1. PolyEster Resin

27th Jan.2016, PTA index was 607, descended 43.64% comparing with the period high 1077(13th Feb.2012 )and rose 0.17% comparing with the period low 606(24th Jan.2016).(Remark:the period means since 1st Dec.2011 up to now)

Status and forecast:PTA price is around 4oooRMB/T, but most manufacturers told the current market price is even lower than the purchase price. They need other business unit to balance the profit of the resin unit. NPG price is around 7000RMB/T, IPA price is around 8000RMB/T, all for base price.

The price for polyester resin will keep stable in the coming Feb. And Mar., may rise up in the Apr.

2. Epoxy Resin

27th Jan. epoxy chloropropane index was 52.85, down to the period record, descended 47.15% comparing with the period high 100(1st Sep.2011 ) (Remark:the period means since 1st Sep. 2011 up to now)

Status and forecast:Influenced by the bleak international oil market, Phenol acetone, the raw material of bisphenol A, still keep weak shake. With the Spring Festival is approaching, Epoxy resin market demand becoming smaller. Even the international oil price keep crashing, the RMB exchange rate keep depreciation and the constraints of Chinese domestic demand, factories still facing the cost pressure. The space for dropping down is limit, but weak shake down will last some time. Manufacturers in Huangshan area are planning to stop production in the end of this month or the beginning of next month. Influenced by the Russia production maintenance and the raw materials impact of the mainstream manufacturers, the price of bisphenol A may rise after the Spring Festival while the price of epoxy chloropropane may keep stable to the end of February or the beginning of March.The epoxy resin may slightly rise in late February after the Spring Festival.

3.Titanium dioxide

Status and forecast:Titanium dioxide market price still depends on the supply and demand relations. The large quantity selling behavior of the specific areas and the individual material holders is not market behavior. With the national real estate inventory policy, and the promotion of the development of downstream coatings, plastics and other industries, titanium dioxide weak market phenomenon has begun to ease. After the first price increasing 300 RMB/T in 6thof January,  Sichuan Lomon Titanium Dioxide increased the price again up to 300RMB/T per ton, increasing rate nearly 3%, exceeded the market expectations. And other companies will follow the trend to rise. Data shows that in 2015 Chinese titanium dioxide production capacity was around 3 million 520 thousand tons, titanium dioxide industry operating rate was 67%, the overcapacity caused the more and more production device stop production. Along with the innovation of the supply side, the small capacity factories are  expected to be merged and the integration reform of the industry will be accelerated. Titanium dioxide price has fallen to the historic low in early 2016, less than 10 thousand RMB/T, many manufacturers selling price was lower than the cost. "Low price, Low stock, low operating rate” is the general status of the whole industry, but professional agencies are expected that the price increasing of titanium dioxide may up to 2000RMB/T in this circle,the potential rise space nearly 20%.

4. Curing Agent

TGIC: At present, the TGIC chlorine price will keep stable to the Spring Festival. The price may rise after the Spring Festival, the end of February.

Tgic-free curing agent, the price of the main raw material adipinic acid, dimethyl ester and diethanol amine are currently stable, and will last for quite a long time.