Demand side drags epichlorohydrin market weaker

As of June 24, the average quotation price of epichlorohydrin enterprises was 13033.33 yuan / ton, down 0.76% compared with the previous trading day, down 1.26% compared with the price at the beginning of the month, and down 6.24% compared with May 24, according to the data of the business club’s block list.

Recent epichlorohydrin market offer range finishing, 24 price stable weak operation. In the near future, the cost pressure of glycerine method is not reduced, the market price is limited, and more stable price offers are made. However, the situation of downstream market entry is general, and just need to replenish the position. At present, the demand side is not performing well, there is a certain shipping pressure on the cargo holders, the overall market trading is slightly weak, and the focus of negotiation is lower.

Upstream propylene. As of June 23, the propylene market price in Shandong has stopped falling and stabilized temporarily. According to the price chart of the business club, the domestic propylene market has been in a downward trend since June. Today, the low-end price has increased by about 50 yuan / ton. Now, the market turnover is around 7600-7800 yuan / ton, and the mainstream price is about 7800 yuan / ton. At present, the market transaction is stable, the downstream purchases on demand, the downstream performance is general, and the support for propylene is limited.

For downstream epoxy resin, on June 23, the market of epoxy resin was weak and adjusted, the price of raw material bisphenol A was down, the cost support was insufficient, the manufacturers’ shipment was under pressure, the market atmosphere was poor, and the market mentality was more cautious and wait-and-see.

Business community epichlorohydrin analysts believe that overall, the current poor performance of the downstream epoxy resin Market drag market mentality, it is expected that in the short term, epichlorohydrin market may have a small downward finishing, more attention should be paid to market information guidance.

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