This week, the market price of epichlorohydrin showed a broad downward trend. According to the monitoring and analysis system of Shengyi Society, as of September 19th, the benchmark price of Shengyi Society’s epichlorohydrin was 12200 yuan/ton, a decrease of -6.15% from the beginning of this week (September 15th).
Price influencing factors:

Raw material side: This week, the market prices of raw materials propylene and glycerol have both shown an upward trend. The profit margin of epoxy chloropropane with different processes is constantly increasing. Among them, the glycerol method turned losses into profits, leading to an increase in the production enthusiasm of enterprises and a gradual increase in market supply. Overall, there is still support for the epoxy chloropropane market on the cost side. According to the market analysis system of Shengyi Society, as of September 19th, the benchmark price of propylene in Shengyi Society was 6730.75 yuan/ton, an increase of 1.01% compared to the beginning of this month (6663.25 yuan/ton).
Device situation:
After the price of epichlorohydrin soared to a high level, the glycerol based epichlorohydrin turned losses into profits, and multiple enterprises restarted their facilities one after another. The industry’s capacity utilization rate increased to around 50%, easing the tight supply situation. The increase in supply of epichlorohydrin has increased market competitiveness, leading to a wide decline in epichlorohydrin prices.
On the demand side: Downstream epoxy resin manufacturers have weak demand for high priced raw material procurement and are purchasing on demand. Many businesses are adopting a cautious and wait-and-see attitude, and their enthusiasm for inquiries has weakened, resulting in the epoxy chloropropane market entering a high level and falling back, with prices showing a broad downward trend.
Market forecast: Analysts from Shengyi Society believe that the high prices of glycerol and propylene on the cost side support the market, coupled with sufficient supply and weakened downstream inquiry enthusiasm. They are not proactive in purchasing high priced raw materials, and it is expected that the focus of the epoxy chloropropane market will mainly decline in the later stage. More attention still needs to be paid to changes in raw material prices and market supply and demand.