Morning Market Briefing on the Epoxy Resin Market

I. Key Points

1. Geopolitical Tensions Ease: The US and Iran are scheduled to hold talks, leading the market to anticipate a de-escalation of geopolitical tensions. Consequently, international crude oil prices declined; ICE Brent futures (November contract) closed at $99.25/bbl, down $1.09/bbl (-1.09% WoW).
2. Raw Material Stability: Raw material prices remained stable for now, with epoxy resin costs consolidating.
3. Weak Demand: Pre-holiday stockpiling activity was lackluster on the demand side, causing the epoxy resin market to fluctuate and weaken.

Core Logic: Raw material market prices have stabilized, but pre-holiday stockpiling by downstream users is insufficient. Manufacturers face pressure on shipments, with actual transaction prices trending downward amid fluctuations. Overall market sentiment remains cold.

II. Price Table

• Notes:
  1. Prices in this table are in Chinese Yuan (CNY), unit: CNY/ton.
  2. All CNY prices listed above include tax.
  3. The two price columns represent spot prices from the previous two working days before this week.
  4. "Change" refers to the Week-over-Week (WoW) variation.
     Data Source: Chempricehub Information

III. Market Outlook

Cost-side prices remain stable, maintaining overall cost support. The epoxy resin market is experiencing slight losses, yet in-market demand continues to be driven primarily by rigid needs. Manufacturers face shipment pressures, leading to increased discounts on actual transaction prices. It is expected that cost-side prices may consolidate or fluctuate before the holiday. Epoxy resin shipments will likely remain under pressure, while demand will continue to reflect a rigid-need pattern. Market prices are forecasted to trend weakly within a stable range; cautious operations are recommended.