SunSirs: The Epichlorohydrin Market in November Experienced an Initial Decline Followed by Stabilization

Price trend

The epichlorohydrin market experienced an initial decline followed by stabilization in November. According to the monitoring and analysis system of SunSirs, as of November 28th, the benchmark price of epichlorohydrin was 11,200.00 RMB/ton, a decrease of 5.88% compared to the beginning of the month.

Factors affecting price:

Raw materials: The price of raw glycerin fell due to the influence of the international market, weakening the support for the price of epichlorohydrin. The price of propylene, a raw material, rose slightly this month, but fell again towards the end of the month. Overall, cost fluctuations were mixed, providing insufficient support for epichlorohydrin prices. Traders were pessimistic, and showed a strong willingness to sell at lower prices to secure new orders, leading to a weaker overall market performance. According to the business data analysis system of SunSirs, as of November 28th, the benchmark price of propylene was 6,193.25 RMB/ton, an increase of 2.23% compared to the beginning of the month (6,058.25 RMB/ton).

Demand side: The downstream epoxy resin market was weak, and actual transaction activity as sluggish. Traders were mostly taking a wait-and-see approach and purchasing cautiously, which further exacerbated the market downturn. Downstream end-user consumption of epichlorohydrin was weak, lacking strong support. It is expected that the epichlorohydrin market price will remain stable in the near future.

Market Outlook:

According to analysts at SunSirs, the cost support for epichlorohydrin was weakening. Downstream demand was weak, with only essential purchases being made, resulting in a sluggish trading atmosphere. It is expected that the epichlorohydrin market price will mainly be stable in the future, but further attention should be paid to raw material prices and changes in market supply and demand.

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