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 Q1 2020
Although production in wider Asia was broadly stable, China was severely affected with all plants shut for most of January and February due to coronavirus-induced lockdowns. Even though production in China resumed incrementally in March, operating ratios there were dampened by lacklustre downstream off-take.
Demand was good in early Q1 2020, as downstream users in China rushed to procure from suppliers elsewhere in the region, to fill gaps left behind by domestic plant closures in January and February. Buying interest was also more positive then in Middle East and India, as these were outlets typically more reliant on China-origin materials. However, towards the end of the quarter, demand dissipated everywhere as the coronavirus spread became more pervasive and declared a global pandemic.
Europe epoxy resins supply tightened during the first quarter, due to upstream output/supply constraints and Asian import disruption because of the coronavirus – which led to higher-than-expected demand domestically.
While there were widespread downstream auto output closures in late Q1 and construction activity was mixed, depending on country and the severity of coronavirus lockdown measures, wind energy, DIY sectors and certain segments like can coatings remained healthy.
US epoxy supply was steady with both domestic and imported material available. There were no domestic production issues and the market continued to see an influx of imports from Asia. However, as Lunar New Year and the virus impacted production in China, some Asian material was diverted away from the US. As a result, domestic prices experienced upward pressure at the close of Q1.
There was a boost in short-term demand as some saw no slowdown in activity despite the coronavirus, while others requested more domestic material amid concerns of a possible disruption to the flow of imports. But the coronavirus also created headwinds in the housing and auto sectors. The markets turned bearish as GDP forecasts were revised downward and concerns grew over a global recession.
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.
As a global event, a worldwide perspective is reflected throughout agenda topics, speakers and attendees. With content covering regional trends and their impact globally, you can expect to gain insight on a variety of relevant topics