Price trend

Epichlorohydrin market prices have recently surged, with some manufacturers refusing to quote prices. Downstream demand was general, with purchases primarily on-demand and a general wait-and-see approach. According to the SunSirs monitoring and analysis system, as of September 9th, the benchmark price of epichlorohydrin on SunSirs was 12,900 RMB/ton, an 11.21% increase from the beginning of September.

Price Influencing Factors:

Raw Materials:

Prices of raw materials propylene and glycerin saw mixed fluctuations this week. The latest reference price for 99.5% glycerin in East China was 9,250 RMB/ton, up 200 RMB/ton from the previous week. Propylene market prices declined slightly. Overall, raw material prices remain high, providing positive support for epichlorohydrin prices. According to the SunSirs market analysis system, as of September 8, the SunSirs benchmark price for propylene was 6,605.75 RMB/ton, down 0.86% from the price of 6,663.25 RMB/ton at the beginning of the month.

Plant Status:

Zibo Feiyuan's 100,000 tons/year glycerin process plant was shut down on August 31st, with a restart date to be announced later. Plants at Hubei Minteng, Hebei Zhuotai, Zhejiang Zhenyang, and Guangxi Jinze remained shut down. Quzhou Juhua's 100,000 tons/year glycerin process plant was shut down on the morning of September 4th, with a restart date to be announced later. Several other plants were temporarily shut down for extended periods. The overall epichlorohydrin industry operating rate was 50-60%. Overall, epichlorohydrin supply was tight, and market prices are expected to continue to rise in the near future.

On the demand side:

As prices of the raw material epichlorohydrin rose in the downstream epoxy resin market, manufacturers were also raising prices. However, most manufacturers ere cautiously waiting and purchasing high-priced raw materials, with weak demand. Due to insufficient follow-up from end-user demand, the actual trading atmosphere wa mediocre. Overall, the demand side provided limited support for the epichlorohydrin market.

Market outlook

Analysts of epichlorohydrin from SunSirs believe that the high prices of glycerol and propylene on the cost side were supporting the market. In addition, the unexpected events led to suppliers being more active in pushing up prices. The market spot inventory was tight, and some manufacturers closed their orders and were not quoting. It is expected that the market price of epichlorohydrin will continue to rise in the near future. More attention still needs to be paid to raw material prices and changes in market supply and demand.

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