Recently, the market price of epichlorohydrin has skyrocketed, 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 9th, the benchmark price of Shengyi Society’s epichlorohydrin was 12900 yuan/ton, an increase of 11.21% compared to early September.

Price influencing factors:
Raw material side: The prices of raw materials propylene and glycerol have fluctuated this week. The latest reference price for 99.5% glycerol in East China is 9250 yuan/ton, an increase of 200 yuan/ton from the previous week. The market price of propylene has slightly declined. Overall, the prices of raw materials are still at a high level, which is a positive support for the price of epichlorohydrin. According to the market analysis system of Shengyi Society, as of September 8th, the benchmark price of propylene in Shengyi Society was 6605.75 yuan/ton, a decrease of 0.86% compared to the beginning of this month (6663.25 yuan/ton).
Device situation:
The overall operating rate of the epichlorohydrin industry is 50-60%. Overall, the supply side of epichlorohydrin is tight, and it is expected that the market price will continue to rise in the near future.
Demand side: As the price of raw material epichlorohydrin rises in the downstream epoxy resin market, manufacturers are also experiencing price increases. However, most manufacturers are cautious and cautious, with weak demand for high priced raw material procurement. Due to insufficient follow-up of terminal demand, the actual order trading atmosphere is average, and 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 will support the market. In addition, unexpected events have led to a more positive sentiment among suppliers to push up prices, resulting in tight spot inventory in the market. Some manufacturers have closed their orders and are not reporting. It is expected that the market price of epichlorohydrin will continue to rise in the near future, and more attention still needs to be paid to changes in raw material prices and market supply and demand.