This week, the market price of epichlorohydrin remained high and stable. According to the monitoring and analysis system of Shengyi Society, as of August 7th, the benchmark price of Shengyi Society’s epichlorohydrin was 11500 yuan/ton, an increase of 0.88% compared to early August.
Price influencing factors:
On the raw material side: The external price of raw material glycerol remains high and firm, with tight market supply. Most domestic glycerol factories are operating under capacity, and there is a risk of production reduction. The cost pressure of epichlorohydrin is high, and some enterprises have a strong atmosphere of price increase in order to avoid losses. The price of raw material propylene has risen. Overall, the high cost pressure on the raw material side has provided strong support for the cost of epichlorohydrin, resulting in a slight increase in prices. According to the market analysis system of Shengyi Society, as of August 7th, the benchmark price of propylene in Shengyi Society was 6413.25 yuan/ton, a decrease of 0.31% compared to the beginning of this month (6433.25 yuan/ton).
Demand side: The downstream epoxy resin market is under high cost pressure, with weak terminal demand and a slight decrease in market focus. The main focus is on meeting the urgent needs of purchasing epichlorohydrin, and the trading atmosphere is cold. It is expected that the epichlorohydrin market will continue to operate steadily in the near future.
Market forecast: Analysts from Shengyi Society believe that the prices of glycerol and propylene on the cost side remain strong at high levels, downstream demand is weak, and the trading atmosphere is cold. It is expected that the epoxy chloropropane market will remain stable in the near future, and more attention still needs to be paid to changes in raw material prices and market supply and demand.
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