From a supply side, availability of Epoxy Resin was sufficient throughout, underpinned by broad availability of materials in the domestic market, over a steady pace domestic production, and persistent gain of imports mainly from South Korea as well as Japan. Despite a maintenance shutdown in Texas-based Olin Corporation&#**;s for the first ** days of the month, supply of Epoxy Resin remained stable and adequate to fulfill the needs of the market.
On the feedstock side, prices for Bisphenol A, a key raw material used in Epoxy Resin production, showed a bullish trend. This upward movement was related to the increasing crude oil price in the upstream industry. Rising geopolitical tensions particularly tense US-Venezuela relations, issues surrounding Greenland, and potential US moves for a new Iran deal continued to take center stage in the global crude oil market. WTI crude oil price increased...
Leave a Comment
Comments (0)