SunSirs: The Epichlorohydrin Market Remained Weak and Stable Last Week (November 17-21)

Price trend:

Last week, the epichlorohydrin market price remained weak and stable. According to data from the SunSirs' monitoring and analysis system, as of November 21, the benchmark price of epichlorohydrin was 11,200 RMB/ton, a decrease of 5.88% compared to the beginning of the month.

Price Influencing Factors:

Raw Materials: Last week, propylene prices rose while glycerin prices fell. The raw material market saw mixed price movements, offering limited cost support, leading to a downward shift in the price of epichlorohydrin. According to data from the SunSirs' market analysis system, as of November 21st, the SunSirs' benchmark price for propylene was 6,098.25 RMB/ton, an increase of 0.66% compared to the beginning of the month (6,058.25 RMB/ton).

On the demand side: Downstream epoxy resin market demand was weak, trading atmosphere was sluggish, epichlorohydrin manufacturers were bearish, some were lowering prices to sell, but there were very few actual transactions, the market was showing a weak and stable trend, and it is expected that the epichlorohydrin market price will mainly consolidate weakly in the later period.

Market outlook

According to analysts at SunSirs, the cost of epichlorohydrin was fluctuating with limited support. Downstream demand was weak, market trading was sluggish, and epichlorohydrin manufacturers were bearish, with some lowering prices. Actual transactions were few. It is expected that the price of epichlorohydrin will mainly consolidate weakly in the later period, and more attention should be paid to the price of raw materials and changes in market supply and demand.

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