In early April, the supply of epichlorohydrin in the market was tight, and prices showed an upward trend. In mid April, the epoxy chloropropane plant resumed operation, with increased market supply and good downstream procurement demand. Under the favorable supply and demand situation, the price of epoxy chloropropane was raised. According to the monitoring and analysis system of Shengyi Society, as of April 30th, the benchmark price of Shengyi Society’s epichlorohydrin was 9000 yuan/ton, an increase of 1.12% compared to early April. At the end of April, the market price of epichlorohydrin showed a downward trend, downstream demand was weak, and enterprises mainly purchased on demand. The epichlorohydrin market remained stable. It is expected that the epoxy chloropropane market will maintain stable operation in the near future.

Price influencing factors:
Raw material side: In mid April, the market price of glycerol raw material increased, the low-priced supply decreased, and the supply was tight, which provided strong support for glycerol based epichlorohydrin enterprises and led to an increase in prices. In early April, some of the propylene raw material enterprises underwent equipment maintenance, resulting in tight market supply and price increases. In late April, the demand for raw material propylene decreased in actual orders, the trading focus weakened, and market prices showed signs of fluctuating decline. Overall, the raw material support for epichlorohydrin has shifted from strong to weak, and it is expected that the epichlorohydrin market will remain stable and consolidate in the near future. According to the market analysis system of Shengyi Society, as of April 30th, the benchmark price of propylene in Shengyi Society was 6610.75 yuan/ton, a decrease of -200% compared to the beginning of this month (6745.75 yuan/ton).
Supply side: Last week, overall, the operating rate remained at around 50-60%, and the supply side was slightly loose.
Downstream demand side: In early April, the downstream epoxy resin market supply remained normal, with a capacity utilization rate of over 50%. The overall trading atmosphere has improved, the purchasing atmosphere is positive, and the market is dominated by behavior. In late April, the supply of epoxy resin market was sufficient, and the downward trend of dual raw materials provided weak support for its cost. In addition, the pre holiday stocking ended, overall inquiries decreased, and the trading atmosphere was cold, resulting in a downward trend in the market. Overall, the downstream demand side’s support for epichlorohydrin has shifted from strong to weak, and it is expected that the epichlorohydrin market will remain stable and stable in the near future. More attention should be paid to the market supply and demand relationship.
Market forecast: Business Society’s epoxy chloropropane analyst believes that the pre holiday stocking has ended, the market supply and demand support is insufficient, downstream demand is weak, and on-demand procurement is required. It is expected that the epoxy chloropropane market will maintain stable operation in the near future, and more attention still needs to be paid to market supply and demand changes and raw material market dynamics.