The market price of epichlorohydrin continues to rise this month. The market in Shandong has increased by over 500 yuan/ton, with prices reaching around 9000 yuan/ton. The main reason is the limited availability of spot goods in the market and tight supply. 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 November 27th, the benchmark price of Shengyi Society’s epichlorohydrin was 9062.5 yuan/ton, an increase of 5.07% compared to the beginning of this month (8625 yuan/ton).

Price influencing factors: The price of liquid chloropropene on the raw material side fluctuates. According to the market analysis system of Shengyi Society, as of November 27th, the benchmark price of propylene in Shengyi Society was 6825.75 yuan/ton, an increase of 0.59% compared to the beginning of this month (6785.75 yuan/ton).

Equipment situation: In early October, the 130000 tons/year propylene method epoxy chloropropane unit of the leading enterprise of epoxy chloropropane was shut down for maintenance. Other manufacturers’ devices are expected to restart by the end of November and further follow-up is needed.

Downstream demand side: With the cold weather in December and the downstream entering the off-season, the demand for epichlorohydrin gradually decreases, and the purchasing sentiment is not positive. The main focus is on purchasing small orders for essential needs.

Market forecast: Analysts from Shengyi Society believe that the prices of raw materials on the cost side have fluctuated, downstream demand sentiment is low, and there is a focus on first-time purchases. There is a lack of follow-up on new orders, so raw material purchases should be cautious. With the restart of equipment by major manufacturers, the tight supply situation in the market may be alleviated to some extent. Overall, there may be an increase in the situation of oversupply next month, and the market price of epichlorohydrin may experience a slight decline. More attention still needs to be paid to changes in market prices.