The market price of epichlorohydrin has slightly increased this week. As of January 15th, the benchmark price of epichlorohydrin in Shengyi Society was 8975.00 yuan/ton, a decrease of -0.41% compared to the beginning of this month.

Price influencing factors:

On the raw material side, the prices of propylene and liquid chlorine have fluctuated this week, supported by high glycerol prices. Overall, there is still pressure on the cost side. According to the market analysis system of Shengyi Society, as of January 14th, the benchmark price of propylene in Shengyi Society was 7118.25 yuan/ton, an increase of 4.13% compared to the beginning of this month (6835.75 yuan/ton).

Supply side: The overall operating rate of the epichlorohydrin industry this week is about 50%.

Downstream demand side: Narrow adjustment in downstream epoxy resin market. As the Spring Festival approaches, market demand has decreased and prices have remained relatively stable. The atmosphere of new order transactions is cold.

Market forecast: Analysts from Shengyi Society believe that as the Spring Festival approaches, downstream demand will decrease, but cost support still exists. In addition, some supply side enterprises have a low operating rate of about 50% overall, and low-priced goods in the market are gradually decreasing. Traders’ quotes are firm, and it is expected that the market price of epichlorohydrin will remain stable next week. More attention still needs to be paid to changes in market supply and demand.