After the Qingming Festival in April, the market price of epichlorohydrin remained stable. According to the monitoring and analysis system of Shengyi Society, as of April 8th, the benchmark price of Shengyi Society’s epichlorohydrin was 9033.33 yuan/ton, an increase of 1.5% compared to early April.
Price influencing factors:
Raw material side: The market for raw material propylene glycerol is mainly fluctuating and consolidating. According to the market analysis system of Shengyi Society, as of April 7th, the benchmark price of propylene in Shengyi Society was 6823.25 yuan/ton, an increase of 1.15% compared to the beginning of this month (6745.75 yuan/ton).
Supply side: Glycerol based epichlorohydrin enterprises are experiencing losses, reduced production enthusiasm, and tight market supply.
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. Overall, the demand for epichlorohydrin has weakened, with weak upward momentum and mainly stable operation.
Market forecast: Analysts from Shengyi Society believe that 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 will experience weak growth in the later stage or continue to operate steadily, and more attention still needs to be paid to changes in market supply and demand.
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