At the beginning of April, the supply of epichlorohydrin in the market was reduced, and prices were tentatively pushed up. According to the monitoring and analysis system of Shengyi Society, as of April 1st, the benchmark price of Shengyi Society’s epichlorohydrin was 8900 yuan/ton, an increase of 0.56% compared to the end of March (8850 yuan/ton).
Price influencing factors:

Raw material side: The market price of raw material propylene glycerol is mainly consolidating, with little impact on epichlorohydrin. According to the market analysis system of Shengyi Society, as of March 31st, the benchmark price of propylene in Shengyi Society was 6735.75 yuan/ton, a decrease of -1.14% compared to the beginning of this month (6813.25 yuan/ton).
Supply side: The expected supply of epichlorohydrin in the April market is expected to decrease. Expected production may decrease to below 100000 tons.
Downstream demand side: The downstream epoxy resin market supply remains normal, with a capacity utilization rate of over 50%. But the terminal demand is weak, trading is not smooth, and the main focus is on purchasing for essential needs. At present, the mainstream price of liquid epoxy resin in East China is around 13050-13850 yuan/ton.
Market forecast: Analysts from Shengyi Society believe that although some production enterprises’ equipment shutdowns and maintenance have led to a reduction in supply, downstream market demand is weak, traders’ purchasing mentality is not positive, and market trading is not smooth. It is predicted that the epoxy chloropropane market may experience a narrow upward trend in the later stage, and more attention still needs to be paid to changes in market supply and demand.