I. price trend of epichlorohydrin:
Epichlorohydrin market fell, according to the data in the bulk list of business agencies. As of November 5, the average price of epichlorohydrin was 18300 yuan / ton, down 1.79% compared with November 4. In a three-month cycle, it rose 7.96% year-on-year.
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II. Market analysis:
Product: epichlorohydrin market fell. The downstream operators have low enthusiasm for participation, and they always hold a cautious wait-and-see attitude. The market inquiry is just needed for replenishment, and the purchase price is limited. On the spot, the new orders of the shippers are held to let the profits for shipment. At present, the main quotation of epichlorohydrin market in China is about 17900-19000 yuan / ton.
Industrial chain: the market price of propylene in Shandong continued to rise on the 5th. The price of propylene began to decline from the end of October. On the first day, it still fell by 50-100 yuan / ton. On the weekend, the price began to rise again. On the fifth day, it rose by 50-100 yuan / ton. At present, the market turnover is about 7230-7500 yuan / ton, and the mainstream price is 7300 yuan / ton. The downstream epoxy resin lost cost support due to the decline of raw materials, with weak adjustment and operation as the main reason. The actual order needs to be followed up.
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Industry: according to the price monitoring of the business agency, there are 8 kinds of commodities in the rise and fall list of bulk commodity prices on November 5, 2019, among which there is 1 kind of commodity with an increase of more than 5%, accounting for 1.2% of the number of commodities monitored in the plate; the top 3 commodities are R22 (7.76%), trichloromethane (1.42%) and propylene (0.92%). There are 15 commodities with a decline of more than 5% on a month on month basis, accounting for 1.2% of the number of commodities monitored in the sector; the top three products with a decline are ammonium sulfate (- 7.84%), R134a (- 4.23%) and cyclohexanone (- 3.39%).
3. Future forecast:
Epichlorohydrin analysts of the business agency believe that the rebound of upstream propylene price has little impact on epichlorohydrin, and the low gas consumption in the downstream restricts the increase of epichlorohydrin price. It is expected that in the short term, epichlorohydrin market will be dominated by weak finishing operation, and more attention should be paid to the information guidance of upstream and downstream mainstream manufacturers.
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