According to the Commodity Market Analysis System of the Business Society, as of May 26th, the average price quoted by epichlorohydrin enterprises was 8850.00 yuan/ton, a decrease of 0.56% compared to Monday’s price.
This week, the market for epichlorohydrin was mainly down, with some companies adjusting their prices. Recently, the price of raw material propylene has decreased, the cost support for propylene method has weakened, and the price of glycerol has remained stable and fluctuating. The cost pressure for glycerol method still exists, and the production capacity utilization rate of the supply side industry has increased compared to the previous period. However, the enthusiasm for downstream inquiries in the market is not high, manufacturers are under pressure to ship, and the mentality of operators is insufficient. The focus of negotiations in the epichlorohydrin market has declined.
Upstream propylene, according to the Commodity Market Analysis System of Business Society, the reference price for propylene on May 25th was 6450.75, a decrease of 8.53% compared to May 1st (7052.60).
Downstream epoxy resin, according to the Commodity Market Analysis System of Business Society, the reference price of epoxy resin on May 25th was 14100.00, a decrease of 3.64% compared to May 1st (14633.33).
Analysts from the Business Society believe that the current market for propylene as a raw material is weak, with insufficient cost support and sluggish demand, putting pressure on the mindset of the industry. It is expected that the market for epichlorohydrin will be weak in the short term, and more attention still needs to be paid to changes in supply side devices.