Recently, the market price of epichlorohydrin has remained relatively stable. According to the Commodity Market Analysis System of Business Society, as of April 3rd, the average price quoted by epoxy chloropropane enterprises was 8075.00 yuan/ton, which is basically the same as last Wednesday (March 27th).
Cost side: According to the commodity market analysis system of Shengyishe, since the end of March, the price of raw material propylene has stopped falling and rebounded, and the profit of propylene method has significantly decreased. The price of raw material glycerol has been generally stable recently, and the cost support for glycerol method still exists.
Supply and demand side: Some devices on the supply side have been shut down and reduced in load, resulting in reduced supply. Downstream demand is still insufficient, and inventory raw materials are mainly consumed. The purchase of epichlorohydrin continues to be a small order, with a weak market atmosphere.
Analysts from Business Society believe that the current cost support is significant, coupled with supply side reduction, and the mentality of enterprises to ship at low prices has weakened. However, downstream buying is weak, and the market game is sorted out. It is expected that the market for epichlorohydrin may remain stagnant and operate in the short term, and more attention still needs to be paid to market news guidance.
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