SunSirs: Epichlorohydrin Market Prices Remained High and Strong

Price trend

Epichlorohydrin market prices remained high and firm last week. According to the monitoring and analysis system of SunSirs, as of August 7, the benchmark price of epichlorohydrin on SunSirs was 11,500 RMB/ton, up 0.88% from the beginning of August.

Factors influencing prices:

Raw material: The overseas price of raw material glycerin remained high, and market supply was tight. Most domestic glycerin factories were operating at undercapacity, with the risk of production cuts. Epichlorohydrin faced significant cost pressure, and some companies were actively pushing up prices to avoid losses. Raw material propylene prices were also rising. Overall, high raw material costs were putting pressure on the raw material market, providing strong support for epichlorohydrin costs, leading to a price increase. According to the SunSirs’ market analysis system, as of August 7, the SunSirs’ benchmark price for propylene was 6,413.25 RMB/ton, down 0.31% from 6,433.25 RMB/ton at the beginning of the month.

On the demand side: The downstream epoxy resin market was under pressure from high costs, resulting in weak end-user demand and a slight decline in the market center. Epichlorohydrin purchases were primarily driven by just-in-time demand, resulting in a subdued trading atmosphere. The epichlorohydrin market is expected to remain stable in the near term.

Market outlook

SunSirs’ epichlorohydrin analysts believe that high glycerin and propylene prices, weak downstream demand, and a subdued trading atmosphere are contributing to the weaker trading atmosphere. The epichlorohydrin market is expected to remain stable in the near term, with more attention still needed to be paid to raw material prices and market supply and demand changes.

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