Morning Market Update: Epoxy Resin

I. Key Focus Points

1. Market concerns regarding escalating US-Iran tensions, combined with continued Houthi attacks on Saudi energy facilities, have driven international crude oil prices higher. ICE Brent futures (December contract) rose by USD 1.44/barrel to USD 115.32/barrel, a day-on-day increase of +1.26%.
2. Prices for both key raw materials remained stable, keeping the overall cost structure for epoxy resin firm.
3. On the demand side, new order inflows were insufficient, resulting in a stalemate in epoxy resin market prices.

Core Logic: With no clear directional guidance from raw material prices, the overall cost base for epoxy resin remains high. Downstream procurement is limited to essential needs, and manufacturers are pricing according to market conditions. Consequently, the epoxy resin market center is consolidating sideways.

II. Price Table

Notes:

1. Prices listed in the table are in RMB, unit: CNY/ton.
2. All RMB prices quoted above are tax-inclusive.
3. The two price columns represent spot prices from the previous two working days prior to this week.
4. "Change" indicates the day-on-day variation.

Data Source: Chempricehub Information

III. Market Outlook

Cost-side prices remain at elevated levels, while downstream demand is limited to essential purchases only. Epoxy resin is caught in a tug-of-war between high costs and weak demand, making it difficult for actual transaction prices to move significantly in either direction. Raw material prices are expected to continue fluctuating. Given the combination of high costs and sluggish demand, upward price momentum for epoxy resin may face resistance. The market price is projected to consolidate sideways. Cautious operation is recommended.