This week, the epoxy chloropropane market has been operating steadily at a high level. As the May Day holiday approaches, the market’s spot inventory supply is tight, and pre holiday replenishment resources are tight. Manufacturers have a positive attitude towards raising prices. According to the monitoring and analysis system of Shengyi Society, as of April 24th, the benchmark price of Shengyi Society’s epichlorohydrin was 9400 yuan/ton, an increase of 5.62% compared to early April.
Price influencing factors:
Raw material side: The market price of raw material propylene has slightly declined. According to the market analysis system of Shengyi Society, as of April 24th, the benchmark price of propylene in Shengyi Society was 6710.75 yuan/ton, a decrease of -0.52% compared to the beginning of this month (6745.75 yuan/ton).
Supply side: The spot supply of glycerol based epichlorohydrin in the market is relatively tight, and enterprises have a positive attitude towards raising prices. Overall, the operating rate remains at around 50-60%.
Downstream demand side: The downstream epoxy resin market supply remains normal, with a capacity utilization rate of over 50%. The overall trading atmosphere has improved, with no inventory pressure and a positive purchasing atmosphere. It is expected that the market will be dominated in the future.
Market forecast: Analysts from Shengyi Society believe that downstream market demand will improve and traders will have a positive purchasing attitude. It is predicted that the epoxy chloropropane market may continue to show a strong trend in the later stage, and more attention still needs to be paid to changes in market supply and demand.
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