According to the Commodity Market Analysis System of the Business Society, as of September 21, the average quoted price of epichlorohydrin enterprises was 8375.00 yuan/ton, which is unchanged from Monday’s price and a decrease of 25.67% compared to the same period last year.

This week, the market for epichlorohydrin is mainly stable. Recently, the price of raw material glycerol has dropped, and the market for raw material propylene has been weak and stable. The cost support is average, and the industry’s capacity utilization rate is below 50%. There is no pressure on supply side inventory, supporting manufacturers’ price mentality. After downstream restocking, small orders mainly need to be followed up at an appropriate price. Market trading is cautious and wait-and-see. On the 21st, the mainstream negotiations in the Shandong epichlorohydrin market were around 8300-8500 yuan/ton.

Upstream propylene, according to the Commodity Market Analysis System of Business Society, the reference price for propylene on September 20th was 7313.25, an increase of 2.81% compared to September 1st (7113.25).

Downstream epoxy resin, according to the Commodity Market Analysis System of the Business Society, the reference price for epoxy resin on September 20th was 15466.67, an increase of 6.91% compared to September 1st (14466.67).

Analysts from Business Society believe that there is still supply side support, and the demand side is average. It is expected that the epichlorohydrin market may remain stable in the short term, and more attention still needs to be paid to changes in the supply and demand side of the market.