RCY ELECTRONIC : Price of Epoxy Resin rises soaringly
According to the data, the market price of epoxy resin rose by October 21, and it rose by 3.37% compared with last Friday (October 18)
It i s reported that domestic epoxy resin prices have been on the rise since 2019.
From September to October, the industrial demands of epoxy resin
reaches at the seasons’s peak and prices have soared
Recently, several large factories in Jiangsu have raised their prices by RMB 500/ton.
However, due to the excessive procurement in the downstream,four to five large factories stopped receiving orders or limited orders
and some closed factories took care of the special needs of individual enterprises. The price increase has reached 1,000 yuan / ton
In addition, it seems that this week’s mainstream price increase of 1000-1500 yuan / ton is possible
Insiders analyzed that the unusually hot situation in the epoxy resin market is directly related to the rise in the price of upstream epichlorohydrin