Due to the lack of positive news support in the market, the trading focus of epichlorohydrin market has declined this week. According to the monitoring and analysis system of Shengyi Society, as of November 6th, the benchmark price of Shengyi Society’s epichlorohydrin was 11400 yuan/ton, a decrease of -4.2% compared to the beginning of this month.
Price influencing factors:
Raw material side: The price of raw material propylene has fallen this week. Insufficient cost support and weak downward trend of epichlorohydrin. According to the market analysis system of Shengyi Society, as of November 6th, the benchmark price of propylene in Shengyi Society was 5970.75 yuan/ton, a decrease of 1.44% compared to the beginning of this month (6058.25 yuan/ton).
On the demand side: downstream on-demand procurement is the main focus, cautious observation, and traders are influenced by the mentality of buying up and not buying down, resulting in a cold trading atmosphere in the market and cautious new order transactions. It is expected that the market price of epichlorohydrin will remain weak and stable in the later stage.
Market forecast: Analysts from Shengyi Society believe that the cost side support for epichlorohydrin is insufficient, coupled with the continued downturn downstream, and traders are influenced by the mentality of buying up rather than buying down, resulting in a decline in the market price of epichlorohydrin. It is expected that the market price of epichlorohydrin will mainly decline weakly in the later stage, and more attention still needs to be paid to changes in raw material prices and market supply and demand.
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