From the point of view of export, China's epoxy resin continues to release a good signal.

From the point of view of export, China's epoxy resin continues to release a good signal.

From January to October 2023, China's epoxy resin exports totaled 142,400 tons, an increase of 39.39%, specific to each month of the year, compared with the same period last year, showing an increase. The main reasons are: the scale and integration level of the domestic epoxy resin industry continues to improve, the market competition is fierce, and the price is low, and the industry generally believes that the export aspect needs to be broken, especially the focus of non-integrated enterprises; In addition, the quality of domestic epoxy resin continues to improve, and the price and quality have an impact on the imported epoxy resin, so China's epoxy resin imports are shrinking and the export growth trend is becoming more obvious.

China's main export areas of epoxy resin are Europe and Southeast Asia and other places, from January to October 2023, China's epoxy resin export volume according to the top 10 trading partners are shown, the top three are: Russia, Italy, Thailand, among which ranked first Russia, the export data from January to October in 13,500 tons, in the leading position, accounting for 18.4% of the total export volume; Ranked second is Italy, from January to October exports in 11,500 tons, accounting for 8.08% of the total exports; Ranked third is Thailand, its January-October exports and the second place is slightly different, accounting for 7.37% of the total exports. The fourth and fifth places were Brazil and Turkey, with 5.27 percent and 4.99 percent respectively. Compared with the same period in 2022, China's export volume to Russia increased significantly by 94.29% year-on-year, mainly because of the geopolitical impact, Europe and the United States are not optimistic about the trade environment in Russia, China has become the main country of its epoxy resin demand, and the good development of Sino-Russian trade has become the main force driving the growth of domestic epoxy resin exports.

Products