Since March, the market for epichlorohydrin has been operating steadily. According to the Commodity Market Analysis System of Shengyishe, as of March 6th, the average price quoted by epoxy chloropropane enterprises was 8150.00 yuan/ton, which is the same as the price on March 1st.
Price influencing factors:
Cost side: According to the commodity market analysis system of Shengyishe, the reference price for propylene on March 5th was 6918.25, an increase of 0.69% compared to March 1st (6870.75). Recently, the price of propylene raw material has fluctuated and increased, while the price of glycerol raw material has remained relatively stable. The cost is still supported by the market for epichlorohydrin.
Supply and demand side: The production capacity utilization rate of the supply side industry is around 60%, and the demand side performs poorly. Downstream consumers mainly consume inventory raw materials, and the enthusiasm for inquiry and procurement is not high. Small orders require follow-up at a low price, and actual transactions are limited. The mentality of the industry is under pressure, and the epoxy chloropropane market is quiet and optimistic.
Main downstream epoxy resin: According to the commodity market analysis system of Shengyishe, the reference price of epoxy resin on March 5th was 13300.00, a decrease of 0.25% compared to March 1st (13333.33), which lacks support for the epoxy chloropropane market.
Analysts from Business Society believe that short-term demand is still dragging the market, and the trading atmosphere in the market is weak. Holders are actively shipping, and it is expected that the market for epichlorohydrin may be weak in the short term. More attention should still be paid to market news guidance.
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