This week, the epoxy chloropropane market maintained stable operation. According to the monitoring and analysis system of Shengyi Society, as of March 26th, the benchmark price of Shengyi Society’s epichlorohydrin was 8850 yuan/ton, a decrease of -5.6% compared to the beginning of this month.

Price influencing factors:

Raw material side: The propylene market is showing a downward trend due to changes in supply and demand. According to the market analysis system of Shengyi Society, as of March 25th, the benchmark price of propylene in Shengyi Society was 6795.75 yuan/ton, a decrease of -0.26% compared to the beginning of this month (6813.25 yuan/ton). The glycerol market has experienced a narrow correction in price due to external and domestic demand, with a price drop of 1.94% compared to the end of last month.

Downstream demand side: The downstream epoxy resin industry has weak demand, and the overall market is mainly declining. The domestic epoxy resin market has a production capacity utilization rate of over 50%, and the supply remains normal. The decline in raw material prices, weak terminal demand, and the impact of individual plant shutdowns and production cuts have significantly suppressed the mentality of traders. The lack of active procurement has created negative constraints on the epoxy chloropropane market.

Market forecast: Business Society’s epoxy chloropropane analyst believes that the raw material side is declining and the cost support is insufficient. Part of the production enterprises on the supply side have shut down for maintenance, and coupled with weak downstream demand, traders’ purchasing mentality is not positive. It is predicted that the epoxy chloropropane market will continue to show a weak trend in the later stage, and more attention still needs to be paid to changes in market supply and demand.