The price of epichlorohydrin has increased this week. At present, there is a shortage of spot goods in the market, and supply remains tight. After the price increase, low-priced spot goods are difficult to find, and there has been a decrease in trading orders in the market, with a focus on purchasing small orders for essential needs. According to the monitoring system of Shengyi Society, as of December 6th, the benchmark price of Shengyi Society’s epichlorohydrin was 9050.00 yuan/ton, an increase of 0.28% compared to the beginning of this month (9025.00 yuan/ton).

Price influencing factors: The prices of propylene and liquid chlorine at the raw material end are still supported. According to the market analysis system of Shengyi Society, as of December 6th, the benchmark price of propylene in Shengyi Society was 6870.75 yuan/ton, an increase of 0.37% compared to the beginning of this month (6845.75 yuan/ton).

Downstream demand side: The downstream epoxy resin demand is mainly based on small orders, and the raw material side continues to rise. The cost of epoxy resin is supported, and suppliers are cautious in purchasing, resulting in low enthusiasm for inquiries.

Market forecast: Business Society’s epoxy chloropropane analyst believes that the cost side price support is still acceptable, with downstream rigid demand procurement as the main focus, insufficient follow-up of new orders, cautious procurement of raw materials, and tight market supply. It is expected that the epoxy chloropropane market may have a slight rise in the short term, and more attention still needs to be paid to market price changes.