1、 Price trend of epichlorohydrin
(Figure: p-value curve of epichlorohydrin product)
2、 Market analysis
According to the data of the business club’s block list, as of February 23, the average quotation price of epichlorohydrin enterprises was 11200 yuan / ton, up 1.20% compared with the previous trading day, up 2.75% compared with February 18, and down 6.15% compared with January 23. After the festival, epichlorohydrin market rose slightly. Recently, the raw material propylene continued to rise, the downstream epoxy resin continued to push up, the industry chain market was strong, boosting market confidence, the low price supply was reduced, the market supply was sufficient, the inquiry atmosphere in the downstream was slightly improved, and the demand was still dominated.
Upstream propylene, February 23, Shandong propylene market prices continue to rise. According to the price chart of the business club, the price of propylene declined all the way at the end of January, rose slightly at the end of the month, and then began to stabilize. On the 8th, the price of enterprises generally dropped by 50 yuan / ton, and then entered the Spring Festival holiday. Most of the first half of the period remained stable, while the second half (from February 15) showed a steady upward trend. The 18th was the first day of official work, and the price rose by 200 yuan / ton every day from the 21st, and even rose by 4 yuan on the 22nd After the Spring Festival, a total of more than 1000 yuan / ton has been raised. Now the market transaction has reached 8500 ~ 8550 yuan / ton, and the mainstream price is about 8500 yuan / ton.
Downstream epoxy resin, epoxy resin continued to rise on February 23. At present, the raw material bisphenol A is rising strongly, the cost support is strong, the mentality of manufacturers is good, it is difficult to find low-cost goods in the market, and the downstream just needs replenishment, so we should be more cautious and wait-and-see.
3、 Future forecast
Business community epichlorohydrin analysts believe that the recent strong performance of the upstream and downstream market, good market mentality, the current supply side is relatively sufficient, but the demand side is still slow to improve, downstream just need replenishment, it is expected that in the short term, epichlorohydrin market or narrow adjustment, more need to pay attention to market information guidance.