The market price of epichlorohydrin continued to rise in October. Multiple production enterprises are undergoing equipment maintenance, resulting in tight market supply. Xinyue, Binhua and other facilities operate with reduced load. A leading enterprise has ceased production, and multiple companies have been affected by the suspension of trading and reporting. The decrease in supply has caused traders to push up market prices. According to the market analysis system of Shengyi Society, as of October 28th, the benchmark price of Shengyi Society’s epichlorohydrin is 8725 yuan/ton, an increase of 9.75% compared to the beginning of this month (7950 yuan/ton).
Price influencing factors:
Raw material side: Recently, the price of propylene in the market has fluctuated and risen. According to the market analysis system of Shengyi Society, as of October 28th, the benchmark price of propylene in Shengyi Society was 6865.75 yuan/ton, an increase of 5.41% compared to the beginning of this month (6513.25 yuan/ton).
Downstream demand side: The downstream epoxy resin market is running weakly, and the purchasing mentality is not positive, with rigid demand procurement being the main focus.
In terms of equipment, the 130000 tons/year propylene based epichlorohydrin plant of the leading enterprise in epichlorohydrin production has been shut down for maintenance.
Market forecast: Business Society’s epoxy chloropropane analyst believes that there is still cost pressure on epoxy chloropropane, insufficient follow-up of downstream new orders, cautious procurement of raw materials, and the main demand for transactions. It is expected that the epoxy chloropropane market will remain stable in the short term, and more attention should be paid to changes in raw material prices.
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