I. Xinhai Real-time Market Quotes:
From the end of March 2024 to the beginning of April 2024
Forecast:
"Polyester Resin" → Stable prices.
"Epoxy Resin" → Stable prices.
"Titanium Dioxide" → Stable prices.
"TGIC Curing Agent" → Stable prices.
"HAA Curing Agent" → Stable prices.
"Acrylic Resin" → Stable prices.

"Fluorine Resin" → Stable prices.

II. Material Analysis:

 1. Polyester Resin The market price trends of the main raw materials of polyester resin, PTA and NPG, ethylene glycol, and IPA, are as follows:

           

Feedstock Level:

PTA: International crude oil prices have fallen slightly, slowing down the cost guidance for PTA. The market is well-stocked, and downstream polyester demand is relatively weak. It is expected that PTA will continue to fluctuate weakly in the short term.
NPG: Recently, the production of neopentyl glycol plants has been stable, and inventories have increased. There are few downstream orders, and overall demand is weak. It is expected that the neopentyl glycol market will operate narrowly and weakly next week, with a reference range of 9800-10100 yuan/ton.
Ethylene Glycol: Overnight crude oil prices fell, providing insufficient support for ethylene glycol costs, and ethylene glycol spot prices adjusted slightly. Meanwhile, port inventories have increased recently, and it is expected that the ethylene glycol market will continue to weaken in the short term.

IPA: The interphenylene dicarboxylic acid market in East China has continued to consolidate recently, with downstream demand mainly being for immediate needs. In the short term, the market assessment reference is 8700-8750 yuan/ton delivered on acceptance.

Supply and Demand Level:

 Recently, the operation of domestic polyester resin plants has been stable to weak, with pressure from finished product inventory, and overall demand has been relatively weak. It is expected that the polyester resin market will still mainly focus on replenishing immediate needs in the short term.

2. Epoxy Resin The market price trends of the main raw materials of epoxy resin, "epichlorohydrin" and "bisphenol A," are as follows:

Feedstock Level:

Epichlorohydrin: Recently, the spot supply of epichlorohydrin has been sufficient, and the market has been weak and low. As of the closing on Thursday this week, the mainstream reference negotiations in East China were 7700-7800 yuan/ton delivered on acceptance; in Shandong, the mainstream reference negotiations closed at 7550-7600 yuan/ton delivered on acceptance; and in Huangshan, the mainstream reference negotiations were 7700-7800 yuan/ton delivered on acceptance.

Bisphenol A: Recently, the domestic bisphenol A market supply has been relatively ample, with little change in terminal demand and a slowof downstream procurement. It is expected that the bisphenol A market will have limited fluctuations in the short term, mainly focusing on immediate needs.

Supply and Demand Level: Recently, the spot supply of epoxy resin has been ample, with no significant improvement in terminal industry demand. Downstream factory order volumes have decreased compared to previous years, and market demand performance has been poor. It is expected that the epoxy resin market will still mainly focus on replenishing immediate needs in the short term. 

3. Titanium Dioxide The commodity index trends for titanium concentrate over the past three months are as follows: 

The commodity index trends for sulfuric acid and sulfur over the past three months are as follows:

Feedstock Level:
Titanium Concentrate: Recently, the price of titanium concentrate has been at a high stage, with the average transaction price of 46% titanium concentrate rising to 2275 yuan/ton as of Thursday this week. Overall, titanium white raw materials have a certain upward support effect on titanium white prices, and mainstream market prices are firm.

Sulfuric Acid: This week, the domestic sulfuric acid market continued to trend upward. As of Thursday this week, the average market price of domestic concentrated sulfuric acid 98% was 328.59 yuan/ton. The sulfuric acid market in East China still has an upward trend. In Fujian, the supply and demand relationship is relatively tense, and the price has increased by 60 yuan/ton. In Shandong, the sulfuric acid market as a whole has risen this week, with no significant change in overall downstream demand, but under the impetus of rising sentiment, procurement enthusiasm is still considerable. In South China, the sulfuric acid market has stabilized at a high level, with localized increases, ranging from 20-50 yuan/ton. In Southwest China, the sulfuric acid market has continued. 

4. TGIC Curing Agent The price trend of the main raw material "epichlorohydrin" for TGIC curing agent is as follows:

Feedstock Level:
Epichlorohydrin: Recently, some epichlorohydrin facilities have maintained a shutdown or low-load state, while other factories have no plans to shut down or reduce production. The 60,000-ton/year new glycerol method epichlorohydrin facility by Zhejiang HaoBang has not yet been put into operation. The market has an overall ample spot supply, and downstream consumption of epichlorohydrin is relatively slow, with replenishment expected to be the main focus in the short term.
Supply and Demand Level (TGIC Curing Agent): Recently, the supply of TGIC has been ample, and market demand has been relatively flat. It is expected that TGIC curing agent will remain stable in the short term.

5. HAA Curing Agent The price trend of the main raw material "diethanolamine" for HAA curing agent is as follows:

Feedstock Level:
Diethanolamine: Recently, the domestic diethanolamine market has been weak. As of Thursday this week, the average price of diethanolamine was 6580 yuan/ton. Downstream industry inventories are sufficient, and procurement enthusiasm is relatively flat, with immediate needs expected to dominate the market in the short term.
DMA: Recently, hexanedioic acid plant production lines have been running smoothly, and downstream demand has been relatively flat. The market delivery situation is stable to weak, mainly driven by immediate needs, with the price expected to operate within the range of 9000-9200 yuan/ton in the short term.

Supply and Demand Level: Recently, the supply of HAA curing agent has been ample, and terminal demand has been relatively flat. It is expected that the HAA curing agent market will remain stable, primarily driven by immediate needs, in the short term.

6. Acrylic Resin The price trends of the main raw materials "MMA" and "styrene" for acrylic resin are as follows:

Feedstock Level:
MMA: Recently, the domestic MMA production load has been relatively stable, with insufficient new orders in the downstream industry and low intent to purchase raw materials. It is expected that the MMA market will experience a narrow consolidation in the short term.
Styrene: The raw material pure benzene has stopped falling and stabilized, continuing to support styrene prices at the cost end. Terminal demand has been relatively flat, with the styrene market expected to be stable to weak in the short term.

Supply and Demand Level: It is expected that the supply of acrylic resin will be relatively stable in the short term, with the market focusing on immediate needs for procurement.

7. Fluorine Resin The price trend of the main raw material "PTFE" for fluorine resin is as follows:

Feedstock Level:
Polytetrafluoroethylene (PTFE): Recently, the market supply of polytetrafluoroethylene has been relatively stable, with downstream demand being relatively flat. It is expected that there will be little change in supply in the short term, with the market focusing on immediate needs for replenishment.
Polyvinylidene fluoride (PVDF): The domestic polyvinylidene fluoride market has continued to run weakly recently, with no significant supportive demand at the demand end, and prices have continued to be weakly consolidated. It is expected that there will be no significant changes in the fundamentals of the polyvinylidene fluoride market in the short term, with a continuation of weak consolidation.

Supply and Demand Level: The spot supply of fluorine resin is overall ample, and terminal demand has been relatively flat. It is expected that immediate needs will drive replenishment in the short term.