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SunSirs: The Price of Epichlorohydrin Was Mainly Stable on May 20

May 22 2020 14:15:57     SunSirs (John)

Price trend

The epichlorohydrin commodity index on May 20 was 77.68, unchanged from the former day, down 41.90% from 133.71 (2019-10-29), the highest point in the cycle, and up 65.81% from 46.85, the lowest point on September 7, 2016. (Note: cycle refers to 2011-09-01 to now)

 

Analysis review   

Product: According to the monitoring data of SunSirs, the epichlorohydrin market has recently fluctuated upward, and it has stabilized on May 20. As of May 20, the average price of epichlorohydrin enterprises' quotations was 11,000 RMB/ton, which was flat compared with the 19th and increased by 12.24% compared with the April 20. Recently, the price of raw material propylene has continued to rise, the cost support has risen, and the stock market has been tightly promoted. The manufacturer ’s low intention is not strong, but the downstream is affected by the news of Jiangsu Haixing Device, and it is not very active in purchasing high-priced raw materials. On the 20th, the prices of epichlorohydrin enterprises were mainly stable, and they were cautious to wait and see. On the 20th, the market price of epichlorohydrin was 10,600-11,000 RMB/ton.

Industry chain: On May 20, the market price of propylene in Shandong continued to climb. Shandong propylene prices stabilized again after a sharp rise and fall last month. The market outlook was steadily going up. During the May Day holiday, the price of propylene slightly increased by about 50 RMB/ton. On the 6th, the price went up by 100 RMB/ton again. On the 7th, 8th and 9th, the price went up by 50 RMB/ton continuously. On the 10th, some enterprises went up by 50 RMB/ton continuously. On the 11th, they went up by 50 RMB/ton again. On the 12th, they went up by 100-200 RMB/ton obviously. On the 13th, they went up by 100-200 RMB/ton continuously. On the 14th, they went up by 50-100 RMB/ton again. On the 15th, they went up by 50-100 RMB/ton continuously From the day off to the 20th, the upward trend has remained the same. The daily upward trend is 50-100 RMB/ton. Now, the market transaction has reached 6,900-7,150 RMB/ton, and the mainstream price is about 6,900 RMB/ton. On May 20th, under the pressure of cost of downstream epoxy resins, manufacturers mainly quoted prices.

Industry: According to the price monitoring of SunSirs, on May 20, 2020, there were 14 kinds of commodities rising in the chemical sector of the list of rise and fall of bulk commodity prices, among which the top three commodities were mixed xylene (1.98%), organosilicon DMC (1.81%) and ethylene (1.75%). There were 7 kinds of commodities that fell sequentially, and the top 3 products were polysilicon (-4.49%), formaldehyde (37%) (-1.52%) and liquid ammonia (-1.07%). The average daily increase or decrease was 0.04%.

 

Market outlook

Analysts of the epichlorohydrin in SunSirs believe that it is expected that in the short term, the epichlorohydrin market will be stalemate-based, and the specific trend will require more attention to market news.

 

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