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

 

Mike



Shenzhen Renchuangyi Electronics Co., Ltd
Tel: 0755-27314226
Address:
Building 4, JinFeng Industry Zone, Heping Village, Fuyong Town, Bao’an District, Shenzhen, Guangdong Province, PRC.:
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