The analysis of the trend for main raw material of PowderCoatings

2020-03-20

1. Polyester Resin 

PTA and NPG ------the two main raw materials of Polyester Resin, the market price of PTA was generally decreasing,and NPG ( Shandong) was overall stable but showing a downward trend. The charts are as follows.  

Raw material: Affected by the substantial increase in production of oil exporting countries, the international crude oil price continued to fall, and the price of PTA also fell sharply recently. And also influenced by the pandemic, downstream customers’ market demand is not good. Under the pressure of supply and demand, PTA is expected to show a downward trend in the short term. Affected by the decline in NPG upstream raw material prices and the lack of demand in the downstream market,NPG market transactions have declined significantly. It is expected that NPG will fall slightly in the short term.

Supply and demand: Affected by the pandemic, downstream customers’ market demand decreased and the current Polyester load factor is 80.17%.

ECOSEA prediction: The price of ‘Polyester resin’ is expected to drop in the end of March and the beginning of April,2020.

2. Epoxy Resin 

‘Cyclochlorine’ and ‘Bisphenol A’ ------ the two main raw materials of Epoxy resin and the market price charts are as follows. 

Raw material: The Epichlorohydrin market was adjusted slightly this week, the new orders were generally in operation, and the cyclical producers’ offers were lower. With the general replenishment of some downstream customers, some of the cyclical chlorine production enterprises have the intention to increase prices. However, due to the impact of international crude oil and international markets, as of the close of Thursday, the mainstream reference price in the East China market was 8500-8700 yuan / ton acceptance delivered. The mainstream reference price of Huangshan market is 8500-8700 yuan / ton acceptance; the mainstream reference price of Shandong area is 8300-8400 yuan / ton, and it is expected that the Epichlorohydrin will show a slight downward trend in the short term.

This week, the domestic bisphenol A market has a slight upward trend. Due to the sharp price drop last week, the market’s cost pressure on the market’s holders was significantly greater. The price of crude oil continued to fall recently. On Thursday’s close, domestic bisphenol A spot trading was relatively light, and the market price of bisphenol A in East China was 8900 yuan / ton In the short term, the price of bisphenol A is expected to stabilize or fall slightly.

Supply and demand: Affected by the pandemic, the demand of downstream end customers has not fully recovered, and the demand is relatively weak. And the operating rate of solid manufacturers is about 50%.

ECOSEA prediction: The price of ‘Epoxy resin’ is expected to drop in the end of March and the beginning of April,2020.

3. Titanium dioxide 

The commodities index of Titanium concentrate in the past three months is as follows:

The graph of the sulfur commodity index in the past three months is as follows:

The trend of commodity index of sulfuric acid in the past three months is as follows:

Raw material: Recently, new orders for titanium concentrate in Panxi area have decreased, most of the mining enterprises have already put into production, and the supply of titanium concentrate has increased.However, the overall downstream demand is relatively weak, and it is expected that the price of titanium concentrate will fall or stabilize in the short term. This week, the domestic sulfuric acid market went up and down. Among them, the downstream factories in central Shandong continued to shut down for maintenance, and the prices of high-priced smelting acid and sulfuric acid in the region were flexibly lowered by 20 yuan / ton. Jiangsu's main acid companies continued to produce at low load, demand in the region increased slightly, and some acid companies rose narrowly by 30 yuan / ton. The demand in Inner Mongolia is relatively weak, and the inventory pressure of acid companies is relatively large, and some acid companies flexibly lowered by 30 yuan / ton. The downstream demand in Guangdong has increased significantly, and the sulfur sulfonic acid enterprises have obviously consumed inventory. The quoted price has risen by 30 yuan / ton. As the demand for phosphate fertilizer acid in Yunnan, Hubei and other places further increased, the shipment of acid companies in Jiangxi, Anhui, Fujian, Henan, Guangxi and other places showed signs of improvement compared with last week. However, it will take time for the inventory pressure to be completely relieved. This week, the acid price is mostly low. As of now, the average negotiated price of 98% domestic mainstream sulfuric acid is 104.79 yuan / ton. This week, the domestic sulfur market is relatively flat, and downstream factories are not very motivated to purchase. According to their own shipments, most refineries in the country mainly maintain stable operations, and some refineries continue to rise slightly. Some local refineries will resume production at the end of the month due to parking companies. lAs of now, the average price of domestic sulphur has risen to 548.7 yuan / ton, and it is expected to maintain stability in the short term.

Supply and demand: The overall start-up of the manufacturers is stable and the supply is sufficient, but the start-up load of downstream enterprises is slow to increase, and the market demand is relatively flat.

ECOSEA prediction: The price of ‘Titanium dioxide’ is expected to drop in the end of March and the beginning of April,2020.

4.TGIC Curing Agent 

Raw material: As the price of epichlorohydrin has been declining from the end of February to mid-March, it has remained stable during the week, and the overall operating load of the epichlorohydrin plant is relatively stable. However, the operating load of some manufacturers has been slightly reduced, and the ring chlorine devices of Shandong Haili and Jiangsu Haixing are still in a state of shutdown. Restart time is still pending. Most of the manufacturers in the market have higher stocks, more abundant spot supply, logistics and transportation are gradually returning to normal, and downstream demand is recovering slowly. Recently, due to the decline of TGIC raw materials, the prices of TGIC of second and third-tier brands have all been lowered. For some TGIC products of first-tier brands, due to the large number of factory orders and full load at the start of construction, the price has not been adjusted due to the impact of falling raw materials. However, the price of TGIC is expected to fall slightly in the short term.

Supply and demand: Slowly recovered due to the improvement of the pandemic, the enterprise started at full capacity, and logistics transportation returned to normal, but the actual overall downstream demand is still relatively flat, and it will take time to recover.

ECOSEA prediction: The price of ‘TGIC curing agent’ is expected to drop in the end of March and the beginning of April,2020.

5.HAA curing agent

Raw material: This week, the DEA diethanolamine market transaction was flat, because the downstream demand has not been further improved, the actual order turnover is small, and the price of diethanolamine is still low this week. The domestic factories in Yamba and Sribang are fully loaded, and the Jinyan plant runs smoothly. It is understood that some large factories in the later period have maintenance plans, and the overall domestic supply will maintain a steady state of tightening. It is expected that diethanolamine will be mainly maintained in the short term. DMA dimethyl adipate's downstream market has continued to be weak recently. End customer demand has been slow to recover, production plants have started to work with stable loads, and market supply sources will increase. It is expected that DMA prices will mainly stabilize in the short term.

Supply and demand: The operating rate of enterprises has been gradually improved, and logistics transportation has gradually returned to normal, with sufficient supply in the market, and the demand of downstream customers is flat.

ECOSEA prediction: The price of ‘HAA curing agent’ is expected to be stable in the end of March and the beginning of April,2020.

6.ECOSEA’S Japanese sliver ion antibacterial agent

 1、IONPURE WPA====EPA certification、FDA certification

 2、IONPURE IPL====EPA certification、BPR certification

 Antibacterial rate is greater than 99%, and the antibacterial effect is more than 10 years.

Welcome to contact ECOSEA sales staff!