The market price of epichlorohydrin continues to rise this week. At present, there is a shortage of spot goods in the market, and supply remains tight. After the price increase, low-priced spot goods are difficult to find, and there has been a decrease in trading orders in the market, with a focus on purchasing small orders for essential needs. According to the monitoring system of Shengyi Society, as of September 11th, the benchmark price of Shengyi Society’s epichlorohydrin was 8275 yuan/ton, an increase of 3.60% compared to the beginning of this month (7987.50 yuan/ton).
Price influencing factors:
Raw material side: The price of raw material propylene has fluctuated and increased, while the price of liquid chlorine has fallen. The raw material side continues to decline, which provides sufficient support for the epoxy chloropropane market and has little overall impact. According to the market analysis system of Shengyi Society, as of September 11th, the benchmark price of propylene in Shengyi Society was 6845.75 yuan/ton, a decrease of -1.76% compared to the beginning of this month (6968.25 yuan/ton).
Equipment situation: According to the overall operating rate of the epoxy chloropropane industry within the week, it was 50-60%.
Downstream demand side: Following up on small orders for epoxy resin demand downstream, as costs rise and manufacturers face increased cost pressures, there is insufficient follow-up on new orders, and the market remains stable with little movement.
Market forecast: Business Society’s epoxy chloropropane analyst believes that short-term costs and supply side support are still acceptable, with downstream rigid demand buying as the main focus, insufficient follow-up of new orders, and cautious procurement of raw materials. It is expected that in the short term, the epoxy chloropropane market price will remain stable and slightly strong, and more attention still needs to be paid to changes in raw material prices.
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