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 2021
Supply fell, firstly on a protracted outage in China, where a major local plant had gone off-line since October 2020, and secondly, on feedstock supply constraints that served to cap operating rates at other functioning epoxy resins units in the region.
Demand surged both due to steady post-coronavirus recovery in Asia of related downstream industries like automobile and construction, and because end-users in markets further afield like US and Europe sought to cover their domestic shortage with purchases of Asia-origin materials.
Supply was significantly squeezed during Q1, due to elevated buying activity, import disruption, compounded by the Suez Canal blockage, and upstream bisphenol A (BPA) and epichlorohydrin (ECH) supply shortages. Some epoxy producers were forced to reduce rates, because of insufficient feedstock supply.
Demand was unseasonably strong during Q1, on the back of rebounding downstream markets and reduced supply, which triggered supply security concerns.
Supply was improving up till mid-February, but went into turmoil when 62% of US production went down due to the winter storm. Both major producers were on force majeure and implemented strict allocations. With panic buying taking place in some corners, premiums were paid to get surety of volumes. Some grades had better availability than others, while buyers in preferred sectors appeared to be covered. Imports picked up amid high netbacks.
The storm did impact auto production due to the shortage of chemicals. Other end-users also curtailed production due to the lack of one or more raw materials. But prices experienced upward pressure in a short market, with little to no leverage for buyers, as competition to secure volumes was intense globally. Demand destruction increasingly became a point of concern amid rapidly escalating prices.
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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