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 2019
Supply was tighter earlier in the quarter, stemming from maintenance closures at some regional plants, but normalcy was restored towards the end of the quarter, after all maintenance work was completed and the plants fully restarted.
Demand within China was steady, supported by firm requirements from the wind energy sector, which made up to some extent losses from the fledging automobile industry. But outside of China, buying appetite remains muted, both on the back of a seasonal year-end demand lull, but also because the global economic downturn continued to weigh down downstream sentiment.
Domestic epoxy resins supply in Europe was good during the fourth quarter on seasonally slower demand, although Asian exports shipped to Europe with late Q4/early Q1 arrival were lower. However, the latter was mitigated at year-end by the quiet Christmas/New Year holiday period.
European epoxy resins demand seasonally slows during the fourth quarter, because the main downstream construction sector heads into low season. The fragile economic climate and the quiet Christmas/New Year period were also contributing factors.
Supply and demand were steady, with availability of both domestic and imported material healthy. There were no domestic production issues and the market continued to see an influx of imports from Asia, although pressure from imports lessened at the end of the year. Overseas suppliers were keen to export cargoes, but volatility in China diverted some material away from the US, so domestic prices ended up pushing flat at the year-end.
Demand was soft in the fourth quarter. The main reason is that demand was slow on seasonality and it was also limited by under performance in certain sectors amid global economic headwinds. In general, sentiment was subdued. Market players continued to seek competitively priced imports, but overseas suppliers became increasingly reluctant to lower prices amid feedstock volatility.
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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