This week, the market for epichlorohydrin saw a slight increase. According to the Commodity Market Analysis System of Business Society, as of November 24th, the average price quoted by epoxy chloropropane enterprises was 8075.00 yuan/ton, an increase of 0.62% compared to Monday’s price.
Price influencing factors:
Cost side: According to the commodity market analysis system of Shengyishe, the domestic propylene (Shandong) market has recently seen a narrow upward trend, with stable raw material glycerol prices as the main factor. The cost side is still supported by the epichlorohydrin market.
Supply and demand side: The utilization rate of production capacity on the supply side is relatively low, with manufacturers mainly delivering contracts and spot supply being insufficient, supporting the mentality of enterprises to raise prices. Downstream enterprises are observing the market demand and following up appropriately. The main downstream epoxy resin market is average, with limited support for the epichlorohydrin market. According to the commodity market analysis system of Shengyishe, the reference price of epoxy resin on November 24th was 13266.67, a decrease of 4.78% compared to November 1st (13933.33).
According to analysts from Business Society, in the short term, there is no pressure on the supply side to boost prices, but there is insufficient follow-up from the demand side, resulting in a stalemate in the market atmosphere. It is expected that the market for epichlorohydrin may consolidate and operate in the short term, and more attention still needs to be paid to market news guidance.
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