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SunSirs: Epichlorohydrin Market Shocked Down(June 1-15)
June 17 2020 11:00:48SunSirs(John)

Price trend

According to the data of SunSirs' list, as of June 15, the average price of epichlorohydrin enterprises was 10,766.67 RMB/ton, which was a decrease of 2.71% compared with June 1 (11,066.67 RMB/ton), and it was up 4.19% compared to that on May 15th.

 

Analysis review   

The epichlorohydrin market has recently fluctuated downward.

Market Review: The average price of epichlorohydrin enterprises on June 1st was 11,066.67 RMB/ton. The spot supply on the spot was tight, but the downstream procurement enthusiasm was general, and it was mainly just needed. On the 2nd, the market was temporarily stable. On the 3rd, the market price was lowered to 11,000 RMB/ton. The trading atmosphere was stalemate, and the actual orders were limited. On the 4th, the market price was lowered again to 10,833.33 RMB/ton. On the 5th, it remained stable, the spot supply was still tight and the stockholders maintained a high price mentality. On the 6th, the price was raised to 11,000 RMB/ton, and on the 7th, the price was temporarily stable. The average price of the enterprise during the 8th to 11th was 10,833.33 RMB/ton, and the supply was tight. However, some downstream liquid resin factories were shut down for maintenance, the supply and demand game, and the trading atmosphere was light. However, some downstream liquid resin factories were shut down for maintenance, and the supply and demand sides played a game. The trading atmosphere was light. The price was lowered to 10,766.67 RMB/ton on the 12th. The manufacturer made a profit and the market negotiation centered downward. On the 15th, the mainstream quotation of epichlorohydrin enterprises was 9,800~10,300 RMB/ton.

Industrial chain: Raw material propylene: On June 15, the market price of propylene in Shandong rose slightly. After a week of gains in early June, the Shandong propylene market experienced a significant price correction in mid-term. According to SunSirs, the cumulative decrease of propylene was 350 RMB/ton during 7 days of last week However, the price began to stop falling and rebounded on the weekend. On the 15th, the price rose slightly by about 50 RMB/ton. The current market transaction is between 6,550 and 6,900 RMB/ton, and the mainstream price is between 6,550 and 6,600 RMB/ton. The inventory situation of propylene manufacturers has improved, and there has been a slight correction in the downstream market. However, the raw material market has declined significantly. It is expected that the crude oil market will still be the main trend under the influence of the two phases, so the price of propylene may be lowered again in recent days.

Downstream epoxy resin: On June 15th, downstream epoxy resin, dual raw materials ran weakly, the cost support was weakened, the operation enthusiasm in the venue was not high, and the actual orders were limited.

 

Market outlook

Epichlorohydrin analysts of SunSirs believe that the current raw material propylene has rebounded slightly, which has limited room for the epichlorohydrin market. The downstream buying intention is low-end, and the manufacturers are under pressure for sale. Coupled with the impact of Jiangsu Haixing's qualified epichlorohydrin products on the market, the downstream market is still bearish on the market outlook. It is expected that in the short term, the epichlorohydrin market will fluctuate lower, and more needs to pay attention to market news guidelines.

 

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

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