On October 31st, the market price of epichlorohydrin remained stable temporarily. According to the monitoring and analysis system of Shengyi Society, as of October 31st, the benchmark price of Shengyi Society’s epichlorohydrin was 11900.00 yuan/ton, a decrease of -2.46% compared to the beginning of this month.

Price influencing factors:
Raw material side: The high price of raw material glycerol provides rigid support for the market price of epichlorohydrin. The price of raw material propylene has fluctuated downward, with weak cost support. Overall, the raw material side has limited cost support for epichlorohydrin, and the market price of epichlorohydrin is currently stable. According to the market analysis system of Shengyi Society, as of October 31st, the benchmark price of propylene in Shengyi Society was 6095.75 yuan/ton, a decrease of 6.84% compared to the beginning of this month (6543.25 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 weak and stable in the later stage.
Market forecast: Business Society’s epoxy chloropropane analyst believes that the cost side has limited support for epoxy chloropropane. Downstream demand is weak, with urgent purchases and a cold trading atmosphere. It is expected that the market price of epichlorohydrin will remain weak and stable in the later stage, and more attention still needs to be paid to changes in raw material prices and market supply and demand.