Recently, the price of epichlorohydrin has continued to decline. According to the Commodity Market Analysis System of Shengyi Society, as of August 22, the benchmark price of Shengyi Society’s epoxy propane was 8662.50 yuan/ton, a decrease of -3.48% compared to the beginning of this month (8975.00 yuan/ton).

Price influencing factors:

Raw material side: Recently, the price of propylene in the market has risen, and the price of liquid chlorine has been running weakly and steadily. In addition, some liquid chlorine enterprises have undergone equipment maintenance due to malfunctions, resulting in a decrease in liquid chlorine exports and pressure on the cost of epichlorohydrin. Therefore, the price of liquid chlorine has remained firm in multiple aspects. According to the market analysis system of Shengyi Society, as of August 22, the benchmark price of propylene in Shengyi Society was 6890.75 yuan/ton, a decrease of -2.72% compared to the beginning of this month (7083.25 yuan/ton).

Downstream demand side: Downstream mainly focuses on essential procurement, with a cold trading atmosphere and insufficient order volume. Downstream wait-and-see sentiment is strong, market atmosphere is weak, and the market is declining.

Market forecast:

An epoxy propane analyst from Shengyi Society believes that the current cost of epoxy propane is under pressure, downstream new orders are generally followed up, and transactions are mainly driven by demand. It is expected that in the short term, the epoxy propane market will mainly operate weakly and steadily, and more attention still needs to be paid to changes in raw material prices.