Epichlorohydrin continues to rise this week. At present, there is a shortage of spot goods in the market, and supply remains tight. After the price increase, low-priced spot goods are difficult to find, and there has been a decrease in trading orders in the market, with a focus on purchasing small orders for essential needs. According to the monitoring system of Shengyi Society, as of November 22, the benchmark price of Shengyi Society’s epichlorohydrin was 9100 yuan/ton, an increase of 5.51% compared to the beginning of this month (8625 yuan/ton).

Price influencing factors: The prices of propylene and liquid chlorine at the raw material end are still supported. According to the market analysis system of Shengyi Society, as of November 22, the benchmark price of propylene in Shengyi Society was 6768.25 yuan/ton, a decrease of -0.26% compared to the beginning of this month (6785.75 yuan/ton).

Equipment situation: In early October, Jiangsu Haixing Chemical, a leading enterprise in epoxy chloropropane production, stopped maintenance of its 130000 tons/year propylene method epoxy chloropropane unit.

Downstream demand side: The downstream epoxy resin demand is mainly based on small orders, and the raw material side continues to rise. The cost of epoxy resin is supported, and suppliers are cautious in purchasing, resulting in low enthusiasm for inquiries.

Market forecast: Business Society’s epoxy chloropropane analyst believes that the cost side price support is still acceptable, with downstream rigid demand procurement as the main focus, insufficient follow-up of new orders, and cautious procurement of raw materials. In addition, leading enterprises have stopped for maintenance, and the market supply is tight. It is expected that the epoxy chloropropane market may rise slightly in the short term, and more attention should still be paid to changes in market prices.