I. The price trend of epichlorohydrin:
Epichlorohydrin market prices have risen this week, according to business associations’big list data. As of September 20, the average price of epichlorohydrin was 14333.33 yuan/ton, up 10.26% from the beginning of the week and 14.97% from August 20.
II. Market analysis:
Products: Epichlorohydrin market prices rose this week. At the beginning of the week, the mainstream price of epichlorohydrin was around 13000-14000 yuan/ton. The manufacturer had no pressure on delivery. The mentality of bidding was obvious. It was difficult to find low-price sources. The downstream purchase was operated cautiously and the follow-up of delivery was slow. In the middle of the week, the mainstream quotation of epichlorohydrin rose to about 14500 yuan/ton, the high offer of the holder, the rising mood remained unchanged, the downstream follow-up raw materials, and epichlorohydrin just needed to be purchased. On Friday, the mainstream quotation of epichlorohydrin rose to about 1450-15000 yuan/ton, and there was a strong atmosphere of wait-and-see.
Industry chain: This week, the market price of propylene in Shandong upstream rose sharply and then slowly fell, with a weekly increase of 0.69%. The prices of propylene enterprises in Shandong rose by about 300/ton on the 16th and 17th, and remained flat on the 18th. The prices of propylene enterprises slightly declined on the 19th and 20th. At present, the market turnover is around 7850-8150 yuan/ton, and the mainstream price is 7850 yuan/ton. Up to the 20th, the downstream epoxy resin, supported by the cost side, the focus of discussion is high and firm.
Industry: According to the price monitoring of business associations, in the 37 th week of 2019 (9.16-9.20), there were 41 kinds of commodities rising annually in the chemical sector, 11 of which increased by more than 5%, accounting for 13.1% of the monitored commodities in the sector; the first three commodities were hydrochloric acid (157.14%), caustic soda (18.47%) and acetone (13.86%). There are 17 kinds of commodities with a decline of more than 5%, accounting for 1.2% of the monitored commodities in this sector. The products with the first three declines are dichloromethane (-5.19%), trichloromethane (-4.17%) and sulfuric acid (-2.98%). This week’s average rise and fall was 3.64%.
3. Future market forecast:
Analysts of business association epichlorohydrin think that the upstream propylene market is slightly rising, which has little impact on epichlorohydrin. With the end of partial replenishment stocks in downstream factories and the return to on-demand purchasing, the market quotation of epichlorohydrin has risen, but the high-end transaction is also slightly difficult. There is a strong wait-and-see atmosphere in the field. The space for further increase of epichlorohydrin in the later period is restricted by the weak downstream buying atmosphere. However, it does not rule out the possibility that factories will continue to rally. It is expected that the epichlorohydrin market will remain rigid in the short term.