The market price of epichlorohydrin increased in September. Multiple production enterprises are undergoing equipment maintenance, resulting in tight market supply. Xinyue, Binhua and other facilities operate with reduced load. The decrease in supply has caused traders to push up market prices. According to the market analysis system of Shengyi Society, as of September 26th, the benchmark price of Shengyi Society’s epichlorohydrin was 8525 yuan/ton, an increase of 6.73% compared to the beginning of this month (7987.5 yuan/ton).

Price influencing factors:

Raw material side: Recently, the propylene market price has fluctuated and declined. According to the market analysis system of Shengyi Society, as of September 26th, the benchmark price of propylene in Shengyi Society was 6690.75 yuan/ton, a decrease of -3.98% compared to the beginning of this month (6968.25 yuan/ton).

Downstream demand side: The consolidation and operation of the downstream epoxy resin market is the main focus, with a production capacity utilization rate of over 50%. There is sufficient inventory, and some factories are temporarily shutting down to adjust the load of their equipment under inventory pressure. Downstream terminal inquiries are not active, cautious procurement of raw materials, insufficient follow-up on new orders, and weak signing volume.

Market forecast: Business Society’s epoxy chloropropane analyst believes that there is still cost pressure on epoxy chloropropane, insufficient follow-up of downstream new orders, cautious procurement of raw materials, and the main demand for transactions. It is expected that in the short term, the epoxy chloropropane market will mainly operate weakly and steadily, and more attention still needs to be paid to changes in raw material prices.