SunSirs: Last Week, the Focus of Trading in the Epichlorohydrin Market Shifted Upwards and Then Stabilized

Price trend:

Last week, the epichlorohydrin market saw a shift in trading focus upwards before stabilizing. According to data from the SunSirs' monitoring and analysis system, as of November 14th, the benchmark price for epichlorohydrin was 11,400 RMB/ton, an increase of 2.7% compared to the beginning of the month..

Factors affecting price:

Raw material side: Propylene prices remained strong last week. Cost support continued, leading to an upward shift in the price of epichlorohydrin. According to data from the SunSirs' market analysis system, as of November 14th, the benchmark price for propylene was 5,960.75 RMB/ton, a decrease of 1.61% compared to the beginning of the month (6,058.25 RMB/ton).

On the demand side: Downstream buyers showed signs of concentrated restocking, leading to a relatively active market and an overall improvement compared to the previous period. However, following this concentrated restocking, the market activity cooled down, with companies focusing on selling at higher prices. Downstream buyers became more cautious, resulting in limited actual transactions and a stabilizing market trend. It is expected that the price of epichlorohydrin will likely continue to decline in the near future.

Market outlook

According to analysts at SunSirs, epichlorohydrin prices were still supported by certain costs, coupled with active downstream restocking, leading to a rise in market prices. However, after the peak restocking period, companies had become more cautious, with weakened confidence in the market outlook. Actual transactions were limited, with only a few orders placed at higher prices. It is expected that epichlorohydrin prices will trend downwards in the near future, and further attention will be needed to monitor raw material prices and changes in market supply and demand.

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