Price trend

According to the data of SunSirs, the market price of epichlorohydrin has fallen recently. The average price of enterprises on December 1 was 12,833.33 RMB/ton, and the average price of enterprises was 11833.33 RMB/ton on December 9. It was 7.79%. In the three-month cycle, it fell 4.05% year-on-year.

Analysis review        

Product: The epichlorohydrin market has fallen recently. Epichlorohydrin manufacturers are not willing to ship at a low price. However, downstream companies mostly consume raw materials in stock, operate with care and purchase on demand, the trading atmosphere is light, and the market is waiting and watching. At present, the prevailing quotation in the domestic epichlorohydrin market is around 11,000 ~ 12,000 RMB/ton.

Industrial chain: On the 9th, the market in the upstream propylene Shandong region continued to decline. At present, the market transaction has fallen to about 6,670 ~ 7,050 RMB/ton, and the mainstream price is 6,670 ~ 6,700 RMB/ton. Due to the heavy fog in Shandong area, the logistics is not smooth, the entry of external sources of supply is blocked, and the OPEC + meeting on the weekend has been delayed and strengthened. International crude oil has surged, so it is expected that the propylene market price may start to stabilize and pick up recently. On December 9th, downstream epoxy resin factories mostly made steady offers, and the trading atmosphere was light.

Market outlook

The epichlorohydrin analyst of the business agency believes that the recent price of raw material propylene has weakened, and the cost support of epichlorohydrin has weakened. The downstream buying is just needed, the participation is not high, and wait and see carefully. However, the epichlorohydrin manufacturers are not willing to lower. It is expected that in the short term, the epichlorohydrin market may be stalemate and run. More attention needs to be paid to the upstream and downstream mainstream manufacturers' information guidelines.

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