Resin Price Index as of December 4, 2023
Ortho-benzene universal resin -160, double ring (DC) hand lay resin -160, artificial stone/quartz resin -140, pultrusion resin -200, winding structure layer resin -170, winding interlayer benzene lining resin -160, NPG molding resin -210, DPG molding resin -220.
The overall raw material market is weakening, and the resin market price has decreased by 100-200 yuan.
Last week, the overall raw material market was weak, and although the price of maleic anhydride rebounded over the weekend, it is also difficult to sustain under the current supply and demand pattern. At present, there are signs of further contraction in demand in the downstream market of UPR, and the operating rate of UPR factories has decreased compared to half a month ago. At present, as the end of the year approaches, the overall market situation for this year has already been determined, and it is difficult to make significant changes again. Although OPEC, led by Saudi Arabia, announced a new production reduction plan, the international energy market did not buy it, and prices continued to decline. At present, the upstream raw material of styrene, pure benzene, has continuously decreased in price, and new maleic anhydride factories are about to start construction. Overall, the chemical market is still characterized by weakness in the near future.