The market for epichlorohydrin remained stable this week. As of August 22nd, the benchmark price of epichlorohydrin in Shengyi Society was 7987.50 yuan/ton, an increase of 0.16% compared to the beginning of this month (7975.00 yuan/ton).
Price influencing factors:
On the raw material side: Recently, the price of propylene in the market has risen, and the price of liquid chlorine has been weakly stable. In addition, some liquid chlorine enterprises have undergone equipment maintenance due to malfunctions, resulting in a decrease in liquid chlorine exports. The cost of epichlorohydrin has been under pressure, and prices have remained firm in multiple aspects. Raw material glycerol is steadily rising, but overall there is still cost pressure. According to the market analysis system of Shengyi Society, as of August 22, the benchmark price of propylene in Shengyi Society was 6890.75 yuan/ton, a decrease of -2.72% compared to the beginning of this month (7083.25 yuan/ton).
Equipment situation: The operating rate of the epichlorohydrin industry was 50-60% within the week.
Downstream demand side: The consolidation and operation of the downstream epoxy resin market is the main focus, with a production capacity utilization rate of over 50%. There is sufficient inventory, and some factories are temporarily shutting down to adjust the load of their equipment under inventory pressure. Downstream terminal inquiries are not active, cautious procurement of raw materials, insufficient follow-up on new orders, and weak signing volume.
Market forecast: Analysts from Shengyi Society believe that there is still cost pressure, insufficient follow-up of downstream new orders, cautious procurement of raw materials, and the main demand for transactions. It is expected that the epoxy chloropropane market will operate weakly and steadily in the short term, and more attention should be paid to changes in raw material prices.
| http://www.thiourea.net |