According to the Commodity Market Analysis System of the Business Society, as of August 15th, the average price quoted by epichlorohydrin enterprises was 8275.00 yuan/ton, an increase of 1.22% compared to last Friday (August 11th).

Recently, the epichlorohydrin market has seen a slight increase. Recently, the price of raw material propylene has fluctuated and increased, with stable prices of raw material glycerol as the main factor. Cost support has been strengthened, and the supply side industry’s capacity utilization rate is below 50%. The overall supply in the market is relatively low, supporting the rise of enterprise quotations. Downstream inquiries and procurement orders are mainly in need of follow-up, and the market has a strong wait-and-see mentality.

Upstream propylene, according to the Commodity Market Analysis System of Business Society, the reference price for propylene on August 14th was 6788.25, an increase of 1.12% compared to August 1st (6713.25).

Downstream epoxy resin, on August 14th, the reference price for epoxy resin was 14566.67, an increase of 2.58% compared to August 1st (14200.00).

Analysts from Business Society’s epichlorohydrin believe that there is still cost support and there is currently no pressure on manufacturers’ inventory. However, downstream follow-up is average, and it is expected that the epichlorohydrin market may operate at a high level in the short term. More attention still needs to be paid to market news guidance.