The terminal demand is weak, and the epoxy chloropropane market is experiencing a narrow decline. According to the monitoring and analysis system of Shengyi Society, as of March 7th, the benchmark price of Shengyi Society’s epichlorohydrin was 9275 yuan/ton, a decrease of -1.07% compared to the beginning of this month.

Price influencing factors:

Raw material side: Recently, the market prices of propylene and glycerol have slightly increased, and cost pressure still exists, but the boost to the price of epichlorohydrin is limited. According to the market analysis system of Shengyi Society, as of March 6th, the benchmark price of propylene in Shengyi Society was 6835.75 yuan/ton, an increase of 0.33% compared to the beginning of this month (6813.25 yuan/ton).

Supply side: The supply volume is steadily increasing, and market transactions are normal. Some devices are in a parked state.

Downstream demand side: Downstream terminal demand is weak. The main downstream epoxy resin shipments are not smooth, with limited actual transactions and low intention to buy epoxy chloropropane. Small orders are waiting to be followed up, and new market transactions are flat, putting pressure on the epoxy chloropropane market.

Market forecast: Analysts from Shengyi Society believe that the cost side still has support, and some units are in a state of shutdown. However, short-term low demand may still dominate the market. It is expected that the market for epichlorohydrin will operate weakly in the short term, and more attention still needs to be paid to market news guidance.