The market price of epichlorohydrin has slightly increased this week. At present, there is a shortage of spot goods in the market, and supply remains tight. After the price increase, low-priced spot goods are difficult to find, and there has been a decrease in trading orders in the market, with a focus on purchasing small orders for essential needs. According to the monitoring system of Shengyi Society, as of September 19th, the benchmark price of Shengyi Society’s epichlorohydrin was 8350 yuan/ton, an increase of 4.54% compared to the beginning of this month (7987.50 yuan/ton).

Price influencing factors:

Raw material side: The market price of raw material propylene has decreased. Although the manufacturer has sufficient inventory, downstream demand is weak, and the company reduces profits by selling at low prices, resulting in a decrease in actual trading volume. According to the market analysis system of Shengyi Society, as of September 19th, the benchmark price of propylene in Shengyi Society was 6750.75 yuan/ton, a decrease of -3.12% compared to the beginning of this month (6968.25 yuan/ton).

Equipment situation: According to the overall operating rate of the epoxy chloropropane industry within the week, it was 50-60%.

Downstream demand side: Follow up on small orders for downstream epoxy resin demand, with firm quotes from manufacturers and average actual transaction volume.

Market forecast: Analysts from Shengyi Society believe that the impact of cost fluctuations is not significant, and downstream demand buying is the main trend. There is insufficient follow-up on new orders, and raw material procurement is cautious. It is expected that the market price of epichlorohydrin will remain stable in the short term, and more attention should be paid to market price changes.