According to the data of the business club’s block list, as of May 23, the average quoted price of epichlorohydrin enterprises was 13900 yuan / ton, up 0.72% compared with the price at the beginning of the week, down 13.12% compared with April 23, and up 26.36% compared with the same period last year.

Recent epichlorohydrin market shocks, finishing overall slightly up

In the first half of May, the market of epichlorohydrin rebounded after the weak operation, and the market shock was sorted out, showing a slight upward trend this week, with an increase of 0.72%. Recently, the price of propylene is weak, the price of glycerol is high, and the cost of glycerol process is under pressure. In addition, the manufacturer’s inventory is not under pressure, so the market is very high. However, the downstream inquiry atmosphere is general, and the operators are cautious, and just need to make investment.

Upstream propylene, as of May 20, Shandong propylene market price down another 100. According to the price chart of the business association, the propylene price in Shandong continued to rise in the first ten days of April, fell sharply in the last ten days, and remained stable at the end of the month. During the May Day period, the first two days continued to be stable. From the 3rd to the 7th, the daily price went up by about 50 yuan / ton. From the 9th, the price was mainly stable. After a small rise on the 13th, the price stabilized again. From the 17th, the daily price began to go down by 50 yuan / ton. From the 19th to the 20th, the daily price fell by about 100 yuan / ton. Now, the market transaction is between 8050 yuan / ton and 8300 yuan / ton, and the mainstream price is about 8050 yuan / ton.

As for the downstream epoxy resin, as of May 21, the liquid epoxy resin in East China was in weak operation. Recently, the price of raw material bisphenol a declined, and the cost support was insufficient. The downstream was mainly wait-and-see, and the market mainstream reference price was around 30500-31000 yuan / ton.

Business community epichlorohydrin analysts believe that, on the whole, the current cost side has some support, coupled with the temporary lack of inventory pressure on the spot, and the intention of low-end cargo holders is not strong, but the downstream needs to follow up, and the demand situation restricts market confidence. It is expected that in the short term, the epichlorohydrin market will be mainly volatile, and more attention should be paid to market information guidance.