1. Polyester Resin

24th May 2016, PTA product index was 43.34, descended 57.41% comparing with the period high 101.75(22nd Sep. 2011) and rose 8.89% comparing with the period low 39.80(26th Aug.2015).(Remark:the period means since 1st Sep.2011 up to now)

Status and forecast: PTA price is 4600-5000RMB/T, relatively keep stable adjustment. NPG price rose to more than 9000RMB/T. IPA is expected to rise to 15000RMB/T. Due to raw material price rising, the most domestic polyester manufacturers said frankly that the price will keep rising in June, the rise amount might be 200-500RMB/T.

2. Epoxy Resin

25th May 2016, epoxy chloropropane product index was 50.02, create the period low, descended 49.98% comparing with the period high 100(1st Sep.2011 )  

(Remark:the period means since 1st Sep. 2011 up to now )

Status and forecast: The cost pressure of epichlorohydrin is accelerating, while the actual demands of the downstream is so so in general. Especially when the relative products bisphenol A continuously rise, downstream manufacturers face much pressure significantly and the terminal factories purchasing enthusiasm is not high. During the period from May to June,  end demand is gradually fading. Manufacturers are mainly for just need.  The whole market is in a dilemma. The epichlorohydrin market supply is adequate, the manufacturers are mainly digesting the inventory. The downstream manufacturers purchase on-demand carefully. The terminal consumption is weak. There is lack of good prospect for the market. Epichlorohydrin market will stably adjust in the short-term and epoxy market will stay stable.

3. Titanium dioxide

24th May. Titanium dioxide index was 59.20, descended 40.80% comparing with the period high 100(4th Sep.2011 ), rose 14.55% comparing with the period low 51.68(29th Dec.2015 ) (Remark:the period means since 1st Sep. 2011 up to now)

Status and forecast: As everyone knows, the domestic titanium dioxide price weakly rose in this month. The 2016 sixth wave rise happened in 16th and 17th of May. The continuous price rise mainly caused by tight supply, which caused by the surge of foreign trade orders. Manufacturers’ supply priority for the export orders is generally higher and this directly caused the tight supply for the domestic market. Although the low price and low profits, but the domestic price is continuously on the atmosphere of rising, domestic profit could well balance the trade profits. In addition, the market price of anatase seems not so hot as rutile, the price difference has exceeded 2000 RMB/T comparing with rutile. Few manufacturers changed focus on rutile titanium dioxide. The market is thriving , more than 20 domestic rutile manufacturers shows optimistic about the continuous rise, the market still keep “no goods at high price”, 1-2 waves price rise are expected.

4. Curing Agent

TGIC：the TGIC chlorine price will keep stable.

Tgic-free curing agent, the price of the main raw material DMA and DEA is quite stable now and the HAA price will keep stable in the period.