This weekend, the market price of epichlorohydrin has risen sharply, and some manufacturers have closed their orders without reporting. Downstream demand is average, and procurement is mainly based on demand, with a general cautious and wait-and-see attitude. According to the monitoring and analysis system of Shengyi Society, as of September 5th, the benchmark price of Shengyi Society’s epichlorohydrin was 12100 yuan/ton, an increase of 4.31% compared to early September.

Price influencing factors:
Raw material side: This week, the prices of raw materials propylene and glycerol have both increased, supported by high cost side prices. In addition, a sudden event occurred in a leading enterprise on the supply side, resulting in some companies closing down, tight spot inventory, and a broad rise in epoxy chloropropane prices. According to the market analysis system of Shengyi Society, as of September 4th, the benchmark price of propylene in Shengyi Society was 6678.25 yuan/ton, an increase of 0.23% compared to the beginning of this month (6663.25 yuan/ton).
On the demand side: The downstream epoxy resin market has a strong wait-and-see attitude, with rigid procurement being the main focus. Faced with a sharp increase in raw materials, some manufacturers are cautious and have insufficient willingness to purchase high priced raw materials. Some downstream enterprises have tentatively raised prices, but there is insufficient follow-up on terminal demand, and the actual trading atmosphere is average. Overall, the demand side has limited support for the epoxy chloropropane market.
Market forecast: Analysts from Shengyi Society believe that the high prices of glycerol and propylene on the cost side support the market, and spot inventory is tight. In addition, unexpected events have led to a more positive sentiment among suppliers to push up prices. It is expected that the epoxy chloropropane market will continue to operate steadily and strongly in the near future, and more attention needs to be paid to changes in raw material prices and market supply and demand.