SunSirs: The Price of Epichlorohydrin Rose to the Highest Point of the Year on October 23

Price trend

According to the price monitoring of SunSirs, the average price of epichlorohydrin was 18,800 RMB/ton as of October 23, which was 21.29% higher than that of October 8, and 76.53% higher than that of January 1. The domestic market price of epichlorohydrin rose to the highest point on October 23 in the year.

Analysis review

Products: On the 23rd, the domestic epichlorohydrin market continued to rise. Due to the state of the main domestic factory parking, the spot supply is tight, the price continues to rise, the manufacturer has no shipping pressure, the holders offer high prices, and low-cost sources are hard to find. As the price quickly rises to a high level, downstream demand for high-priced raw materials is just a matter of cautious wait-and-see. On the 23rd, the mainstream price of domestic epichlorohydrin market was 17500-20000 RMB/ton.

Industry chain: On the 23rd, the market price of the upstream propylene in Shandong region remained stable. At present, the market turnover is around 7200~7550 RMB/ton, and the mainstream price is 7200 RMB/ton. On the 23rd, the production cost of downstream epoxy resin remained high, and manufacturers continued to offer high-end offers.

Market outlook

The epichlorohydrin analyst of SunSirs believes that the stability of the upstream raw material propylene price has little effect on the epichlorohydrin. The current market price of epichlorohydrin has risen to the highest point in the year, and the supply and demand side remains the key to the rise and fall of epichlorohydrin prices. Continued strong high-end prices may cause downstream users to “be beyond the reach”, and the resistance is getting stronger. However, when the supply side has not been alleviated, few manufacturers are willing to take the goods at low prices. It is expected that in the short term, the epichlorohydrin market will be dominated by digestive gains, but the specific trend still needs to pay close attention to the downstream mainstream market demand..

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