In August, the domestic paste resin market showed a better trend, and the price of paste resin from Shenyang Chemicals and Wuhan Xianglong continued to rise steadily, with an increase of RMB 100 (t price, the same below). At the end of August, the low-end paste resin was sent to the market at a price of 10,900 to 11,000 yuan, and the high-end delivery price was at 11,100 to 11,400 yuan.
The reasons that affected the market in August were as follows: First, the operating rate of some downstream industries rose steadily in August, and the demand showed a significant growth trend. For example, the conveyor belt industry, the glove industry, and the automotive leather industry all improved in different degrees; Import volume of paste resin decreased, export volume increased, and imported paste resin prices were high and consolidation. Hanwha and LG leather materials were quoted at 1460 to 1480 U.S. dollars, and glove materials were quoted at 1480 to 1510 U.S. dollars, which was favorable for domestic paste resin prices to stabilize or increase slightly. Third, in mid-August, the largest paste resin manufacturer in the country was discontinued maintenance of the Shenyang Chemical Paste Resin Plant, coupled with a low inventory of resin in Shenyang Chemicals' month, and the supply decreased. It also boosted the market to do more confidence; Fourth, the price of raw materials and calcium carbide; Slightly higher, at the end of August, calcium carbide was delivered to the price. The price in the northeast region was 3520 to 3540 yuan, in North China 3450 to 3570 yuan, and in East China 3550 to 3600 yuan, the cost of paste resin increased.
Judging from the market outlook, the paste resin market will maintain a better trend in September, and there is still room for a slight increase in prices. September was a better season for consumption in the paste resin market, and it gradually entered the peak demand season in the second half of the year. The operating rate of the downstream industry is expected to continue to rise, and demand will continue to grow. The price of raw materials and calcium carbide high order, there is still some room for growth in September, making it difficult to reduce the cost of paste resin, promote the stability of paste resin prices or rise. In addition, the majority of manufacturers have little stock of paste resins, and their sales conditions are relatively good. They basically maintain full production and sales, and the market pressure is lighter, which is conducive to the stability of the market and price increase.