According to the Commodity Market Analysis System of the Business Society, as of August 24th, the average price quoted by epichlorohydrin enterprises was 8325.00 yuan/ton, a decrease of 1.48% compared to Monday’s price and 26.97% compared to the same period last year.
This week, the market for epichlorohydrin was weak. Recently, the price of raw material glycerol has been mainly stable, while the price of raw material propylene has decreased. Cost support is weak, and the utilization rate of supply side production capacity is relatively flat compared to the previous period. Downstream demand is weak, and inventory raw materials are mainly consumed. The enthusiasm for inquiry procurement is insufficient, and small orders are mainly needed to follow up. Holders are under pressure to ship, resulting in a decrease in enterprise quotations.
Upstream propylene, according to the Commodity Market Analysis System of Business Society, the reference price for propylene on August 23 was 6763.25, an increase of 0.74% compared to August 1 (6713.25).
Downstream epoxy resin, according to the Commodity Market Analysis System of Business Society, the reference price of epoxy resin on August 23 was 14666.67, an increase of 3.29% compared to August 1 (14200.00).
Analysts from Business Society’s epichlorohydrin believe that the current market is not supported by good news, and it is expected that the epichlorohydrin market may be weak in the short term. More attention still needs to be paid to market news guidance.
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