In August, the price of epoxy resin fluctuated narrowly, showing a weak trend of first falling, then rising, and then falling. In the first ten days of the month, bisphenol A fluctuated in a narrow range at high levels, with ECH stabilizing first and then falling. Epoxy resin manufacturers mostly followed the raw material cost bidding, with prices falling slightly, especially for new factories; In mid month, BPA and ECH both strengthened simultaneously, and epoxy resin factories gradually increased their prices. However, transactions for high priced orders were limited, and there was a clear trend of high and low prices; In the second half of the month, BPA remained strong at a high level and ECH declined. As the end of the month approached, manufacturers began to take orders from September. Low price competition was fierce, leading to a decline in the mainstream market prices of epoxy resin at the end of the month.

Raw material situation:

① BPA: In August, the price trend of BPA was initially suppressed and then increased. After preliminary procurement in the downstream at the beginning of the month, the acceptance of high priced BPA was not high. In addition, traders profited from shipping, resulting in a weakening of the BPA market; With large factories such as Xingchen, Ruiheng, Wanhua, Zhejiang Petrochemical, and Lihuayi experiencing varying periods of parking or maintenance, the industry's operating rate has dropped to around 70%, and the supply of BPA has significantly decreased; The downstream PC industry has been boosted by anti-dumping policies, and the prices of raw phenolic ketones have also been relatively strong. After the middle of the month, the BPA market began to rise.

② ECH: The ECH market fluctuated and fell in August. Similar to BPA. At the end of July, the price of ECH rapidly increased, causing manufacturers to have poor shipments and a clear understanding of profits. At the same time, considering that Haixing is about to restart, the price of ECH has slightly decreased; After the middle of the month, Haixing restarted and postponed, causing production companies to report higher prices; In the latter half of this month, the shutdown of Jiangsu Ruiheng affected ECH's procurement, and traders' low-priced shipments drove ECH prices to weaken.

Device situation: In August, more than 500000 tons of epoxy resin plants, including Nantong Xingchen, Jiangsu Ruiheng, Dongfang Feiyuan, and Fujian Huanyang, were mostly shut down. The overall operating rate of liquid resin will reach about 60%, while the overall operating rate of solid resin will be between 50-60%.

Downstream situation: In August, downstream demand for both solid and liquid epoxy resins was relatively sluggish, especially downstream demand for solid resins; Downstream wind power orders have rebounded since August, but the pressure on prices for large orders is particularly severe.