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 Q2 2019
Epoxy resins supply was high for most of Q2. However, there was a slight disruption in the middle of the quarter following an explosion at the Jiangsu complex. Subsequent government inspections of epoxy resins plants disrupted normal operations and resulted in a tightening of supply. The inspections, however, did not last long and the oversupply situation resumed shortly after.
Epoxy resins demand was largely lacklustre and became progressively worse towards the the end of the quarter. In particular, the peak season for epoxy resins – which usually runs from March to May – failed to materialise this year. Observers put this down to uncertainty arising from US-China trade tensions which weighed on sentiment for epoxy resins.
European epoxy resins supply from domestic and Asian sources was ample during the second quarter. Epoxy resins supply was unaffected by upstream epichlorohydrin (ECH) output/supply constraints, because they were offset by lacklustre downstream demand.
Epoxy resins demand into the coatings sector typically enters high season during the second quarter. While there was some seasonal uptick in activity during the second quarter, it was moderate, diluted by the fragile economic climate.
Supply and demand were balanced with availability of both domestic and imported material healthy. There were no domestic production issues and the market saw a steady stream of material flowing in from Asia as producers there were keen to export cargoes abroad, where economics were more favorable. As a result, the markets faced steady-to-soft sentiment as availability of material was healthy and demand was mixed.
Seasonal demand from the coatings sector was present, although there was uncertainty regarding demand from the automotive sector. Global economic uncertainty could have affected underlying sentiment. Meanwhile, market players continued to seek competitively priced imports. Domestic prices experienced some upward pressure in May due to feedstock volatility, but were otherwise flat. Epoxy resins have many downstream applications, including coatings, construction and automotive.
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.