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Unsaturated Resin: The Industry Chain Is Strongly Driven To Panic

Jun 06, 2020

Recently, the domestic unsaturated resin market has narrowed up. Raw materials rose sharply, which led to an increase in the offer of unsaturated resin factories, and some players pushed up slightly in stages, that is, the price was adjusted twice or more during the upward period of the offer. After many adjustments, the resin price rose to a high level for a time, causing the downstream It is difficult to digest in a short period of time, and resin manufacturers still carry out pre-orders when they are taking goods, and high-priced sources in the market have not yet heard a large number of transactions.


At this stage, due to factors such as capital promotion and sharp decline in inventory data, the prices of styrene, ethylene glycol, and diethylene glycol continue to rise. Among them, the price of styrene has now risen to around 9,400 yuan/ton, and diethylene glycol has exceeded 6,000 yuan. /Ton. Moreover, the prices of maleic anhydride and phthalic anhydride have also increased to varying degrees, and the overall upstream cost performance has been strong, boosting the market mentality. But at present, as resin prices rise to a high level, the concerns of unsaturated resin manufacturers are also increasing, and they are cautious about whether the raw materials can continue to rise in the later period.


The Central Environmental Protection Supervision Team is still stationed in Shandong. Anhui, Henan and other places are still facing environmental inspections. Resin factory operations have continued to be low; and under the recent cost pressure, the overall operating rate of unsaturated resins has also been forced to decrease, and the operating rate in East China remains at 50% nearby.

 

Looking at the future market, the raw materials styrene and diethylene glycol remained high and volatile; maleic anhydride was supported by downstream orders, and the price was firm for a short time; the price of phthalic anhydride was also bullish in the later period, and the performance on the cost side was still strong, and the unsaturated resin market was bullish. Under the effect of cost support, before the advent of the off-season, the price of unsaturated resins may rise to a new height, and the overall market will continue to organize.

Source:http://www.up-resin.com/

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