Recently, the market for epichlorohydrin has been mainly stable, and the market atmosphere is light. According to the Commodity Market Analysis System of Business Society, as of December 17th, the average price quoted by epoxy chloropropane enterprises was 8150.00 yuan/ton, which is unchanged from the price on Monday (December 11th).

Price influencing factors:

Cost side: According to the commodity market analysis system of Shengyishe, the domestic propylene (Shandong) market has slightly increased recently (12.11-12.15), with an average price of 6968 yuan/ton at the beginning of the week and 7010 yuan/ton at the end of the week, with a weekly increase of 0.61%. The price of raw material glycerol is mainly stable, and the impact of cost on the epichlorohydrin market is not significant.

Supply and demand side: Recently, some factories in Jiangsu, Shandong, and other regions have restarted their facilities, leading to an increase in spot supply in the market. Factory delivery contracts are the main focus, and inventory on the supply side is not under pressure. However, the demand side has a weak intention to replenish demand, mainly due to weak downstream epoxy resin operations. The mentality towards raw material procurement is cautious, and some companies in the market are offering low prices under shipment pressure, resulting in a light market atmosphere.

Analysts from Business Society believe that the current cost impact is limited, and supply side support still exists. However, the demand side is weak, and it is expected that the market for epichlorohydrin may remain stagnant and operate on a wait-and-see basis in the short term. More attention still needs to be paid to market news guidance.