Zhongtritium, a global manufacturer of unsaturated polyester resin (UPR), vinyl ester resin, and epoxy resin, reports a temporary price adjustment across major resin grades as of April 20, driven by weaker downstream demand and recent volatility in international crude oil markets.
Due to soft sales and declining raw material costs, the UPR market has entered a short-term correction phase. The current price adjustments for key products are as follows:
- Orthophthalic general-purpose resin: ↓330 RMB/ton
- DCPD hand lay-up resin: ↓190 RMB/ton
- Artificial stone / quartz stone resin: ↓260 RMB/ton
- Pultrusion resin: ↓280 RMB/ton
- Winding structural resin: ↓310 RMB/ton
- Winding isophthalic inner liner resin: ↓290 RMB/ton
- NPG molding / trenchless resin: ↓330 RMB/ton
- DPG molding resin: ↓390 RMB/ton
Overall, resin prices have been adjusted downward by approximately RMB 200–300 per ton across the market.
From a macro perspective, international crude oil prices have recently declined due to market sentiment and policy-driven fluctuations. However, geopolitical risks in the Middle East remain unresolved, and supply disruptions—particularly in key energy transit routes—continue to support underlying tightness in petrochemical feedstocks such as naphtha and LPG.
As a result, the current price correction is viewed as a short-term adjustment rather than a structural downtrend. With persistent upstream supply constraints, the UPR market is expected to stabilize and potentially recover in the medium term.