According to the Commodity Market Analysis System of the Business Society, as of May 22, the average price quoted by epichlorohydrin enterprises was 8900.00 yuan/ton, which is the same as last Wednesday (May 17).

The recent market situation for epichlorohydrin has been sluggish. Recently, the price of raw material propylene has fluctuated narrowly, while the price of glycerol has temporarily stabilized, with some support for the cost side. Enterprises mainly focus on delivering orders, while downstream inquiries and purchases are generally enthusiastic. They mainly restock small orders on dips, with a cautious wait-and-see mentality. The negotiation atmosphere in the epichlorohydrin market is deadlocked.

Upstream propylene, according to the Commodity Market Analysis System of Business Society, the reference price for propylene on May 19th was 6933.25, a decrease of 1.69% compared to May 1st (7052.60).

Downstream epoxy resin, according to the Commodity Market Analysis System of Business Society, the reference price of epoxy resin on May 19th was 14433.33, a decrease of 1.37% compared to May 1st (14633.33).

Analysts from Business Society’s epichlorohydrin believe that there is some support on the cost side, but the supply and demand side is generally supported. There is still pressure on holders to ship, and it is expected that the epichlorohydrin market may be weak in the short term. More attention still needs to be paid to market news guidance.