After the Spring Festival, the domestic epoxy propane market experienced a weak decline. According to the Commodity Market Analysis System of Shengyi Society, as of February 5th, the benchmark price of Shengyi Society’s epoxy propane was 8050.00 yuan/ton, a decrease of -0.62% compared to the beginning of this month (8100.00 yuan/ton).
Price influencing factors:
Supply side: The production of epichlorohydrin has increased, and some factories are facing inventory pressure, resulting in a slight decrease in prices.
Raw material end: The market for liquid chloropropene on the raw material end is temporarily stable. According to the market analysis system of Shengyi Society, as of February 4th, the benchmark price of propylene in Shengyi Society was 6798.25 yuan/ton, a decrease of -0.37% compared to the beginning of this month (6823.25 yuan/ton).
Downstream demand side: After the holiday, downstream urgent replenishment is the main focus, with limited new orders and sluggish actual market transactions. It is expected that there will be no significant improvement in the demand for epichlorohydrin in the near future.
Market forecast:
Business Society’s epoxy propane analyst believes that with the restart and recovery of enterprise equipment, epoxy propane production has increased, and some factories are under pressure from inventory. Downstream demand side procurement is cautious and lacks follow-up, and there is a strong wait-and-see mentality. It is expected that the epoxy propane market will mainly consolidate weakly, and more attention should be paid to market news guidance.
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