1、 Price trend of epichlorohydrin:
(Figure: epichlorohydrin product p value curve source: business and social commodity analysis system)
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2、 Market analysis:
Product: epichlorohydrin market fell this week, according to the data in the large list of business agencies. The market trading atmosphere is light, the downstream resumption of work is slow, the inquiry and replenishment are limited, coupled with the impact of logistics and transportation, the factory’s shipment is under pressure, and the focus of negotiation is down. As of the 21st, the main quotation of epichlorohydrin enterprises was around 11400 yuan / ton, down 1.48% compared with the beginning of the week and 2.92% compared with the same period last year.
On February 22, the epichlorohydrin commodity index was 93.93, unchanged from yesterday, down 29.75% from 133.71 (2019-10-29), the highest point in the cycle, and up 100.49% from 46.85, the lowest point on September 7, 2016. (Note: cycle refers to 2011-09-01 to now)
Industry chain: the market price of propylene (Shandong) in China rose sharply this week, and some enterprises began to show a slight upward trend since last Thursday and Friday, with propylene up 8.45% this week. The average price of enterprises at the beginning of the week is 6103 yuan / ton; the average price of enterprises at the end of the week is 6618 yuan / ton.
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Industry: according to the price monitoring of the business agency, in the list of commodity prices rising and falling in the seventh week of 2020 (2.17-2.21), there are 26 kinds of commodities in the chemical industry sector, including 4 kinds of commodities with an increase of more than 5%, accounting for 4.7% of the number of commodities monitored in the sector; the top three commodities are crude benzene (8.74%), propylene (8.45%) and ethanol (6.16%). There are 19 kinds of commodities falling on a month on month basis, and the top three products were hydrogen peroxide (- 4.78%), acetic acid (- 4.24%) and TDI (- 4.05%). This week’s average was 0.1%.
3、 Future forecast:
Epichlorohydrin analysts believe that the upstream propylene trend rose this week, with stronger cost support. The starting load of the downstream epoxy resin plant has been slowly increased, and more raw materials are consumed. The demand is less than expected. There is a strong wait-and-see atmosphere in the site. It is expected that in the short term, the epichlorohydrin market will be mainly integrated and operated. It is recommended to pay attention to the guidance of logistics transportation and downstream commencement.
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