Affected by rising international crude oil prices and user preparation before the Chinese New Year, in January this year, the sales volume of some domestic manufacturers' paste resins increased, inventory levels dropped significantly, and prices remained stable overall. Shanghai chlor-alkali paste resin ex-factory price continued to operate at a high level of 10,000 yuan (t price, the same below), and other manufacturers' prices fluctuated between 9500 and 10,000 yuan. Import paste resin prices are firm, Hanwha leather materials rose slightly, quoted at 1,000 US dollars.
The main factors affecting the recent paste resin market are: First, the rise in international crude oil prices, resulting in VCM, EDC and other oil chain product prices not only stabilized and stabilized, but also a larger increase, driving the cost of imported paste resin rise, and make the product prices firm. Reduced pressure on the domestic paste resin market; Second, users and middlemen consider factors such as the Spring Festival holiday and the spring transport capacity in late January, which are heavily stocked in mid-January. Therefore, although January is the off-season period for the paste resin market, the market However, the demand for paste resin increased; the third was influenced by the pre-stocking of users and middlemen, some manufacturers' sales volume of paste resin was enlarged, inventory was decreased, individual brands were not even stocked, and sales tasks were completed better; Fourth, Shanghai Chlor-alkali paste resin The ex-factory price is stable at a high level above 10,000 yuan, which not only steadily increases the economic efficiency of the company, but also has a positive effect on stabilizing the entire market.
On the whole, in early February, affected by holidays, the sales volume of various manufacturers will be affected, and the price will be mainly concentrated or slightly up. However, after mid-to-late February, with the gradual increase in the downstream operating rate, the market will gradually increase the demand for paste resin, plus the price of imported paste resin is relatively strong, Shanghai chlor-alkali paste resin operates at a high level, and most manufacturers have a small amount of inventory. Resin prices are expected to enter the rising channel and there will be an increase in prices.
Paste resin to climb out of the trough
Due to better-than-expected domestic paste resin market trend in January, it is expected that the domestic paste resin market will gradually come out of the trough in February and the price will rise steadily and become the main theme of the market.