The epichlorohydrin market is temporarily stable this week. According to the monitoring and analysis system of SunSirs, as of June 17, the SunSirs epichlorohydrin benchmark price was 9,200.00 yuan/ton, down -5.15% from the beginning of this month (9,700.00 yuan/ton).

Price influencing factors:

Raw material side: The external price of raw material glycerin is high and strong, and domestic demand is weak, resulting in a decline in glycerin prices. The market price of raw material propylene fluctuates and consolidates, and prices in some regions have declined.

According to the market analysis system of SunSirs e, as of June 16, the SunSirs propylene benchmark price was 6,540.75 yuan/ton, up 0.04% from the beginning of this month.

Supply side: Binhua Group stopped on June 4, planned for about 15 days; Hebei Jinbang stopped on June 3, and the restart time will be notified separately. In addition, some units are shut down for a long time. The overall operating rate of the epichlorohydrin industry is 50-60%.

Downstream demand: Downstream epoxy resin market demand is general, downstream users are mostly on the sidelines, purchases are cautious, and new orders have increased when they encounter low prices. Overall, downstream demand is general, and the market is in a wait-and-see mood. The overall operating rate of liquid resin is 70-80%, and the overall operating rate of solid resin is 50-60%.

Market outlook: Analysts of epichlorohydrin at SunSirs believe that the cost side is insufficiently supported, downstream demand is weak, purchases are cautious, and purchases are mainly on dips. It is expected that the epichlorohydrin market may maintain a stable but weak trend in the short term, and more attention should still be paid to raw material prices and changes in market supply and demand.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.