According to the Commodity Market Analysis System of Shengyi Society, as of October 30th, the benchmark price of Shengyi Society’s epoxy propane was 8625 yuan/ton, an increase of 1.23% compared to the beginning of this month (8520 yuan/ton).

Price influencing factors:

Supply side: The market supply is sufficient. Due to sufficient inventory, domestic epoxy propane is showing an upward trend. However, weak demand has led to a weak game between supply and demand, resulting in a decline in the price of epichlorohydrin.

Raw material side: At the end of October, the raw material propylene market experienced a slight decline. 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 October 29th, the benchmark price of propylene in Shengyi Society was 6860.75 yuan/ton, an increase of 5.34% compared to the beginning of this month (6513.25 yuan/ton).

Downstream demand side: The downstream order volume has slightly increased, but the sustainability is weak, and the supply and demand transmission is not smooth. Many adopt a wait-and-see attitude, and the epoxy propane market is experiencing a situation of mixed ups and downs.

Market forecast:

An epoxy propane analyst from Shengyi Society believes that the supply-demand game has led to a decline in epoxy propane prices. It is expected that there will be a slight increase in epoxy propane in the short term, and more attention should be paid to market news guidance.