According to the Commodity Market Analysis System of the Business Society, as of September 14th, the average quoted price of epichlorohydrin enterprises was 8350.00 yuan/ton, an increase of 0.30% compared to Monday’s price and a decrease of 26.32% compared to the same period last year.
| PVA |
This week, the market for epichlorohydrin remained stable and saw some growth. Recently, the price of raw material glycerol has been stable, while the price of raw material propylene has risen, with significant cost support. In addition, some enterprises have no inventory pressure, and their mentality to lower prices is not strong. The news of expected increase in supply has had an impact. Downstream follow-up enthusiasm is average, with cautious wait-and-see as the main focus. The high-end transaction atmosphere in the market has remained stagnant. On the 14th, the mainstream negotiations in the Shandong epichlorohydrin market were around 8300-8500 yuan/ton.
Upstream propylene, according to the Commodity Market Analysis System of Business Society, the reference price for propylene on September 13th was 7265.75, an increase of 2.14% compared to September 1st (7113.25).
Downstream epoxy resin, according to the Commodity Market Analysis System of the Business Society, the reference price for epoxy resin on September 13th was 14933.33, an increase of 3.23% compared to September 1st (14466.67).
Analysts from Business Society’s epichlorohydrin believe that the current cost support is strong, coupled with downstream pre holiday stocking expectations, which have some support for the market. However, the news of some device plans restarting has affected downstream procurement enthusiasm, and the mentality of operators is under pressure. It is expected that the epichlorohydrin market may remain stagnant and operate on a wait-and-see basis in the short term, and more attention still needs to be paid to changes in the market supply and demand side.
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