Ortho benzene universal resin 370, double ring (DC) hand layup resin 370, artificial stone/quartz stone resin 320, pultrusion resin 350, winding structure layer resin 370, winding room benzene lining resin 360, NPG molding resin 430, DPG molding resin 400. The market prices of raw materials have significantly increased, UPR costs have significantly increased, and market prices have significantly increased by 400-500 yuan.

Last week, the raw material market prices significantly increased under the dual impetus of international oil prices and futures markets, leading to the UPR industry having to follow the trend of raising prices this week. Due to the continuous increase in raw material market prices for two months and widespread losses in downstream end markets, the current market has reached a new turning point, where either the downstream keeps up or the upstream falls back. The direction of this turning point depends on how the National Day stocking market starts this week.

If downstream industries are concerned that prices will continue to rise and stock up in large quantities, it will play a role in fueling the current raw material market, and the continued rise in prices is a probability event; If downstream industries cannot tolerate long-term losses and product prices are constrained by excessive and intense market competition and cannot be raised, then it is highly likely to choose to abandon National Day stocking, which will bring pressure to upstream industries that use continuous production methods.

Overall, the effective production capacity of the upstream industry is constantly increasing. The current price increase is not caused by shortages, but simply driven by cost, lacking effective support for the synchronous growth of downstream industry demand.

The International Composite Materials Exhibition will be held in Shanghai from September 12th to 14th. During the exhibition, it will be clear whether downstream industries are willing to stock up before the National Day holiday. The market is always in a cycle of price fluctuations, there is no market that only rises but does not fall, nor is there a market that only falls but does not rise. The longer the period of rise, the higher the extent of rise, and the closer it is to the turning point of the market; The reverse is also true. Risks rise and opportunities fall, both in the stock market and commodity market. Therefore, we hereby remind the market risk not to blindly pursue high.