1、 Price trend of epichlorohydrin:
(Figure: epichlorohydrin product p value curve )
2、 Market analysis:
| PVA 1788 (PVA BP17) |
Product: according to the data of the business club’s bulk list, the market of epichlorohydrin has fallen again and again recently. The terminal demand is low, the production factory’s shipment is blocked, the inventory is under pressure, the manufacturer’s intention of low delivery is enhanced, the new single offer offers the profit for shipment actively, the negotiation center keeps falling, the downstream start-up load is low, the enthusiasm for market operation is not high, and the on-site wait-and-see atmosphere is strong. As of the 9th, the average price of epichlorohydrin enterprises was 10500 yuan / ton, down 13.93% compared with March 1st and 25.88% compared with January 1st. At present, the main quotation of epichlorohydrin market in China is about 9500 ~ 11000 yuan / ton.
On March 9, the epichlorohydrin commodity index was 74.15, down 6.59 points from yesterday, down 44.54% from 133.71 (2019-10-29), and up 58.27% from 46.85, the lowest point on September 7, 2016. (Note: cycle refers to 2011-09-01 to now)
| PVA 1799 (PVA BF17) |
Industrial chain: on March 9, the market price of propylene in Shandong Province remained stable. On September 9, the market turnover was still between 6600-6800 yuan / ton, and the mainstream price was between 6600-6650 yuan / ton. Now affected by OPEC meeting, international crude oil plummeted, and some chemical futures market also fell sharply. Now, due to the low production and inventory of propylene plant and the shortage of market supply, the propylene market is still stable on September 9. However, due to the impact of upstream and downstream, the propylene price is expected to decline, and the strength is not small. Downstream epoxy resin, double raw materials fell together, the cost support weakened, and the terminal demand is poor, the production enterprise shipment is not smooth, the market trading atmosphere is weak, and the actual single operation is limited.
3、 Future forecast:
According to the epichlorohydrin analysts of the business association, the downstream start-up load is low, the demand side is weak, and the market lacks the support of strong positive factors. It is expected that in the short term, the epichlorohydrin market will be weak and put into operation to release the inventory pressure.
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