Ortho benzene universal resin 450, double ring (DC) hand layup resin 430, artificial stone/quartz stone resin 340, pultrusion resin 380, winding structure layer resin 410, winding interlayer benzene lining resin 400, NPG type molding resin 490, DPG type molding resin 400.

The market prices of raw materials continue to rise significantly, the UPR cost continues to rise significantly, and the nominal market price continues to increase significantly by 400-500 yuan.

Last week, the average price of raw materials continued to rise significantly, leading to a surge in UPR costs. This week, they were forced to continue following the price increase. This week is the last trading week before the National Day holiday. Starting from next week, the transportation of hazardous chemicals will gradually stop. Therefore, the pre holiday stock market will come to an end this week.

At present, UPR factory orders are abundant, but they are mostly low price orders in the early stage. The price increase this week is unlikely to be executed. On the one hand, downstream customers have placed more orders in the early stage, and on the other hand, based on the current price calculation, downstream customers are not profitable at all. Therefore, the price increase this week is more symbolic of cost increase, and the actual transaction significance is not significant. From the price trend of styrene, it can be seen that after two months of significant increase, downstream customers have completely given up their willingness to pursue the increase. Therefore, in the later part of last week, the price of styrene was forced to significantly decline after breaking away from oil prices. This situation will soon also occur in other raw materials, indicating that there is a great risk of pursuing the increase at this stage.

Due to the current overcapacity of both raw materials and UPR, the high load production in the early stage can quickly fill the warehouses of downstream customers. Coupled with the increasing risk of high prices, it is expected that downstream customers will have a longer "silent period" in the future, which may lead to a significant decrease in the operating rate of UPR factories after the National Day holiday. At present, controlling high price risks should be the first issue that all enterprises need to consider.