1、 Price trend of epichlorohydrin
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(Figure: P value curve of epichlorohydrin product)
2、 Market analysis
In the first half of July, epichlorohydrin market price fluctuated, showing a downward trend as a whole. As of July 15, the average price quoted by epichlorohydrin enterprises was 9900 yuan / ton, which was 5.11% lower than that on July 1 (10433.33 yuan / ton) and 8.05% lower than that on June 15, according to the data of the bulk list of business associations. In recent years, the price of raw material propylene fluctuated periodically. On the 15th, the price remained stable. The trading atmosphere of epichlorohydrin market was light, and the pressure of shippers to ship was not reduced. As the price continued to fall to the low level, the owner’s expectation of downstream inventory and replenishment demand weakened the low export intention. However, the enthusiasm of the downstream market was insufficient and the actual transaction was limited.
According to the data monitoring of the business agency, the price of epichlorohydrin of some enterprises is summarized (for reference only, the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.)
Enterprise market price specification date
Jinan Mingwei Chemical Co., Ltd. 9700 yuan / ton, excellent product; 99.9% Min: 2020-07-15
Jinan aochen Chemical Co., Ltd. 10500 yuan / T premium product; 99.9% Min: 2020-07-15
Shandong tashuo Chemical Co., Ltd. 10100 yuan / ton national standard barrel, 240kg / barrel, 2020-07-14
Shandong Yukang Chemical Co., Ltd. 9700 yuan / ton, excellent product; 99.9% Min: 2020-07-14
Jinan planhua Chemical Co., Ltd. $9200 / T national standard 99.9-2020-07-13
Shandong michuan Chemical Co., Ltd. $9800 / T, excellent product; 99.9% Min: 2020-07-13
Aite (Shandong) new materials Co., Ltd. $9400 / T, excellent products; 99.9% Min: July 10, 2020
Jinan Mingwei Chemical Co., Ltd. $9500 / T premium product; 99.9% Min: 2020-07-08
Shandong chuangying Chemical Co., Ltd. $11000 / T premium product; 99.9% Min: 2020-07-03
Jinan Yuanxiang Chemical Co., Ltd. 10800 yuan / ton national standard barrel, 240kg / barrel, 2020-07-03
Shandong Carlson Chemical Co., Ltd. 10200 yuan / ton national standard barrel, 240kg / barrel, 2020-07-02
Jinan jinrihe Chemical Co., Ltd. 9800 yuan / ton national standard barrel, 240kg / barrel, 2020-07-01
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On July 15, the upstream propylene market in Shandong was generally stable. According to the price chart of the business agency, the recent price of propylene fluctuated up and down periodically, with a relatively stable price range. Since the beginning of July, the price has been continuously reduced by 200-250 yuan / ton. From June 6 to 9, the price has been adjusted back by about 250 yuan / ton. On October 11, the price was roughly flat. Since the 12th, the price went down twice, and now it has dropped by 100-150 yuan / ton. Today, most of the prices are stable. The market transaction is between 6650 yuan / ton and the mainstream price is still around 6750 yuan / ton. The inventory pressure of propylene manufacturers is not big, crude oil prices are slightly upward, the overall downstream market operating rate is general, and the downstream purchasing enthusiasm is weak, the market transaction is cold, and there is still a distance from the lower limit of the recent propylene oscillation range. Therefore, it is expected that the propylene price will still have downward space in recent days, or will continue to decline, which has a negative impact on epichlorohydrin.
On July 15, the downstream epoxy resin was running in a weak position. Under the influence of the bad raw materials, the shippers were not stable, and they were mainly active in shipping, and the active offer was low-end, and the follow-up of terminal buying was limited.
3、 Future forecast
According to the analysts of epichlorohydrin of the business agency, the price of propylene oxide fluctuates periodically in the near future. With the price of epichlorohydrin falling to a low level, the low price mentality of shippers has weakened. However, the downstream market is short of buying gas, and the actual order follow-up is limited. It is expected that the epichlorohydrin market will stabilize and wait-and-see operation in the short term.
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