The trading atmosphere was weak, and the market for epichlorohydrin fell on August 13.

I. The price trend of epichlorohydrin:

The market for epichlorohydrin has fallen, according to a large number of data from business associations. As of August 13, the average price of epichlorohydrin was 14400.00 yuan/ton, down 17.56% compared with August 1.

II. Market analysis:

Products: Epichlorohydrin market fell. Mainstream manufacturers offer downward, market wait-and-see atmosphere is strong, trading atmosphere is weak, real orders are limited, low-end offers increase under the pressure of shipment. At present, the mainstream price of epichlorohydrin in domestic market is around 14000-14900 yuan/ton.

Industry chain: Upstream propylene market in Shandong continued to rebound by the 13th. The price of propylene enterprises in Shandong Province maintained stable in early August, and began to fall continuously on the 5th day. It dropped 450-500 yuan/ton on the 8th day. The double weekend began to rise again. On the 13th day, the price of propylene enterprises rose again by 50-100 yuan/ton. At present, the market turnover is about 7650-7750 yuan/ton, and the mainstream price is about 7650 yuan/ton. The downstream epoxy resin loses cost support due to the decline of raw materials, and becomes weaker gradually. The high-end transaction is slightly difficult, and the actual single transaction is limited.

Industry: According to the price monitoring of business associations, on August 13, 2019, there were 11 kinds of commodities rising annually in the chemical sector. The top three commodities were hydrogen peroxide (3.95%), dichloromethane (3.28%) and acetic anhydride (2.45%). There were 18 kinds of products with a decline of more than 5%, accounting for 2.4% of the monitored products in this sector. The products with the first three declines were epichlorohydrin (-10.65%), yellow phosphorus (-6.67%) and cyclohexanone (-2.48%). The average 13-day rise and fall was -0.18%.

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3. Future market forecast:

Analysts of business association epichlorohydrin think that the rising price of propylene in the upstream has some support for epichlorohydrin, but in the downstream manufacturers’buying-up and not-buying-down mentality, the lower the market is, the more unintentional it is to pick up goods, the more prudent it is to operate and purchase on demand, the terminal consumption is still weak. It is expected that the epichlorohydrin market will be dominated by weak operation in the short term, and more attention should be paid to market trends.