This week, the market for epichlorohydrin has remained stable with minor fluctuations. According to the Commodity Market Analysis System of the Business Society, as of November 17th, the average price quoted by epichlorohydrin enterprises was 8025.00 yuan/ton, a decrease of 0.31% compared to Monday’s price.

Price influencing factors:

Cost side: According to the analysis system of the commodity market of the Business Society, the recent domestic propylene (Shandong) market has experienced narrow fluctuations, with stable prices of raw materials such as glycerol. The cost side is generally supported by the epichlorohydrin market.

Supply and demand side: The utilization rate of production capacity on the supply side has decreased, and the tight spot supply situation has continued to provide some support to the market. Downstream wait-and-see for bargains is still necessary to follow up, but the demand side is still weak. The main downstream epoxy resin has been affected by the weak supply and demand since November, and the market continues to decline. There is insufficient support for the epichlorohydrin market. According to the commodity market analysis system of the Business Society, on November 16, the reference price of epoxy resin was 13433.33, Compared to November 1st (13933.33), it decreased by 3.59%.

Analysts from Business Society’s epichlorohydrin believe that in the short term, some devices may restart or meet expectations, but market supply support still exists and demand may still be weak. It is expected that the epichlorohydrin market may remain stagnant and operate on a wait-and-see basis in the short term, and more attention still needs to be paid to changes in raw material prices.