1. EPDM Close Price in Domestic Market
|
Manufacturer |
Grade |
EXW Price (RMB/mt) |
Market Offer (RMB/mt) |
|
Jilin PC |
4045 |
23000 |
23500 |
|
2070 |
20900 |
21000-21500 |
|
|
Manufacturer |
Grade |
USD Offer ($/mt; CFR CMP) |
Market Offer (RMB/mt) |
|
Mitsui |
3062EM |
– |
21000 |
|
4045M |
21000-21500 |
||
|
Lanxess |
4869 |
2900 |
– |
|
9650 |
22000 |
||
|
Exxon Mobil |
3666 |
2850 |
23000 |
|
5601 |
22000-22500 |
||
|
DOW |
4640 |
2550 |
22000 |
|
5565 |
22500 |
||
|
LION |
694 |
2900 |
– |
|
567 |
23000-24000 |
||
|
SK |
512F |
2500 |
20500-21000 |
|
5890F |
21500-22000 |
||
|
Kumho |
330 |
2600 |
21500 |
|
350 |
21500 |
Remarks: All RMB offers mentioned here include 17% VAT for self-delivery.
2. Domestic EPDM Market Report
China ethylene-propylene-diene monomer (EPDM) market was still stable today: market offers were steady and partial offers even ticked up supported by not ample resources. China manufacturers ran their units stably producing 3080; ex-works prices were unchanged. For imported rubber, agents maintained inventory at a low level. Although partial cargos are arriving, partial product supply is tight. China EPDM market is likely to go upward for a short term.
Currently, market prices prevailed at RMB 21,000-22,500/mt with those for unqualified products at RMB 19,000/mt.
3. Forecast
On the whole, market supplies are somewhat tight and demand is steady and insipid. SCI estimates that possible adjustments exist for a short term.
