The epoxy chloropropane market first rose and then stabilized in August. In early August, multiple production enterprises underwent equipment maintenance, resulting in tight market supply. The decrease in supply has caused traders to push up market prices. In mid August, market trading volume weakened, and some companies offered discounts for sales. The market atmosphere gradually cooled down, and prices fell and stabilized. According to the market analysis system of Shengyi Society, as of August 30th, the benchmark price of Shengyi Society’s epichlorohydrin was 7987.50 yuan/ton, an increase of 0.16% compared to the beginning of this month (7975.00 yuan/ton).
Price influencing factors:
Raw material side: Recently, the price of propylene in the market has slightly increased, and the price of liquid chlorine has also slightly boosted. The supply volume has increased, but the increase in supply has limited its price rise. The price of raw material glycerol remains stable, and overall cost pressure still exists. The quotation for epichlorohydrin is firm. According to the market analysis system of Shengyi Society, as of August 30th, the benchmark price of propylene in Shengyi Society was 6968.25 yuan/ton, a decrease of -1.62% compared to the beginning of this month (7083.25 yuan/ton).
Downstream demand side: The consolidation and operation of the downstream epoxy resin market is the main focus, with a production capacity utilization rate of over 50%. There is sufficient inventory, and some factories are temporarily shutting down to adjust the load of their equipment under inventory pressure. Downstream terminal inquiries are not active, cautious procurement of raw materials, insufficient follow-up on new orders, and weak signing volume.
Market forecast: Business Society’s epoxy chloropropane analyst believes that there is still cost pressure on epoxy chloropropane, insufficient follow-up of downstream new orders, cautious procurement of raw materials, and the main demand for transactions. It is expected that in the short term, the epoxy chloropropane market will mainly operate weakly and steadily, and more attention still needs to be paid to changes in raw material prices.
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