Price trend

According to the monitoring data of SunSirs, the epichlorohydrin market fell this week. The trading atmosphere was light, the pace of resumption of work in the downstream was slow, the replenishment of enquiries was limited, and due to the impact of logistics and transportation, factory shipments were under pressure, and the focus of negotiations fell. As of the 21st, the mainstream quotation of epichlorohydrin companies was around 11,400 RMB/ton, which was 1.48% lower than the beginning of the week and 2.92% lower than the same period last year.

 The epichlorohydrin commodity index on February 22 was 93.93, which was the same as the previous day, down 29.75% from the highest point of the cycle at 133.71 points (2019-10-29), and an increase of 100.49 from the lowest point of September 07, 2016, 46.85 points %. (Note: Period refers to 2011-09-01 to present)

Analysis review   

Industrial chain: 

This week, the domestic propylene (Shandong) market price increased sharply. Since Thursday and Friday, some companies have shown a slight upward trend. This week, the propylene increased by 8.45%. At the beginning of the week, the average price of the company was a weekly low price of 6,103 RMB/ton; on the weekend, the average price of the company was a weekly high price of 6,618 RMB/ton.

Industrial:

According to the price monitoring of SunSirs, in the week 07 of 2020 (2.17-2.21), the commodity price rise and fall of the commodity sector in the chemical sector increased by 26 types, among which there were 4 types of products that increased by more than 5%, accounting for the monitored products in this sector. The top three commodities were crude benzene (8.74%), propylene (8.45%), and ethanol (6.16%). There were a total of 19 types of goods that were down from the previous month. The top three products were hydrogen peroxide (-4.78%), acetic acid (-4.24%), and TDI (-4.05%). This week the average increase or decrease was 0.1%.

Market outlook

Epichlorohydrin analysts believe that this week's upstream propylene trend has risen, and cost support has strengthened. The downstream epoxy resin plant's start-up load is slowly increasing, and more of the raw materials are consumed. The demand is lower than expected. The atmosphere on the sidelines is strong. It is estimated that in the short term, the epichlorohydrin market may be consolidating and operating. It is recommended to pay attention to the guidance of logistics transportation and downstream operation.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.