According to the Commodity Market Analysis System of the Business Society, as of October 19th, the average price quoted by epichlorohydrin enterprises was 8175.00 yuan/ton, a decrease of 2.39% compared to Monday’s price.
This week, the atmosphere in the epichlorohydrin market is weak, and corporate quotations are down. Recently, the price of raw material glycerol has been stable, the market for raw material propylene has risen, and cost support is limited. The supply side capacity utilization rate is around 50%. The main downstream epoxy resin market is weak, with consumption contracts and inventory being the main factors. Downstream buying is mainly to follow up on bargains, and there is a lack of mentality among operators, resulting in an increase in low-priced sources of goods.
Upstream propylene, according to the Commodity Market Analysis System of Business Society, on October 18th, the reference price for propylene was 7238.25, a decrease of 0.45% compared to October 1st (7270.75), providing general support for the epichlorohydrin market.
Downstream epoxy resin, according to the Commodity Market Analysis System of Business Society, the reference price of epoxy resin on October 18th was 14133.33, a decrease of 6.81% compared to October 1st (15166.67), which lacks support for the epichlorohydrin market.
Analysts from Business Society believe that there is temporary support for costs and supply, but the demand side performance is still average. It is expected that the market for epichlorohydrin may operate weakly in the short term, and more attention needs to be paid to changes in the supply side.
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