Domestic giants raise the price of resin products， supply and demand are tightly superimposed
Domestic giants raise the price of resin products, supply and demand are tightly superimposed
According to insiders of Fangxin Resin, based on the recent surge in prices of raw materials such as epoxy resin, combined with the actual situation of Fangxin, it is decided to increase the price of epoxy vinyl ester resin by RMB 1,000/ton from February 25.
Previously, Huangshan Yixian Circular Economy Park Heating Co., Ltd. issued an emergency notice, because the fluidized bed boiler needs cleaning and maintenance, and announced an emergency shutdown, resulting in a significant reduction in domestic epoxy resin supply. Huangshan is an important production base for epoxy resin and polyester resin. Its resin production capacity accounts for about two-thirds of the country's total.
In China, due to the influence of environmental protection factors on epoxy resin, domestic enterprises are in a state of reshuffling, and the survival pressure of small and medium-sized enterprises is relatively high. In addition, China has previously imposed a 25% tariff on imported epoxy resin products from the United States, affecting imports of around 30,000 tons, which will continue to push up the price of epoxy resin.