(Figure: P value curve of epichlorohydrin product)

2、 Market analysis

According to the bulk list data of business society, as of October 27, the average quotation price of epichlorohydrin enterprises was 20066.67 yuan / ton, a decrease of 5.49% compared with the price on October 1, and a year-on-year increase of 45.06% in a three-month cycle.

In October, the market price of epichlorohydrin fluctuated downward. After returning from the National Day holiday, the price of raw propylene was high, the price of glycerol was strong, and the cost support was strong. However, some factories accumulated stocks during the holiday, and mainly reduced prices after the holiday. In addition, due to the news of the restart of devices in large factories in East China, the focus of market negotiation decreased. In the second half of the month, the price of raw material propylene weakened, the price of glycerol operated at a high level, and the cost side was still under pressure. In addition, some enterprises had parking plans, the supply expectation was reduced, and the news supported the price. The quotation of enterprises was mainly stable, with ups and downs, the price fluctuated and sorted out, and the overall decline. The downstream epoxy resin operated weakly, and the epichlorohydrin just needed to be followed up.

For upstream propylene, as of the 26th, the propylene market in Shandong continued to decline by 250 yuan / ton. The propylene price in Shandong was 8350-8400 yuan / ton. The downstream just needed, and the trading atmosphere was general. The main downstream polypropylene started at a low level, the demand follow-up was slow, and the profit space was upside down.

Downstream epoxy resin, on October 26, the liquid epoxy resin Market in East China was sorted out, and the offer was negotiated and delivered in barrels of 33500-34000 yuan / ton. Double raw materials were stable. First, the decline of raw material bisphenol a stopped and stabilized, and the actual single negotiation was held at 20500-20800 yuan / ton. Another important raw material epichlorohydrin was weakly adjusted. Generally speaking, the cost range was adjusted. The downstream just needs inquiry, and the actual order is limited.

3、 Future forecast

According to the epichlorohydrin analysts of business society, in general, the price of raw glycerol is high, the price of propylene continues to decline, the cost support is weakened, and some devices at the supply end are overhauled, but the demand side support is weak. It is expected that the epichlorohydrin market will be dominated by weak adjustment in the short term.