the graph can see, 2022 1-6 month, whole of volume of export of epoxy resin monthly appears increase a current, among them 12991.61 tons of May are to export a quantity to be worth high first half of the year. Associate of epoxy resin export trade is more, before 5 are Thailand, Italy, Russian Federation, Korea, Vietnam respectively, 40.55% what the export volume of associate of these 5 commerce occupies total exit to measure. The commerce way that exports goods first half of the year is made an appointment with 83.85% for general commerce, main exit consignor registers the ground to be centered in Jiangsu province, occupy than about 56.83% , it is seat of big plant of domestic share epoxy resin. Price of second half of the year predicts low a concussion, exit measures hopeful to maintain face of cost of of higher level to look: Second half of the year of double phenolic A expects raw material low a wave motion, second half of the year of chloric propane of oxygen of annulus of another raw material anticipates integral concussion drops, raw material cost props up expression to anticipate slant weak. Supply a face to look: Second half of the year, according to not complete count, epoxy resin plans new increase production can will achieve 700 thousand tons of fluctuation, but affect because of the market or outside element, partial plant or defer. Import side, market price standard is relatively low, it is difficult that the entrance covers benefit window open, import volume anticipates difficult promotion. Supply whole to appear increase anticipate. In light of demand side: First half of the year, suffer effect of external environment element, the industry such as report of downstream coating, electron, wind mostly demand performance is poorer. 7 come to will be a part August the demand of downstream terminal is off-season, 9-10 month is traditional demand busy season, after demand of predicting second half of the year promotes first abate, integral demand or inaccessible in former years are better level. Because home market price is low, exit covers benefit window to open, exit of predicting second half of the year measures hopeful to maintain higher level. Will integratedly look, value of market of epoxy resin of second half of the year predicts low a concussion, period occasional because of demand improve price of occurrence phase sex up explore goes up, but integral market is faced with supply increasing pressure, the price is bad return first half of the year high price.
