The ICIS Epoxy Resin reports are published in Asia, Europe and the US on a weekly basis. In Asia and the US, the price assessments focus on liquid spot.
In Europe and the US, contract prices are for liquid and solid grades. These reliable and unbiased prices are collated by our locally based reporters and the news and analysis about production issues, upstream and downstream movements, plus supporting graphs all go towards making this an essential resource if you are buying or selling in the market.
Updated to Q4 2020
Epoxy resins supply in Asia tightened significantly during the quarter, after operations at a 160,000 tonne/year plant in China were suspended from end-October, following a fire. There were also other scheduled plant maintenance shutdowns in the region, which squeezed regional supplies further.
Demand for epoxy resins was supported in the quarter by the wind sector requirements in China, as well as by steady offtake from traditional downstream industries like construction, coatings and automotives, many of which recovered gradually from the coronavirus pandemic in first-half 2020.
Supply tightened significantly during Q4, due to production issues in Europe and Asia, which limited domestic and import availability. Asian volume was also prioritised to a strong China market. Stronger-than-expected demand in Europe in Q4, amid downstream recovery and supply concerns and upstream BPA constraints compounded the epoxy market tightness.
Demand increased in Q4, driven by downstream recovery and supply security concerns. Asian import constraints and delays triggered more domestic demand and production issues in Europe and Asia led to more short-covering needs. Brexit stock-build provisions and pre-buying due to the bullish and tight sentiment also boosted demand in Q4.
US epoxy faced significant upward pressure as sentiment shifted abruptly due to a tighter supply picture. The global markets were in turmoil after a major outage in China, a cracker fire in South Korea, a force majeure in Europe and turnaround activity. Availability of product was much tighter amid reduced imports and volume allocations. Suppliers held firm, providing minimum volumes in some cases.
Conversations primarily focused on supply, rather than demand or prices. There appeared to be less leverage regarding prices as getting surety of volumes became a high priority. Players turned to multiple sourcing options, including domestic and non-traditional ones, as they looked to fill the void from volume allocations and reduced imports. As downstream consumption continued to recover, some buyers scrambled to secure supply, with some panic buying taking place.
We offer the following regional Epoxy resins analysis and news coverage to keep you informed of factors and developments affecting prices in the Epoxy resins marketplace.
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Epoxy resins are versatile polymers used in the manufacture of adhesives, coatings (such as industrial and maintenance coatings in oil and gas pipelines), paints and structural parts needed by the automotive, aerospace and aircraft industries.
Epoxy resins are high-performance thermosetting resins that are most commonly produced by reaction of epichlorohydrin and bisphenol-A (BPA). They have excellent adhesion, chemical and heat resistance, and very good electrical insulating properties.
The main applications for epoxy resins are high-performance coatings, electrical/electronic laminates and adhesives, flooring and paving applications with uses in the automotive, construction and aerospace industries.
Coating applications include powder coatings, marine and protective coatings, can and coil coatings, ultra violet (UV) curable coatings and automotive coatings. The construction industry uses epoxy resins because of their excellent adhesion to steel and concrete. In the electronics sector, they can be used to encapsulate electronic components. A growth area is high-performance composites in the aerospace industry.
Safeguard your future with the opportunity to discuss your expectations and learn from industry experts at The ICIS 2020 World Phenol-Acetone Conference, a biennial event in the calendar of professionals across the globe. You can get face-to-face time with existing suppliers or explore new business opportunities to initiate future connections.
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