According to the commodity market analysis system of the business community, as of June 25, the average price quoted by Epichlorohydrin enterprises was 7800.00 yuan/ton, down 900 yuan/ton, or 10.34%, compared with 8700 yuan/ton at the beginning of the month.
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It can be seen from the price trend chart of Epichlorohydrin of the business community that the market situation of Epichlorohydrin was weak in June, and the price fell to the lowest level in the year.
Epichlorohydrin fundamentals
Supply side: In June, some glycerol Epichlorohydrin units were shut down, and the market supply decreased, but the market supply and demand were unbalanced, which generally supported the Epichlorohydrin market.
Demand side: In June, the demand side dominated the market, and the main downstream epoxy resin was in weak operation, mainly consuming contract volume and inventory. The enthusiasm for market inquiry was not high, and small orders were just needed to follow up. The market transaction continued to be under pressure, and the carrier delivered goods at the margin. Under the drag of demand, the focus of Epichlorohydrin market negotiation continued to decline.
Cost side: raw propylene. According to the commodity market analysis system of the business community, the reference price of propylene was 6255.75 on June 23, down 3.17% from June 1 (6460.75). The cost of propylene method has little impact on the market of Epichlorohydrin. The raw material glycerol, with a price of 99.5% glycerol in the East China market on June 21st, is around 4300 yuan/ton, which puts significant cost pressure on the glycerol method.
Future Market Forecast
Analysts of Epichlorohydrin from the Business Agency believe that there are many advantages: at present, the price of raw propylene is strong, the cost support of propylene process is rising, and the cost pressure of glycerol process is still large. With the price of Epichlorohydrin falling to a low level, the market’s low mentality is weakened. Negative side: After the holiday, downstream procurement mentality remains cautious, market transactions are limited, and there is a strong wait-and-see atmosphere. To sum up, under the market long short game, it is expected that the epichlorohydrin market will be deadlocked in the short term, and more attention should be paid to the market news guidance.
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