Price trend

This week, the epichlorohydrin market maintained stable operation. According to the monitoring and analysis system of SunSirs, as of March 26th, the benchmark price of SunSirs' epichlorohydrin was 8,850 RMB/ton, a decrease of 5.6% compared to the beginning of this month.

Analysis review

Price influencing factors:

Raw material side: The propylene market was showing a downward trend due to changes in supply and demand. According to the market analysis system of SunSirs, as of March 25th, the benchmark price of propylene in SunSirs was 6,795.75 RMB/ton, a decrease of 0.26% compared to the beginning of this month (6,813.25 RMB/ton). The glycerol market has experienced a narrow correction in price due to external and domestic demand, with a price drop of 1.94% compared to the end of last month.

Supply side: The epichlorohydrin unit of Jiangsu Ruiheng Company's hydrogen peroxide direct oxidation method is currently in a shutdown state. Jiangsu Yangnong Company's equipment for preparing epichlorohydrin using glycerol method was scheduled to be shut down for maintenance on March 15th, lasting about 15-20 days.

Downstream demand side: The downstream epoxy resin industry had weak demand, and the overall market was mainly declining. The domestic epoxy resin market had a production capacity utilization rate of over 50%, and the supply remained normal. The decline in raw material prices, weak terminal demand, and the impact of individual plant shutdowns and production cuts have significantly suppressed the mentality of traders. The lack of active procurement has created negative constraints on the epichlorohydrin market.

Market outlook

The analyst of SunSirs epichlorohydrin believes that the decline in raw materials and insufficient cost support. Part of the production enterprises on the supply side have shut down for maintenance, and coupled with weak downstream demand, traders' purchasing mentality was not positive. It is predicted that the epichlorohydrin market will continue to show a weaker trend in the later stage, and more attention still needs to be paid to changes in market supply and demand.

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