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SunSirs: In the First Half of July, the Epichlorohydrin Market Fluctuated to Fell
July 17 2020 14:46:50SunSirs(John)

Price trend

In the first half of July, the market price of epichlorohydrin fluctuated, and the overall trend showed a downward trend. According to the data of SunSirs’ list, as of July 15th, the average price of epichlorohydrin enterprises was 9,900 RMB/ton, which was a decrease of 5.11% compared with July 1st (10,433.33 RMB/ton), compared with June 15th., it fell by 8.05%.

Analysis review

The price of raw material propylene has fluctuated up and down recently. The price on the 15th was generally stable. The trading atmosphere of the epichlorohydrin market was light. The sales pressure of the holders did not decrease. As prices continued to fall to a low level, in addition, holders expected downstream inventory and replenishment demand, and the intention to sell at a low price has weakened. However, the downstream market had insufficient enthusiasm and real orders were limited.

On July 15th, the upstream propylene market in Shandong was generally stable. According to the price chart of the business agency, the recent price of propylene fluctuated up and down periodically, and the shock price range was relatively stable. From the beginning of July, the price has been continuously lowered by 200~250 RMB/ton, and the price has been adjusted back to about 250 RMB/ton from the 6th to the 9th. On the 10th and 11th, the price was roughly the same. On the 12th, the price went down for the second time, and it has now dropped by 100-150 RMB/ton. Most of them are still stable today. The current market transaction is between 6,650-7,000 RMB/ton, and the mainstream prices are about 6,750 RMB/ton. The inventory pressure of propylene manufacturers is not large, crude oil prices are slightly up, the overall downstream market operating rate is general, and the downstream purchase enthusiasm is weak, the market trading is quiet, and there is still a distance from the lower limit of the recent propylene shock range, so it is expected that the recent price of propylene will have downward space, or will continue to decline, which will have a negative impact on epichlorohydrin.

On July 15th, the downstream epoxy resin operated weakly. Under the influence of raw materials, the holder’s mentality was unstable, and active sales were the mainstay. Active offers were on the low end, and terminal buying was limited to follow up.

Market outlook

Epichlorohydrin analysts of SunSirs believe that the recent price of raw material propylene has fluctuated up and down periodically. As the price of epichlorohydrin fell to a low level, the low-price shipping mentality of the holders has weakened, but the downstream market has insufficient gas to buy. Follow-up is limited. It is expected that the epichlorohydrin market will stabilize and wait-and-see operation in the short term.

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

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