Price trend
According to the monitoring and analysis system of SunSirs, as of October 15, the standard price of epichlorohydrin on SunSirs was 12,500.00 RMB/ton, up 2.46% from the beginning of this month (12,200.00 RMB/ton).
Factors affecting price:
On the raw material side: Glycerin and propylene were providing strong support. High overseas prices and tight supply were increasing cost pressures for glycerin-based epichlorohydrin plants, significantly squeezing profit margins and providing strong support for epichlorohydrin prices. The glycerin market faced a significant supply-demand imbalance, and cost pressures are expected to continue to be transmitted to the downstream epichlorohydrin supply chain in the short term. According to the SunSirs market analysis system, as of October 15th, the SunSirs benchmark price for propylene was 6,380.75 RMB/ton, a 2.48% decrease from 6,543.25 RMB/ton at the beginning of the month.
On the demand side: Epichlorohydrin price increases were spreading down the supply chain. Although coatings companies faced significant cost pressures, downstream stocking demand remained a rigid support for prices. In the short term, the market is characterized by a dual dynamic of cost-driven growth and demand-supported growth. Epichlorohydrin market prices are expected to remain stable in the coming period.
Market outlook
SunSirs’ epichlorohydrin analysts believe that glycerin and propylene prices remained supportive for epichlorohydrin, with downstream demand limited due to rigid demand. Epichlorohydrin market prices are expected to remain weak and stable in the future, with more attention still needed on raw material prices and market supply and demand changes.
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