According to the monitoring and analysis system of Shengyi Society, as of October 15th, the benchmark price of Shengyi Society’s epichlorohydrin was 12500.00 yuan/ton, an increase of 2.46% compared to the beginning of this month (12200.00 yuan/ton).
Price influencing factors:
Raw material end: High level support of glycerol propylene. The combination of high external prices and tight supply has led to increased cost pressure on the glycerol based epichlorohydrin factory, significantly squeezing profit margins and forming rigid support for epichlorohydrin prices. The current supply-demand imbalance in the glycerol market is prominent, and it is expected that cost pressures will continue to be transmitted to the downstream epichlorohydrin industry chain in the short term. According to the market analysis system of Shengyi Society, as of October 15th, the benchmark price of propylene in Shengyi Society was 6380.75 yuan/ton, a decrease of 2.48% compared to the beginning of this month (6543.25 yuan/ton).
Demand side: The pressure of epoxy chloropropane price increase is being transmitted downwards along the industry chain. Although coating companies are facing significant cost pressures, downstream stocking demand still provides rigid support for prices. In the short term, the market presents a dual feature of cost push and demand bottoming out. It is expected that the market price of epichlorohydrin will remain weak and stable in the later stage.
Market forecast: Analysts from Shengyi Society believe that the prices of glycerol and propylene on the cost side still provide support for epichlorohydrin, and downstream demand is limited due to urgent purchases. It is expected that the market price of epichlorohydrin will remain weak and stable in the later stage, and more attention still needs to be paid to changes in raw material prices and market supply and demand.