Recently, the price of epoxy propane in the domestic market has slightly increased. According to the monitoring system of Shengyi Society, as of May 14th, the benchmark price of Shengyi Society’s epoxy propane was 7535 yuan/ton, an increase of 2.87% compared to early May.
Price influencing factors:
Raw material side: Recently, the raw material propylene market has rebounded, providing sufficient support for the epichlorohydrin market. According to the market analysis system of Shengyi Society, as of May 13th, the benchmark price of propylene in Shengyi Society was 6688.25 yuan/ton, an increase of 1.79% compared to the beginning of this month (6570.75 yuan/ton).
On the demand side: downstream demand for epoxy propane replenishment after the holiday, the market trading atmosphere is relatively cautious. Affected by tariff policies, downstream terminal markets have limited procurement of raw materials. Overall, the demand is facing limited support from the epoxy propane market, and the market may maintain a strong and volatile trend in the later stage.
Market forecast:
Business Society’s epoxy propane analyst believes that downstream epoxy propane urgently needs replenishment, cautious procurement, cold market trading atmosphere, and insufficient demand support. However, there is some support on the raw material side, and it is expected that the epoxy propane market will maintain a strong and volatile trend in the later stage. More attention should be paid to changes in raw material prices and downstream supply and demand.