Epoxy resin is a kind of important thermosetting resin varieties. Because of its excellent physical and mechanical properties, electrical insulation properties, chemical resistance, heat resistance and adhesive properties, so use it with epoxy resin adhesive is known as " Wan " reputation, widely used in chemical industry, machinery, electronics, paint, home appliances, automobile and aerospace industries, to the development of the national economy plays an important role.

Along with our country resin production technology promotion, in 2008 China's epoxy resin industry rapid development and growth, but affected by the global financial crisis, from 2008 to 2010, epoxy resin industry suffered a huge test, epoxy resin market and price trend of concern. In 2008 the financial crisis on the epoxy resin is a heavy blow to the buyer's market, due to sharp market atrophy, epoxy resin from the peak price falls into trough. After the 2009 economic recovery driven, epoxy resin prices began to rise again, but still with the peak price gap.

The year 2009, epoxy resin prices steadily rising trend, in 2010 May reached the peak price. But in May, began to fall sharply, 618# from May high of nearly 26000 yuan / ton level, straight down to June 22000 yuan / ton price, fall 12%. Epoxy resin raw materials epoxy chloropropane and bisphenol A prices have dropped, the price glides again and again of epoxy resin.

Home produces inadequacy to need

In 2000 our country epoxy resin production capacity of 108000 tons, output of 100000 tons, consumption of 216600 tons, in 2005 the output, consumption were increased to 350000 tons and 650000 tons, with an average annual growth rate is respectively 28.5%, 24.5%.

In 2008 our country epoxy resin manufacturers have reached more than 200, but production at 5000 tons / years manufacturers have only 12 home. All to be built in epoxy resin production capacity of 550000 tons / year.

Although our country epoxy resin production increased rapidly, but the gap between supply and demand still is expanding ceaselessly, import volume also increased year by year. In 2000 our country epoxy resin net imports a quantity to be 117100 tons 2005, grow to 165100 tons, in 2006 more than 200000 tons of epoxy resin in China, imports accounted for 1/2 of the total world trade. China and world strong demand and rising prices of raw materials, thus resulting in epoxy resin prices, import costs rising.

2008 is the year of epoxy resin Market in low tide. 2007 capacity expansion, the yield is greatly improved, high speed growth exceeds the actual demand, to 2008 market for epoxy resin buried pile up in excess of requirement risk. In 2008 the market for epoxy resin are affected by the global financial crisis, epoxy resin downstream of the slump in demand, LED epoxy resin price reduction.

At the beginning of 2008 when the market may remain after the Spring Festival, although the traditional busy season arrival, but the market does not see improvement, trading is not warm not fire, and prices have gradually descending; during the Olympic Games because of the associated control, market faded; at the end of the year as the global financial crisis spread, make the market plummeted by epoxy resin. East China's epoxy resin prices plummet, a liquid resin from 28000 yuan tons of price, similarly hereinafter dropped to 15000 yuan, solid resin from 23000 yuan to 10000 yuan, drop all the more than 60%, the lowest level since 5 years hit. While the unit production capacity utilization rate, also be compressed to an average of 50% levels following, especially in October 30%, a liquid resin solid resin 20% new lows.

China's liquid epoxy resin in 2008 before the financial crisis has slowly decline price trend. But to a full-blown financial crisis in 2008 August, prices fell thousands of miles, 618# by the price of the highest 260000 yuan / ton, fell to 12000 yuan / ton. Due to epoxy resin Market in 2008 the oil price and the intermediary effect of manipulation, drastic fluctuation of price.