The epoxy chloropropane market fell first and then stabilized in November. According to the monitoring and analysis system of Shengyi Society, as of November 28th, the benchmark price of Shengyi Society’s epichlorohydrin was 11200.00 yuan/ton, a decrease of -5.88% compared to the beginning of this month.

Factors influencing the grid:
Raw material side: The price of raw material glycerol has fallen due to external factors, which has weakened the support for the market price of epichlorohydrin. The price of raw material propylene has slightly increased this month, but it has fallen again towards the end of the month. Overall, the cost side has fluctuated, and there is insufficient support for epichlorohydrin. Traders are pessimistic, signing new contracts for new orders, and have a strong willingness to sell at low prices, resulting in a weakened overall market operation. According to the market analysis system of Shengyi Society, as of November 28th, the benchmark price of propylene in Shengyi Society was 6193.25 yuan/ton, an increase of 2.23% compared to the beginning of this month (6058.25 yuan/ton).
Demand side: The downstream epoxy resin market has weak demand, and the trading atmosphere for actual orders is cold. Traders tend to adopt a wait-and-see attitude and purchase cautiously, which further exacerbates the market downturn. Downstream terminal consumption of epichlorohydrin is not strong and lacks strong support. It is expected that the market price of epichlorohydrin will remain stable in the later stage.
Market forecast: Business Society’s epoxy chloropropane analyst believes that cost support for epoxy chloropropane will weaken. Downstream demand is weak, with urgent purchases and a cold trading atmosphere. It is expected that the market price of epichlorohydrin will remain stable in the later stage, and more attention still needs to be paid to changes in raw material prices and market supply and demand.