In the first half of 2023, the market of Epichlorohydrin will decline. According to the commodity market analysis system of the business community, the average price of Epichlorohydrin enterprises will be 9100.00 yuan/ton on January 1, 2023, and the average price of Epichlorohydrin enterprises will be 7575.00 yuan/ton as of June 30. The market will fall by 16.76% in half a year.
The first quarter of 2023: In January, the spot supply in the Jiangsu and Shandong markets was tight, and companies had a high price mentality. Before and after the Spring Festival, the market remained sluggish and stable, and the prices of companies remained stable. In February, there was significant cost support, but downstream demand was weak. Only small orders were needed for procurement, and factory shipments were under pressure. Accumulated inventory increased, and the supply and demand side dragged down the market. In March, the cost support remained. Some Epichlorohydrin units were shut down or operated at reduced load, but the demand support was weak. The downstream mainly consumed inventory raw materials, the market mentality was under pressure, and the focus of Epichlorohydrin negotiations was weak.
The second quarter of 2023: In the first ten days of April, some devices are in a shutdown state, the market spot supply is tight, and the downstream market inquiries increase, supporting the rise of Epichlorohydrin market. In the middle and late ten days, as some devices are restarted in succession, the market supply increases, the demand side dominates the market trend, and the Epichlorohydrin market fluctuates upward. In May, the production capacity utilization rate at the supply end remained low, but the demand follow-up was limited. Downstream, there was a high consumption of inventory raw materials, and there was mainly a demand for moderate replenishment on dips. The market trading atmosphere was light, and the market was weak. In June, the demand side dominated the market, the main downstream epoxy resin was weak, the consumption of contract volume and inventory was dominant, and the enthusiasm for market inquiry was not high. Just when small orders were needed to follow up, the market transaction continued to be under pressure, and the carrier delivered at the margin. Under the drag of demand, the focus of Epichlorohydrin market negotiation continued to decline.
Upstream and downstream: upstream propylene. According to the commodity market analysis system of the business community, as of June 30, the average spot price of domestic propylene was 6518.25 yuan/ton, down 10.03% from 7244.60 yuan/ton at the beginning of the year, and the cost was weak in the face of Epichlorohydrin market support. The downstream epoxy resin, according to the commodity market analysis system of the business community, the reference price of the epoxy resin was 12533.33 on June 30, a decrease of 20.84% compared with January 1 (15833.33), which was insufficient to support the Epichlorohydrin market.
After the weak consolidation of the market in July, the factory production and marketing have no pressure to support the market’s price mentality. At present, the cost side has some support, but the demand side performance is average. It is expected that the epoxychloropropane market will be consolidated in the short term, and more attention should be paid to the market news guidance.
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