The price of epichlorohydrin has continued to rise 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 December 11th, the benchmark price of Shengyi Society’s epichlorohydrin was 9125.00 yuan/ton, an increase of 1.11% compared to the beginning of this month (9025.00 yuan/ton).

Price influencing factors: The market price of propylene liquid chlorine on the raw material side fluctuates. According to the market analysis system of Shengyi Society, as of December 11th, the benchmark price of propylene in Shengyi Society was 6858.25 yuan/ton, an increase of 0.18% compared to the beginning of this month (6845.75 yuan/ton).

Supply side: The atmosphere of epoxy chloropropane in the domestic market continues to rise. At present, due to the parking plans of some enterprises, the supply of spot goods in the market is tight.

Downstream demand side: Under cost support, downstream epoxy resins continue to show an upward trend. Suppliers are cautious in purchasing high priced raw materials and maintain a focus on purchasing for essential needs.

Market forecast: Analysts from Shengyi Society believe that the rise and fall of cost side prices are uneven, with downstream demand mainly focused on purchasing and cautious procurement of raw materials. In addition, the market supply is tight, and it is expected that there may be a slight increase in the epoxy chloropropane market in the short term. More attention still needs to be paid to changes in market prices.