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Resin Price Index as of January 8, 2024
 Jan 08, 2024|View:311

universal resin for adjacent benzene -120, double ring (DC) hand lay resin -170, artificial stone/quartz resin -70, pultrusion resin -80, winding structure layer resin -110, winding interlayer benzene lining resin -110, NPG molding resin -150, DPG molding resin -200.

Resin Price Index as of January 8, 2024


The weak adjustment in the raw material market has led to a reduction of 100-200 yuan in the resin market price.

Last week, except for ethylene glycol, most varieties in the raw material market experienced a weak adjustment in the situation of increased supply and weak demand, especially the sharp decline in the price of maleic anhydride. At present, the demand in the UPR market is weak and stable, with the main operating characteristic being the withdrawal of funds. It is understood that UPR factories in Guangdong, Fujian, and Guangxi will be shut down for production around the 20th and will have a full holiday around the 26th; The production shutdown in other areas will be delayed by about a week. That is to say, this week is the last week of normal operation before the Spring Festival. Starting next week, UPR factory will enter a pre Spring Festival stocking state. This Spring Festival, a considerable number of UPR factories have been shut down for up to 20 days, which will bring significant pressure to the inventory management of upstream raw material manufacturers.


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