Bisphenol A
Price: last week, the domestic bisphenol A market low continued to dip: as of July 8, East China bisphenol A reference price in the vicinity of 11,800 yuan / ton, down 700 yuan from the previous week, the rate of decline has narrowed.

The raw material phenol ketone further softened, downstream epoxy resin and PC market continued downward, the demand for raw materials is limited, the bisphenol A market continues to be in a bearish atmosphere, the week of Zhejiang Petrochemical two bidding prices fell by a total of 500 yuan / ton. As the price of bisphenol A has been below the cost line, some factory loads began to be adjusted downward in response.
Raw materials: the phenol and ketone market fell slightly last week: the latest reference price of acetone at 5,000 yuan / ton, down 300 yuan compared with the previous week; phenol latest reference price at 9,700 yuan / ton, down 400 yuan compared with the previous week.

Device situation: The overall opening rate of industry devices is around 70%.

Epichlorohydrin
Price: The domestic epichlorohydrin market fell off a cliff last week: as of July 8, the reference price of epichlorohydrin in East China market was at RMB11,700/ton, down RMB3,000 from the previous week.

The price of crude glycerin fell, and the intention of epichlorohydrin to purchase glycerin was extremely low, causing the price of glycerin to drop back by thousand yuan a week. However, the downstream epichlorohydrin had a bearish atmosphere in the market due to shrinking demand, and the price fell much faster than glycerol, with a tendency to fall towards the cost line of propylene method. Glycerol method epichlorohydrin substantial losses, Jiangsu Haixing gradually restarted at the same time, a number of glycerol method epichlorohydrin plant shutdown.
Raw materials: The prices of two main raw materials of ECH process routes dropped sharply during the week: the latest reference price of propylene was 7400 yuan/ton, down 200 yuan compared with the previous week; the latest reference price of 99.5% glycerol in East China was 9800 yuan/ton, down 1000 yuan compared with the previous week.

Device situation: Jiangsu Haixing 130kt/year device and Shandong Binhua 75kt/year device restarted; Jiangsu Ruiheng 150kt/year device, Jiangsu Yangnong 150kt/year device, Zhejiang Haobang 120kt/year device, Hebei Jiao 60kt/year device stopped, Ningbo Zhenyang and Hebei Zhuotai device load is low, the overall industry opening rate is 4-5%.

Epoxy resin
Price: Last week, two types of epoxy resins continued to bottom out: as of July 8, the reference price of liquid epoxy resin in East China was RMB18,500/ton, down RMB2,000 from the previous week; the reference price of solid epoxy resin was RMB16,700/ton, down RMB1,800 from the previous week.

The downward trend of the industry chain has not changed, and low prices continue to emerge. Bisphenol A price fell 800 yuan/ton, epichlorohydrin fell -3000 yuan/ton, epoxy resin market was cold, passively following the raw material decline, down about 2000 yuan/ton a week.

Regarding the bottoming price of this round of epoxy resin and dual raw materials in this down cycle, the voting system set up over the weekend, as of the evening of the 10th, a total of 170 market participants have participated in the voting. From the voting results, the current bearish atmosphere of the market participants on the industry chain is still strong, voting specific results can be viewed by themselves by looking at the public number history.

The device: Hongchang Electronics restarted, Kunshan Nanya, Nantong Xingchen, Jinhu Yangnong, Changchun Chemical and other plants load are reduced, the overall liquid resin start-up rate is 3-4%; solid resin start-up rate is about 30%.

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