Price trend
After the Qingming Festival in April, the market price of epichlorohydrin remained stable. According to the monitoring and analysis system of SunSirs, as of April 8th, the benchmark price of SunSirs' epichlorohydrin was 9,033.33 RMB/ton, an increase of 1.5% compared to early April.
Price influencing factors:
Raw material side: The market for raw materials propylene and glycerol was mainly fluctuating and consolidating. According to the market analysis system of SunSirs, as of April 7th, the benchmark price of propylene in SunSirs was 6,823.25 RMB/ton, an increase of 1.15% compared to the beginning of this month (6,745.75 RMB/ton).
Supply side: Glycerol based epichlorohydrin enterprises were experiencing losses, reduced production enthusiasm, and tight market supply.
Downstream demand side: The downstream epoxy resin market supply remained normal, with a capacity utilization rate of over 50%. But the terminal demand was weak, trading was not smooth, and the main focus was on purchasing for essential needs. Overall, the demand for epichlorohydrin has weakened, with weak upward momentum and mainly stable operation.
Market outlook
Analysts from SunSirs believe that downstream market demand was weak, traders' purchasing mentality was not positive, and market trading was not smooth. It is predicted that the epichlorohydrin market will lack power for growth in the later stage or continue to operate steadily, and more attention still needs to be paid to changes in market supply and demand.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com
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