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 Q3 2020
Supply was tighter across the region in the first half of the quarter, given some planned and unplanned output losses. The situation outside of China broadly resumed normalcy towards the end of the quarter, though that within China remained snug, in part because domestic production was generally constrained by tight government controls on industrial activities.
In H1 Q3, regional demand was centered almost entirely in China, and specifically only from the country’s wind sector. But offtake from other traditional applications, such as construction, started to improve in the second half of the quarter, alongside the steady post-coronavirus recovery of downstream manufacturing activities across the region.
The market remained well supplied during Q3, despite relatively low South Korean imports, as downstream demand gradually recovered from the Q2 coronavirus low. Europe epoxy resins production was sufficient to cover demand. Spolchemie had a turnaround during the quarter and a delayed restart for one unit, but any effect on supply was limited and short term.
Following the coronavirus low in Q2, activity incrementally improved in Q3, although buying sentiment remained cautious. Construction recovered well and auto activity also lifted, but it was slower to recover than other sectors. Marine and wind energy demand was largely solid. Packaging demand levelled off following the lockdown boom.
Supply was steady in Q3 with both domestic and imported material available at competitive prices as suppliers looked to move volume. There were no domestic production issues and the market saw a healthy influx of imports from Asia. Imports exerted pressure on prices but less material was sent from Asia later in the quarter as demand picked up in China, especially from the wind energy sector.
Demand was a mixed bag and fell into a predictable pattern. Although some players and sectors saw demand pick up, it was not robust. The automotive and construction segments recovered as the economy improved, but energy and aerospace did not. Some buyers preferred to place more short-term orders as demand remained difficult to predict. Concerns mounted as coronavirus cases continued to rise in some parts of the country.
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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