Resin price index on April 27
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2020-04-27
O-benzene universal resin-120, double ring (DC) hand paste resin 20, artificial stone / quartz resin-180, pultrusion resin-190, winding structure layer resin-150, winding inter benzene lining resin-70, NPG molding resin-40, DPG molding resin-110. The price of resin remained stable and some enterprises adjusted flexibly.
After the early mask hype, this week the chemical raw material market gradually returned to the supply and demand fundamentals. At the same time, with the slight fluctuation of the raw material market, new orders of UPR plant also shrank synchronously, which is the so-called "buy up don't buy down" effect. Due to sufficient orders received in the early stage, the operation of UPR production enterprises has maintained a normal state. According to the current inventory of raw materials, it is still at a historical high, and imported raw materials are still coming in a continuous stream. At the same time, due to the rapid rise of prices and the effect of making money, the early production and maintenance factories have started to resume production in advance, resulting in a substantial increase in supply. Therefore, this week is likely to be a shock turning trend, and a new round of market volatility is likely to start from this week.