Benzene universal resin -50, double ring (DC) hand paste resin -120, artificial stone/quartz stone resin -70, pultruded resin -60, winding structure layer resin -50, winding phlorobenzene lining resin -10, NPG molding resin -100, DPG molding resin -100.
The market price of raw materials is weak and adjusted, the resin market is generally stable, and the price of quartz stone resin and double-ring resin in the northern region continues to fall by 100-200 yuan.
Last week, raw material prices rose and fell, among which styrene was stronger, and other varieties were generally weak, especially maleic anhydride prices, which accelerated. The UPR downstream market has significantly differentiated, and the demand for low-end products in the market such as quartz stone and daylighting tiles continues to shrink, and the market competition is extremely fierce, while the market demand for heavy trucks, trenchless pipeline repair, new energy vehicles, export grilles, lifeboats, and highway supporting products is strong.
As the national 3.7 trillion special national debt is gradually issued to local governments, and various infrastructure projects are starting one after another, we expect that the enhanced market will continue to maintain a stable upward trend in the future for a long time, which will be conducive to the development of high-quality product manufacturers in the UPR/FRP industry chain. As for resin prices, we believe that in the future, unless there is a significant change in international oil prices, on the whole, the UPR market price will remain stable in the near future.
Source: Fulcrum Intelligence Services
