I. The price trend of epichlorohydrin:
The market for epichlorohydrin fell first and then rose this week, according to a large number of data from business associations. As of August 23, the average price of epichlorohydrin was 13466.67 yuan/ton, which was 22.90% lower than that of August 1.
II. Market analysis:
| Thiourea dioxide |
Product: Epichlorohydrin market fell first and then rose this week. At the beginning of the week, the mainstream quotation of epichlorohydrin was about 11500 yuan/ton. Some Shandong factories closed the market without quotation. The foreign quotation of traders followed the factories mostly. The downstream purchasing enthusiasm was not high and the trading atmosphere was slow. The mainstream quotation of epichlorohydrin was about 11000-11500 yuan/ton in the middle of the week. When the price fell to a low level, the orders of downstream factories increased. Downstream low-price buying is positive, epichlorohydrin is rapidly rising, the willingness of the holders to buy at low prices is reduced, and confidence in the future market is increased. As of the 23rd, the mainstream quotation in the East China market was around 13500 yuan/ton, and the acceptance from the surrounding areas was delivered. Mainstream quotation in Shandong market is around 13300 yuan/ton, self-raised. Mainstream market quotation in Huangshan area is around 13500 yuan/ton, acceptance delivered.
Industry chain: The price of upstream propylene enterprises in Shandong Province maintained stable in early August, declined continuously from 5 days to 8 days, declined 450-500 yuan/ton, rebounded on 10 days, rose 200 yuan/ton on 14 days, stabilized on 15 days, declined sharply on 17 days, went 300 yuan/ton on three days, rebounded on 20 days and rebounded on 22 days. It rose by 150 yuan/ton and remained stable on the 23rd. At present, the market turnover is between 7550 yuan/ton and 7700 yuan/ton, and the mainstream price is about 7550 yuan/ton. Up to 23 days, downstream epoxy resin with epichlorohydrin, the focus of negotiations increased, low-cost supply less.
| Thiourea |
Industry: According to the price monitoring of business associations, there are 25 kinds of commodities rising annually in the chemical sector in the 33-week (8.19-8.23) rise-fall list of commodity prices in 2019, of which more than 5% increase is 3.6% of the monitored commodities in the plate; the first three commodities are acetic acid (8.90%), crude benzene (7.83%) and aniline (5.17%). There are 30 kinds of commodities with a decline of more than 5%, accounting for 4.8% of the monitored commodities in this sector. The products with the first three declines are hydrochloric acid (-7.50%), dichloromethane (-7.35%) and sulfur (-5.48%). This week’s average rise and fall was 0.03%.
3. Future market forecast:
Analysts of business association epichlorohydrin think that the price of upstream propylene rises, supported by the cost of raw materials, epichlorohydrin market is good, but with the high price of epichlorohydrin, downstream manufacturers are cautious to buy. It is expected that in the short term, the market of epichlorohydrin will be dominated by narrow-range finishing operation, and more attention should be paid to the mainstream market. Delivery status and information guidance of main factories after resuming quotation.
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