• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Mixing Equipment Directory

    The Wood Coatings Market

    Antimicrobial Coatings Market

    Additives Update

    Pigment Supplier Directory
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    Croda Named Most Admired Company in British Chemical Sector

    Ashland Increases 1,4-Butanediol, Derivatives Prices in Europe

    First Source Worldwide, LLC Celebrates 20th Anniversary

    Chromaflo Technologies Adds Benjamin Woeste as Territory Sales Manager

    Maroon Group Acquires Cary Company's Raw Materials, Specialty Chemicals Distribution Business
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    The Connection Between Color Psychology & Productivity In The Workplace

    Benjamin Moore Launches COMMAND

    Mule-Hide Products Co. Introduces Seal-Fast Liqui-Flash

    IFS Coatings Breaks Ground on 70,000-Square-Foot Expansion

    Conversation with Henning Kreis of Zeppelin Systems
    Additives
    Binders
    Pigments
    Solvents

    Ashland Increases 1,4-Butanediol, Derivatives Prices in Europe

    AOC Announces EMEA Price Increase

    OQ Chemicals Increases Carboxylic Acids, Esters Prices

    Arkema Reports Full-year 2020 Results

    New Increase in Kynar Fluoropolymer Capacities at Arkema's Chinese Site
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Active Minerals

    Eagle Specialty Products

    Shepherd Color Company, The

    Keim Additec Surface USA LLC

    Siltech Corporation
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Surface Finishing Mexico 2021

    Cleveland Coatings Society Zoom Meeting

    Cleveland Coatings Society Zoom Meeting

    PCI Powder Coating Week

    Southern Society for Coatings Technology Annual Meeting and Technical Conference
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Eagle Specialty Products

    Shepherd Color Company, The

    Active Minerals

    Keim Additec Surface USA LLC

    Pilot Chemical Company
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Features

    A Fraught Path through the Summer for Epoxy Resins

    ...

    Related CONTENT
    • Ashland Board Declares Quarterly Dividend
    • Powder Coatings Industry Enjoyed Positive Growth in 2018
    • LANXESS Increases Yellow Iron Oxide Pigments Prices
    • Ashland Board Declares Quarterly Dividend
    • LANXESS Increases Prices for Yellow Iron Oxide Pigments
    Jennifer Hawkins, Contributing Writer07.03.19
    It was a tumultuous first half of the year for the global epoxy resins industry.  Global economic headwinds and the U.S./China trade war weighed down on consumer sentiment and this created a pervasive negative outlook for the epoxy resins and its downstream markets.  Then on March 21, a tragic explosion at a pesticide/fertilizer plant in Jiangsu, China saw a huge swathe of plants in the surrounding areas being shut for safety inspections.  Up to 50 percent of China’s epoxy resins capacity is based in this region.  There was a collective intake of breath as market participants across the world feared that supply in China and then Asia would suddenly tighten and send prices rocketing.  But then, news emerged that the downstream plants had also been shut, meaning that both epoxy resins supply and demand in China had ground to a halt.  As a result, the accident hardly registered a blip in the Asian, European and the U.S. markets for most of April and May but this was because both demand and supply were being artificially suppressed by the safety inspections.

    This also meant that the epoxy resins’ feedstock markets, epichlorohydrin (ECH) and bisphenol A (BPA), also suffered.  Bisphenol A has had a particularly bad run since the middle of last year as its major end-use consumption from polycarbonate has been hit by the weak performance of the automobile industry and escalating tensions in the current trade war.  The epichlorohydrin market also stagnated during this time even though Hali, the largest global ECH producer, based in China, had all of its lines shut.  This was because one plant in Shandong was shut at the end of October 2018 following an environmental inspection and then its remaining line in Jiangsu was also shut for safety inspections after the accident in March.  Also, another large ECH producer, Yihai Kerry was reported to have been shut down in May due to certification problems and all of its inventory stock had been sold out.

    Then, towards the end of May, some of the Chinese epoxy resins producers and their downstream customers were given permission to restart.  By early June, it was becoming clear that epichlorohydrin supply in China was tightening at an alarming rate and within one week prices had jumped by more than Rmb2500-3000/ton ($320-385/ton before VAT).  Bisphenol A values in Asia also started to increase during this time but any rise was expected to be capped by a poor performing polycarbonate market.  (Normally, the polycarbonate market has an average 65 percent share in total bisphenol A consumption.)

    There was a very similar scenario back in mid-2017 when environmental policies in China saw a number of ECH plans being shut to make necessary modifications to their wastewater management.  As a result, epichlorohydrin supply in China became very tight – Asian suppliers in the region quickly diverted their export volumes from the U.S. and Europe to a more favorable Chinese market  ECH prices rocketed and it wasn’t long before epoxy resins prices were following the same sharp trajectory.  It took almost four months before the global epichlorohydrin and epoxy resins markets finally settled down.  Sources believe that it is going to be the same story for summer 2019 and the first signs have already started to emerge.

    It is possible that it is going to be a tough summer for epichlorohydrin and epoxy resins buyers but there is light at the end of the tunnel. The ECH tightness is expected to be short-lived. The reality is that the world has more epichlorohydrin than it can cope with and it will take very little for the market to descend back into its usual oversupply situation.  A new epichlorohydrin producer had started trial production at its new plant in May and a further two new manufacturers are expected to bring production online in Q3 2019.   Also, a propylene oxide producer in China has the ability to switch its production to ECH.  In other words, almost 200 ktpa of extra ECH capacity is due to start before the end of this year.  However, much will depend on Chinese demand; if this falls back to the same depressed state as it was before the Jiangsu fire, it is likely that the global epoxy resins markets will settle down again very quickly. 

    Jennifer Hawkins reports and provides in-depth analysis on the European, North American and Asian phenol, acetone, bisphenol A, epichlorohydrin and polycarbonate markets for a monthly report published by Tecnon OrbiChem.  If you would like to contact Jennifer you can do so at jennifer.hawkins@orbichem.com

    Tecnon OrbiChem has been a leader in providing data and analysis to the petrochemical industry since 1976. The company is now one of the world’s foremost marketing consultancies to the bulk chemicals, petrochemicals and plastics industries, specialixing in chemical intermediates, synthetic Fibers and resins.  For further information go to www.orbichem.com. 
    Related Searches
    • china
    • fire
    • chemical
    Suggested For You
    Ashland Board Declares Quarterly Dividend Ashland Board Declares Quarterly Dividend
    Powder Coatings Industry Enjoyed Positive Growth in 2018   Powder Coatings Industry Enjoyed Positive Growth in 2018
    LANXESS Increases Yellow Iron Oxide Pigments Prices LANXESS Increases Yellow Iron Oxide Pigments Prices
    Ashland Board Declares Quarterly Dividend Ashland Board Declares Quarterly Dividend
    LANXESS Increases Prices for Yellow Iron Oxide Pigments LANXESS Increases Prices for Yellow Iron Oxide Pigments
    Oxea Increases Isononanoic Acid Production Capacity Oxea Increases Isononanoic Acid Production Capacity
    GMI: Concrete Surface Treatment Chemicals Market Size Worth $15 Billion by 2025 GMI: Concrete Surface Treatment Chemicals Market Size Worth $15 Billion by 2025
    Phoseon Forms Wholly Foreign Owned Enterprise in China Phoseon Forms Wholly Foreign Owned Enterprise in China
    China Coatings Market Keeps Upgrading in 2019 China Coatings Market Keeps Upgrading in 2019
    DIC Subsidiary in Thailand Achieves Silver Medal in EcoVadis Sustainability Assessment DIC Subsidiary in Thailand Achieves Silver Medal in EcoVadis Sustainability Assessment
    Kern-Liebers, Expanite Expand Cooperation in China Kern-Liebers, Expanite Expand Cooperation in China
    Distinguishing Particles By Refractive Index Distinguishing Particles By Refractive Index
    Siltech®C-42 Siltech®C-42
    PPG Directors Announce Quarterly Dividend of 48 Cents Per Share PPG Directors Announce Quarterly Dividend of 48 Cents Per Share
    New Guard Coatings Group Acquires Arcon Construction Supplies New Guard Coatings Group Acquires Arcon Construction Supplies

    Related Features

    • Mixing Equipment Directory

      Mixing Equipment Directory

      ...
      02.12.21

    • The Wood Coatings Market

      The Wood Coatings Market

      While the industrial wood coatings market is still recovering from the effects of the pandemic, the consumer market is robust, driven by stay-at-home DIYers.
      Kerry Pianoforte, Editor 02.12.21

    • Antimicrobial Coatings Market

      Antimicrobial Coatings Market

      Lux Research offers insights into how the COVID-19 pandemic is driving the market for antimicrobial coatings.
      Kerry Pianoforte, Editor 02.09.21


    • Additives Update

      Additives Update

      ...
      Kerry Pianoforte, Editor 01.11.21

    • Pigment Supplier Directory

      Pigment Supplier Directory

      Here is a look at the latest offerings from select pigment manufacturers. For more information on the products listed, please contact the company directly.
      01.11.21

    • Interior Architectural Coatings

      Interior Architectural Coatings

      DIYers have been busy transforming their rooms into multi-functional spaces.
      Kerry Pianoforte, Editor 01.11.21


    • Biocides Update

      Biocides Update

      There is still room for growth despite COVID-19.
      Anthony Locicero, Associate Editor 12.07.20

    • Powder Coatings Market

      Powder Coatings Market

      Powder coatings offer a variety of advantages over liquid, including low environmental impact, high durability and cost efficiency.
      Kerry Pianoforte, Editor 12.07.20

    • New Solar Coating Boosts Energy By 20%

      New Solar Coating Boosts Energy By 20%

      ...
      Charles W. Thurston, Editor 11.10.20


    • MEDIA & MILLING Directory

      MEDIA & MILLING Directory

      Here is a look at the latest offerings from select media and milling equipment manufacturers.
      11.10.20

    • Company Profile:  JH Wall Paints

      Company Profile: JH Wall Paints

      JH Wall Paints is a recently-launched paint brand that brings easy-application lime wash straight to the DIYer.
      Kerry Pianoforte, Editor 11.10.20

    • Exterior Architectural Coatings

      Exterior Architectural Coatings

      Lockdowns and remote work during the COVID-19 pandemic have changed the way people view their homes.
      Anthony Locicero, Associate Editor 11.10.20


    • CHINACOAT 2020 Goes Virtual

      CHINACOAT 2020 Goes Virtual

      For the first time, the show will also be held online as well as in person.
      Anthony Locicero, Associate Editor 10.08.20

    • Automotive Refinish Market

      Automotive Refinish Market

      Still reeling from the impact of COVID-19, automotive refinish manufacturers look to increased travel and vehicle use and improved virtual tools for recovery.
      Kerry Pianoforte, Editor 10.08.20

    • 2021 Color Trends Forecast:  Elevated Comfort for a New Era

      2021 Color Trends Forecast: Elevated Comfort for a New Era

      ...
      Erika Woelfel, VP Color Marketing, Behr Paint 10.08.20

    Trending
    • Raw Material Price Increases Pile Pressure On Paint Manufacturers
    • AkzoNobel Completes Titan Paints Acquisition
    • Evonik Receives Sustainability Award From EcVadis
    • Benjamin Moore Launches COMMAND
    • Hempel Reports 2020 Annual Results
    Breaking News
    • Croda Named Most Admired Company in British Chemical Sector
    • Ashland Increases 1,4-Butanediol, Derivatives Prices in Europe
    • First Source Worldwide, LLC Celebrates 20th Anniversary
    • Chromaflo Technologies Adds Benjamin Woeste as Territory Sales Manager
    • Maroon Group Acquires Cary Company's Raw Materials, Specialty Chemicals Distribution Business
    View Breaking News >
    CURRENT ISSUE

    February 2021

    • Mixing Equipment Directory
    • The Wood Coatings Market
    • Antimicrobial Coatings Market
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Thymoquinone Inhibits Viral Infection in In Vitro Settings, New Study Finds
    IFT Transitions 2021 Annual Event to Digital Experience
    NY Federal Judge Enters Permanent Injunction Against Dietary Supplement Manufacturer
    Coatings World

    Latest Breaking News From Coatings World

    Sherwin-Williams Announces Resignation of President, COO
    Ashland Completes Expansion, Relocation of Viatel Bioresorbable Polymers Manufacturing Facility
    Evonik Receives Sustainability Award from EcoVadis
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Cretex CFO Announces Retirement
    New AI-Based Tool Developed for Coronary Artery Analysis, Intervention Planning
    First Reported Use of Pulse Biosciences' CellFX System
    Contract Pharma

    Latest Breaking News From Contract Pharma

    AGC Biologics Expands Cell and Gene Facility in Italy
    Celonic to Boost Cell & Gene Therapy Production
    Pharmaron Acquires Biomanufacturing Site in the UK from AbbVie
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Ulta Beauty Opens in Herald Square
    Elizabeth Arden Taps Sui He as Global Brand Ambassador
    Natura &Co Outperforms the Global Market in Q4 2020
    Happi

    Latest Breaking News From Happi

    What You're Reading on Happi.com
    Indie Beauty Innovators Wanted
    Cosmetic Chemists Seek Mentors
    Ink World

    Latest Breaking News From Ink World

    Massilly North America Adds Koenig & Bauer MetalStar 3 Metal Decorating Press
    Hydrocarbon Solvents Market to Surpass $8.1 Billion by 2030
    Access Direct Mail Doubles Revenue with SCREEN's Truepress Jet520HD
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Arjobex America welcomes Maggie Naberezny to sales team
    Henkel publishes 30th Sustainability Report
    Avery Dennison Smartrac launches new Circus Pro inlays
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    FPInnovations Develops Biodegradable Mask
    Sani Professional Sanitizing and Disinfecting Products Approved by EPA
    Autefa Solutions Offers Fully Automated Line for Protective Mask Production
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Colfax Decides to Divide Its Businesses
    Stryker Corp.'s 2020 Sales Slip 3.6 Percent
    Bioventus Appoints Managing Director, China and Asia Pacific
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Comercial Kywi Improves Customer Service, Front-Store Operations with Zebra Mobile Solution
    Global Smart Glass Market to Register 6.8% CAGR Between 2021-28: Grand View Research
    Global Printed Circuit Board Market Projected to Reach $69.32 Billion by 2027

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login