The market price of epichlorohydrin has risen this week. According to the monitoring and analysis system of Shengyi Society, as of August 21st, the benchmark price of Shengyi Society’s epichlorohydrin was 11300 yuan/ton, a decrease of 0.88% compared to early August.
Price influencing factors:
Raw material side: This week, the price of raw material propylene has fallen slightly, while the price of glycerol remains high and firm. Overall, the cost side is still under high pressure, and coupled with the decrease in spot supply inventory, the price of epichlorohydrin continues to rise. According to the market analysis system of Shengyi Society, as of August 21st, the benchmark price of propylene in Shengyi Society was 6548.25 yuan/ton, an increase of 1.79% compared to the beginning of this month (6433.25 yuan/ton).
Demand side: The downstream epoxy resin market has a strong wait-and-see attitude, with a focus on small orders for essential needs. At present, the capacity utilization rate of the epoxy resin market is about 50%, and the supply is relatively loose. Some downstream enterprises have tentatively raised prices, but due to weak terminal demand and a cold trading atmosphere, there are very few actual orders. Overall, the demand side has limited support for the epoxy chloropropane market.
Market forecast: Analysts from Shengyi Society believe that the prices of glycerol and propylene on the cost side are consolidating at a high level, and spot inventory in the market is decreasing. Epoxy chloropropane manufacturers are optimistic and have a positive upward trend. It is expected that the epoxy chloropropane market will operate steadily and strongly in the near future, and more attention still needs to be paid to changes in raw material prices and market supply and demand.
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