After the Qingming Festival in April, the market price of epichlorohydrin weakened. According to the monitoring and analysis system of Shengyi Society, as of April 8th, the benchmark price of Shengyi Society’s epoxy propane was 7937.5 yuan/ton, an increase of 1.5% compared to early April.
Price influencing factors:
Supply side: Currently, there is ample supply of spot goods in the market, and some devices have maintenance plans in place.
Raw material side: The raw material propylene market has fluctuated and weakened, and cost pressure has eased to some extent. According to the market analysis system of Shengyi Society, as of April 7th, the benchmark price of propylene in Shengyi Society was 6823.25 yuan/ton, an increase of 1.15% compared to the beginning of this month (6745.75 yuan/ton).
Downstream demand side: The downstream market is mostly wait-and-see, with insufficient support from the demand side. The trading atmosphere is average, with a focus on on-demand procurement.
Market forecast:
Business Society’s epoxy propane analyst believes that the loose supply of epoxy propane has eased the pressure on the end market, and the downstream trading atmosphere is average, with on-demand procurement as the main focus and insufficient demand support. It is expected that the epoxy propane market will continue to fluctuate in the later stage, and more attention should be paid to changes in raw material prices.