Paste resin market continued high consolidation

In September, due to the tight supply of calcium carbide as raw material and the drop in the operating rate of manufacturers, the price of paste resin increased significantly. It is expected that in October, the paste resin market will continue this trend, prices will be dominated by high consolidation, and some areas still have some room for growth.

September has entered the peak season for paste resin consumption. The operating rate in the downstream industry has been steadily increasing. The demand has a certain growth trend. The demand for wallpapers, glove materials, automotive leather and toys has improved to varying degrees, and raw materials and product markets have been presented. Tight price trend. At the same time, due to the tight supply of calcium carbide, the majority of the manufacturers' raw materials entered the plant and were affected differently. The production was unstable and the operating rate decreased, and the inventory of products fell to a new low during the year. A few manufacturers did not even have inventory, and some also had a time-out. Quotes phenomenon.

The influence of holiday factors can not be ignored. In late September, the Mid-Autumn Festival and the National Day are very close to each other. Some downstream users and middlemen are preparing goods before the holiday, which is also a direct reason for the relative shortage of short-term sources. In addition, after Shenyang Shenyang Chemical's paste resin plant was shut down for maintenance in August, due to the low inventory of paste resin in the month, inventory in September continued to decline, which had a certain impact on the market. Affected by the national policy on energy conservation and emission reduction, the price of calcium carbide has risen sharply, which has led to a substantial increase in the cost of paste resin. At the end of September, the low-cost resin-to-plant price fluctuates from 11,600 to 11,800 yuan/ton, and the high-end to factory price ranges from 12,000 to 12,300 yuan/ton.

In October, it is still a season of good consumption in the paste resin market. The operating rate of the downstream industry will maintain its current level, and paste resin products will still have a relatively large market demand. In the fourth quarter, domestic limited production of calcium carbide and production cuts are a foregone conclusion. It is difficult to really change the tight supply of calcium carbide in the short term, and it is not ruled out that there is a possibility of further price increases, thus supporting the stabilization or increase in the price of paste resin at the cost level. In addition, at the end of September, the inventory of paste resins of most manufacturers was relatively small, and there was no inventory pressure in the market, which would help the market outlook to rise.

However, due to the relatively long holidays on National Day this year, together with the fact that some middlemen and users have already made substantial stockpiles prior to the holiday season, the usage of paste resin has declined slightly in early October. However, in general, the paste resin market in October will continue to maintain a good trend, and the price of paste resin will fluctuate at the current high level, and the possibility of further improvement will not be ruled out.