On May 14th, the market price of epichlorohydrin increased. According to the monitoring and analysis system of Shengyi Society, as of May 14th, the benchmark price of Shengyi Society’s epichlorohydrin was 9100 yuan/ton, an increase of 1.11% compared to early May.
Price influencing factors:
Raw material side: Recently, the raw material propylene market has rebounded, providing sufficient support for the epichlorohydrin market. According to the market analysis system of Shengyi Society, as of May 13th, the benchmark price of propylene in Shengyi Society was 6688.25 yuan/ton, an increase of 1.79% compared to the beginning of this month (6570.75 yuan/ton).
Device situation: Some devices are operating with increased load. In addition, some devices are parked for a long time. At present, the overall operating rate of the industry is 50-60%. Overall, the supply of epichlorohydrin in the market is tight, and prices are showing an upward trend.
Downstream demand side: The downstream epoxy resin market supply remains normal, with a capacity utilization rate of over 50%. But the terminal demand is weak, trading is not smooth, and the main focus is on purchasing for essential needs. Overall, downstream demand is average, and the market has a strong wait-and-see attitude.
Market forecast: Analysts from Shengyi Society believe that the raw material propylene market price will rise, and the supply of epoxy chloropropane in the market will be tight. However, downstream demand is weak, and the purchasing mentality is not positive. It is expected that the epoxy chloropropane market will maintain a stable to strong trend in the short term, and more attention still needs to be paid to changes in raw material prices and market supply and demand.