Last week, the price of epichlorohydrin has risen to a high level, and the tight supply situation has not been significantly alleviated. At present, there is a strong wait-and-see sentiment in the downstream market, and the epichlorohydrin market has been running steadily this week. According to the monitoring and analysis system of Shengyi Society, as of July 11th, the benchmark price of Shengyi Society’s epichlorohydrin was 10300 yuan/ton, an increase of 5.1% compared to July 1st.
Price influencing factors:
Raw material side: The raw material propylene market is operating steadily, while the glycerol market continues to rise due to external market prices and tight supply. According to the market analysis system of Shengyi Society, as of July 10th, the benchmark price of propylene in Shengyi Society was 6575.75 yuan/ton, a decrease of 2.16% compared to the beginning of this month (6720.75 yuan/ton).
Supply side: This week, the spot market for epoxy chloropropane is slightly tight, and some companies have insufficient production. It is understood that parking will be conducted within the week in Jiangxi, and the restart time will be notified separately; Some devices are still parked for a long time. At present, the domestic industry’s capacity utilization rate is around 50%. It is difficult to find low-priced goods in the market, but the trading atmosphere is still acceptable. It is expected that the price of epichlorohydrin will remain stable in the short term.
On the demand side: Due to high cost pressure, some companies in the downstream epoxy resin market have seen price increases, but the enthusiasm for terminal inquiries is average, and the market performance is cautious and wait-and-see. Small orders for essential needs are the main focus, and the fluctuation of the trading center is limited.
Market forecast: Analysts from Shengyi Society believe that the high cost side glycerol price supports the tight spot supply in the market, and low-priced sources are difficult to find. The trading atmosphere is still acceptable. It is expected that the market price of epichlorohydrin will remain stable in the short term, and more attention still needs to be paid to changes in raw material prices and market supply and demand.
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