1、 Price trend of epichlorohydrin:

(Figure: P value curve of epichlorohydrin product)

2、 Market analysis:

Product: according to the data of the business club’s large scale list, the market price of epichlorohydrin has risen and fallen as of April 20, with a strong wait-and-see atmosphere. At present, the prices of traders vary. On the 20th, the mainstream prices of epichlorohydrin market were 9200-10300 yuan / ton, up 8.49% compared with April 1 and down 18.33% compared with the same period last year. At present, under the influence of the overall market environment, downstream end enterprises are more afraid of falling and risk averse, and the operators are cautious in participating in, mainly consuming inventory raw materials. The new single high-end negotiation in the epichlorohydrin market is a little weak, and the majority of stable offers are made.

On April 20, the epichlorohydrin commodity index was 69.21, up 0.24 points from yesterday, down 48.24% from 133.71 (2019-10-29), the highest point in the cycle, and up 47.73% from 46.85, the lowest point on September 7, 2016. (Note: cycle refers to 2011-09-01 to now)

Industrial chain: on April 20, the market price of the upstream propylene in Shandong picked up slightly. Last month, the price of propylene in Shandong Province fell in shock. At the end of the month, it fell sharply again, with a monthly decline of more than 15%. On the first day, the price continued to decline by 100-200 yuan / ton, and on the second day, it still declined by 50 yuan / ton. On the third day, the price of some enterprises slightly increased by 50-100 yuan / ton. After the Qing Dynasty, the price of propylene increased steadily. On the seventh day, the price began to rise by 100 yuan / ton, and on the tenth day, it rose by 200-300 yuan / ton, while on the 11th day of Saturday, it rose by more than 1000 yuan / ton. On the 12th day of Sunday, it continued to soar by 1000-5000 yuan / ton, Monday After the sharp rise on weekends, the market may need to digest, the price remained unchanged on the 13th. On the 14th, most of the enterprises’ prices dropped by 1000 yuan / ton, and some of them recovered to the price before the sharp rise. On the 15th, the price dropped by 500-1000 yuan / ton. On the 16th, the price continued to drop by 200 yuan / ton. On the 17th, the price still fell by 400 yuan / ton. On the 18th, Saturday, the price fell again. On the 19th, Sunday, the price remained stable Mainly, today’s price slightly increased by about 50 yuan / ton. Now, the market turnover is between 5850-6100 yuan / ton, and the mainstream price is between 5850-6000 yuan / ton. On the 20th, the cost of downstream epoxy resin weakened, and the downstream mostly purchased on demand, mainly consumed inventory raw materials, and discussed the space of saving and transferring profits through single negotiation.

Industry: according to the price monitoring of the business agency, there are 9 kinds of commodities in the list of rise and fall of bulk commodity prices on April 20, 2020, among which the top three commodities are n-propanol (3.97%), yellow phosphorus (2.82%) and sulfuric acid (2.63%). There are 23 kinds of commodities falling on a month on month basis, with 2 kinds of commodities falling by more than 5%, accounting for 2.2% of the number of commodities monitored in the sector; the top 3 products falling are propane (- 7.64%), ethylene (- 6.42%) and dichloromethane (- 4.52%). The average price of this day was – 0.36%.

3、 Future forecast:

According to epichlorohydrin analysts of business club, it is expected that epichlorohydrin market will wait for consolidation operation in the short term, and more attention should be paid to upstream and downstream information guidance.