Epichlorohydrin continues to rise, stable in the short term but slightly strong

In December, various favorable factors supported the continued rise of epichlorohydrin. According to the monitoring system of Shengyi Society, as of December 20th, the benchmark price of Shengyi Society’s epichlorohydrin was 9225.00 yuan/ton, an increase of 2.22% compared to the beginning of this month (9025.00 yuan/ton).

 

Price influencing factors: The price of liquid chloropropene on the raw material side varies. At present, the factory price of mainstream liquid chlorine tank trucks in Shandong Province is 150-200 yuan/ton. The price of raw material glycerol has risen sharply. According to the market analysis system of Shengyi Society, as of December 19th, the benchmark price of propylene in Shengyi Society was 6895.75 yuan/ton, an increase of 0.73% compared to the beginning of this month (6845.75 yuan/ton).

 

Supply side: The atmosphere of epoxy chloropropane in the domestic market continues to rise. Affected by factors such as rising raw material prices, the production enthusiasm of epichlorohydrin enterprises has increased, and the current operating rate has risen to 55%. Some leading enterprises are operating at full capacity. As of the 19th, the price of epichlorohydrin in Shandong region is 9400-9600 yuan/ton, with a weekly increase of over 500 yuan/ton.

 

Downstream demand side: Downstream epoxy resin is affected by raw materials, leading to an increase in market orders and high prices. Manufacturers’ stocking expectations have also increased. At present, factories are queuing up to pick up goods, and the market is in short supply. The quotation for solid epoxy resin in East China is 13200-13400 yuan/ton, with a daily increase of 100 yuan/ton. There is an expected increase in demand for epichlorohydrin in the short term.

 

Market forecast: Analysts from Shengyi Society believe that due to factors such as rising raw material prices, the enthusiasm of epoxy chloropropane production enterprises to start production has increased, downstream market orders have increased, and there is an expectation of rising raw material demand. It is expected that the epoxy chloropropane market may have a slight increase in the short term, and more attention still needs to be paid to changes in market prices.

http://www.lubonchem.com/

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