SunSirs: The Epichlorohydrin Market Center Saw a Downward Trend Last Week (November 3-6)

Price trend

Due to a lack of positive market news, the epichlorohydrin market saw a downward trend in trading last week. According to data from the SunSirs' monitoring and analysis system, as of November 6th, the benchmark price for epichlorohydrin was 11,400 RMB/ton, a decrease of 4.2% compared to the beginning of the month.

Factors affecting price:

Raw material side: Propylene prices fell last week. Insufficient cost support led to a downward trend in epichlorohydrin prices. According to data from the SunSirs' market analysis system, as of November 6th, the SunSirs' benchmark propylene price was 5,970.75 RMB/ton, a decrease of 1.44% compared to the beginning of the month (6,058.25 RMB/ton).

On the demand side: Downstream buyers were mainly purchasing on an as-needed basis, adopting a cautious wait-and-see approach. Traders were influenced by a "buy high, sell low" mentality, leading to a sluggish market atmosphere and cautious new order transactions. The epichlorohydrin market price is expected to remain weak and stable in the near future.

Market outlook

According to analysts at SunSirs, epichlorohydrin prices are falling due to insufficient cost support, continued sluggish downstream demand, and traders' "buy high, sell low" mentality. The market is expected to be down weakly in the near term, with continued attention focused on raw material prices and changes in supply and demand.

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