According to the Commodity Market Analysis System of the Business Society, as of September 7th, the average price quoted by epichlorohydrin enterprises was 8275.00 yuan/ton, an increase of 0.61% compared to September 1st and a decrease of 28.04% compared to the same period last year.

Since September, the market for epichlorohydrin has been operating steadily. Recently, the price of raw material glycerol has been mainly stable, while the price of raw material propylene is high. The cost support is strong, and the industry’s capacity utilization rate is below 50%. At the beginning of the month, the supply side is tight, supporting manufacturers’ price mentality. Downstream companies mainly need to follow up, with a strong cautious wait-and-see attitude. On the 7th, the mainstream negotiations in the Shandong epichlorohydrin market were around 8200-8400 yuan/ton.

Upstream propylene, according to the Commodity Market Analysis System of Business Society, on September 6th, the reference price for propylene was 7288.25, an increase of 2.46% compared to September 1st (7113.25).

Downstream epoxy resin, according to the Commodity Market Analysis System of Business Society, the reference price of epoxy resin on September 6th was 14366.67, a decrease of 0.69% compared to September 1st (14466.67).

Analysts from Business Society’s epichlorohydrin believe that cost support is still present, and factory inventory is currently not under pressure. However, supply is expected to increase, and downstream companies are cautious in following up. It is expected that the epichlorohydrin market may operate at a high level in the short term, and more attention still needs to be paid to changes in the supply side of the market.