1. Polyester Resin

25th Sep. 2016, PTA product index was 45.52, descended 56.20% comparing with the period high and rose 11.21% comparing with the period low.(Remark:the period means since 1st Sep.2011 up to now)

Status and forecast: At present, PTA price remains 4000-5000RMB/T, NPG price rose to 12000, IPA price rose to 13000-14000RMB/T. After the G20 summit, the polyester industry operating rate start raise. But the new transportation policy of September 21st caused the unit freight rise and many kinds of troubles of execution at the beginning. In addition to the approaching National Holidays, the demand from the terminal customers increased. According to the news from most domestic manufacturers of polyester, price of polyester resin is expected to rise in October, increase amount might be 300-800RMB/T.

2. Epoxy Resin

25th Sep. 2016, epoxy chloropropane product index was 49.15, descended 50.85% comparing with the period high, rose 4.91% comparing with the period low.  (Remark: the period means since 1st Sep. 2011 up to now )

Status and forecast: Some time ago, the price of bisphenol A rose a lot and currently remains around 9000RMB/T stably. But the the price of epichlorohydrin is continuously rising recent to 7000RMB/T. This caused the total cost of downstream epoxy resin continued to increase. But the epichlorohydr price is difficult to continuously rise, because the rise in last week has caused the conflict from the downstream. In addition that most downstream manufacturers have prepared enough stock while the rise started. The limit of real demand and the weak consumption capability. Of course, we can not exclude possibility that the manufacturers united together to push the price rising. Price rise before the National Holiday is not quite possible, the market will keep stalemate adjustment. In October the price might be more difficult to remain stable, is expected to rise in October.

3. Titanium dioxide

25th Sep. Titanium dioxide index was 65.56, descended 34.44% comparing with the period high, rose 26.86% comparing with the period low.

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

Status and forecast: Influenced by the G20 summit and the inspection  of the environmental protection, many manufacturers production were limited, production fell 20% to 50% generally. The domestic Top 10 titanium dioxide manufacturers Lomon, Billions, Doguide, Gimpo, CNNC, Xinfu etc., and more than half of the manufacturers’ production reduced which led the current low inventory for the whole market. The supply is very tight.  As the peak season coming,  titanium dioxide prices rise has become a “must”. The suspense is only rise more or less. In the domestic market, how long the impact of environmental factors will determine the future price rend. The price of titanium dioxide is still expected to rise, and the trend may last a long time to the end of the year. The price may keep stable at the first half of October and rise at the second half.

4. Curing Agent

TGIC：At present, the TGIC chlorine price is continuously rising, in addition the production limit of G20 Summit and environment issue, the cost of TGIC still stay in a high base. Most TGIC manufacturers are lack of supply and facing much cost pressure. The price will stay in the high base and the shortage of supply will continue. This kind of situation is expected to be relieved in early of Oct.

HAA, the price of the main raw material DMA and DEA are both rising , and the relative material also rising, HAA price will rise as well.