This week, the market price of epichlorohydrin remained weak and stable. According to the monitoring and analysis system of Shengyi Society, as of November 21st, the benchmark price of Shengyi Society’s epichlorohydrin was 11200 yuan/ton, a decrease of -5.88% compared to the beginning of this month.

Price influencing factors:
Raw material side: This week, the price of raw material propylene has increased, while the price of glycerol has decreased. The market price of raw materials fluctuates, and cost support is limited, causing the center of gravity of epichlorohydrin to shift downwards. According to the market analysis system of Shengyi Society, as of November 21st, the benchmark price of propylene in Shengyi Society was 6098.25 yuan/ton, an increase of 0.66% compared to the beginning of this month (6058.25 yuan/ton).
Demand side: Downstream epoxy resin market demand is weak, trading atmosphere is cold, epoxy chloropropane manufacturers have a bearish mentality, some have reduced prices for sales, and actual transactions are few and far between. The market shows a weak and stable trend, and it is expected that the epoxy chloropropane market price will mainly consolidate weakly in the later stage.
Market forecast: Analysts from Shengyi Society believe that the cost side of epichlorohydrin fluctuates, with limited support and weak downstream demand. The market trading atmosphere is cold, and epichlorohydrin manufacturers have a bearish attitude, with some selling at lower prices and few actual transactions in the market. It is expected that the market price of epichlorohydrin will mainly consolidate weakly in the later stage, and more attention still needs to be paid to changes in raw material prices and market supply and demand.