In the first week of June xxxx, the price of Epoxy Resin in the Chinese market maintained a stable trend due to a balanced supply and demand gap. However, on a monthly basis, the price of Epoxy Resin increased by approximately x.xx in May xxxx. This upward trend was primarily driven by short term supply concern resulting from ongoing plant shutdowns at key manufacturing facilities such as Huntsman Corporation and Zhuhai Hongchang Electronic Material Co Ltd in May xxxx. Additionally, rising home sales in China stimulated the downstream construction industry, further boosting demand for Epoxy Resin. Freight charges also saw an increase due to the early arrival of the peak season for ocean freight, disruptions from Red Sea diversions, and equipment shortages, all contributing to the bullish trend for the Epoxy Resin.
The trading atmosphere for Epoxy Resin in the Asian market remained positive. According...
