The epoxy chloropropane market has been operating steadily this week. According to the monitoring and analysis system of Shengyi Society, as of June 17th, the benchmark price of Shengyi Society’s epichlorohydrin was 9200.00 yuan/ton, a decrease of -5.15% compared to the beginning of this month (9700.00 yuan/ton).
Price influencing factors:
On the raw material side: The high and firm prices of glycerol in foreign markets, coupled with weak domestic demand, have led to a decline in glycerol prices. The market price of raw material propylene is fluctuating and consolidating, with some regions experiencing price declines. According to the market analysis system of Shengyi Society, as of June 16th, the benchmark price of propylene in Shengyi Society was 6540.75 yuan/ton, an increase of 0.04% compared to the beginning of this month.
Supply side: Some devices are in long-term shutdown. The overall operating rate of the epichlorohydrin industry is 50-60%.
Downstream demand side: The downstream epoxy resin market demand is generally average, and downstream users tend to be cautious and cautious in procurement. When encountering low-priced purchases, there may be an increase in new orders. Overall, downstream demand is average, and the market has a strong wait-and-see attitude. The overall operating rate of liquid resin is 70-80%, and the overall operating rate of solid resin is 50-60%.
Market forecast: Business Society’s epoxy chloropropane analyst believes that there is insufficient cost support, weak downstream demand, cautious procurement, and mainly bargain hunting. It is expected that the epoxy chloropropane market will maintain a stable to weak trend in the short term, and more attention still needs to be paid to changes in raw material prices and market supply and demand.