After the Spring Festival, the market price of epichlorohydrin continued to rise. According to the monitoring and analysis system of Shengyi Society, as of February 7th, the benchmark price of Shengyi Society’s epichlorohydrin was 9050 yuan/ton, an increase of 0.56% compared to the beginning of this month.

Price influencing factors:

On the raw material side, the prices of propylene and glycerol have increased, leading to a rise in costs and providing strong support for the price of epichlorohydrin, resulting in a continuous increase in epichlorohydrin prices. According to the market analysis system of Shengyi Society, as of February 7th, the benchmark price of propylene in Shengyi Society was 6975.75 yuan/ton, an increase of 2.24% compared to the beginning of this month (6823.25 yuan/ton).

Supply side: During the Spring Festival, the market supply has decreased slightly. Some manufacturers, such as those in Fujian, Hubei, and Hebei regions, have installed devices to reduce production load or shut down, with a operating rate of about 37% during this period.

Downstream demand side: After the holiday, most of the downstream epoxy resin market has not yet resumed production, and some units have been shut down for maintenance or are in a reduced load state. Overall, there is a cold demand for epichlorohydrin, making it difficult to form favorable support. The price remains relatively stable, with a focus on stocking up for essential needs. It is expected to gradually resume normal operation next week, with an increase in demand for epichlorohydrin.

Market forecast: Analysts from Shengyi Society believe that the high prices of raw materials support the demand for epichlorohydrin. As downstream operations gradually return to normal after the holiday ends, there will be an increase in demand for epichlorohydrin. It is expected that the market price of epichlorohydrin may rise in the near future, with a range of around 100-200 yuan. More attention still needs to be paid to changes in market supply and demand.