Affected by environmental protection, national policies and other factors, the overall start-up of the epoxy resin industry chain is insufficient, which is maintained at 40-50%. Most of the factory goods are sold by contract holders, and the spot market is limited in circulation, so the market presents a light trend.
Since 2018, the overall operating rate of China's epoxy resin industry has hovered between 40% and 50%, with relatively stable operation and low operating rate. From the end of January to the beginning of February is the traditional Spring Festival holiday. According to statistics, some epoxy resin factories and downstream factories shut down for holiday, and the operating rate is maintained at around 50%. In mid May, due to the internal crystallization of desulfurization tower of 35 ton fluidized bed boiler auxiliary facilities of Shexian Circular Economy Park heating Co., Ltd. needs cleaning and maintenance, a five-day overhaul is arranged. During the maintenance period, the epoxy resin enterprises in the park will have a five-day overhaul In August, the cyclic economic Park in Huizhou District of Huangshan City temporarily stopped production due to boiler maintenance. At the same time, most of the epoxy enterprises in Shexian district (including TGIC project) began to limit production for about 15 days from August 15. This time, the two major epoxy resin production areas were faced with production stoppage and production restriction 60% of China's solid epoxy resin production is affected. Therefore, the start-up situation of solid epoxy resin has always been at a low level, and the starting load is not high, which is maintained at about 40%. In 2018, affected by environmental protection, Qingdao SCO summit and the emergency shutdown of Shexian epoxy plant, the overall operating rate of domestic epoxy resin enterprises was not high.
The overall start-up load of bisphenol a plant is mostly maintained at about 70-80%. However, the overall operating load of domestic bisphenol a plant is relatively low in May, which is about 60%. This is mainly due to the centralized shutdown and maintenance of Sinopec Mitsubishi, Shanghai Bayer, Nantong star, Huizhou Zhongxin, Lihua yiweiyuan and other bisphenol A enterprises, resulting in a decline in the output and a rapid decline in the operating rate. However, a number of new projects in downstream PC industry have been put into operation this year, which provides certain demand support for bisphenol A. therefore, the annual operating rate of bisphenol A in China is about 80.03%, which is higher than that of last year.
The overall start-up of epichlorohydrin industry hovered between 30% and 40%, with relatively low start-up. February was the lowest operating rate in the whole year, which was mainly due to the fact that epichlorohydrin plants were shut down for holidays around the Spring Festival, and the overall operating rate remained at about 30%. In addition, due to environmental protection factors, the industry started to maintain a low level throughout the year, and the annual operating rate was less than 50%. At the end of October, the main plants of the cyclic chlorine plant were shut down, and the increase of operating rate was restricted again. Specifically, the operating load in Shandong is about 30%, while that in East China is around 50%. In other regions, the operating load is as low as 20-30% due to environmental protection. The overall operation is insufficient, and the tension in spot continues.