1. EPDM Close Price in Domestic Market
|
Manufacturer |
Grade |
EXW Price (RMB/mt) |
Market Offer (RMB/mt) |
|
Jilin PC |
4045 |
23000 |
23000-23600 |
|
2070 |
20900 |
21000-21500 |
|
|
Manufacturer |
Grade |
USD Offer ($/mt; CFR CMP) |
Market Offer (RMB/mt) |
|
Mitsui |
3062EM |
__ |
20500-21000 |
|
4045M |
20500-21000 |
||
|
Lanxess |
4869 |
2900 |
__ |
|
9650 |
21500 |
||
|
Exxon Mobil |
3666 |
2800 |
23000 |
|
5601 |
22000-22500 |
||
|
DOW |
4640 |
2500 |
22000 |
|
5565 |
22500 |
||
|
LION |
694 |
2900 |
__ |
|
567 |
__ |
||
|
SK |
512F |
2500-2600 |
21000 |
|
5890F |
22000 |
||
|
Kumho |
330 |
2550-2600 |
21500 |
|
350 |
21500 |
Remarks: All RMB offers mentioned here include 17% VAT for self-delivery.
2. Domestic EPDM Market Report
Operating rate of China ethylene-propylene-diene monomer (EPDM) unit showed no noticeable change today: old units ran normally while new ones took a stoppage. China market offers were stable with partial types of products in shortage. Transactions appeared insipid on back of weak end demand.
Currently, market offers were quoted at RMB 20,500-22,500/mt and prices for unqualified goods concentrated at RMB 19,000/mt; prices for partial unqualified were offered at RMB 17,000/mt.
3. Forecast
Supplies were not ample and downstream demand failed to change noticeable, thus supply-demand was relatively balanced. SCI estimates that possible corrections in EPDM market exist.
