The market for epichlorohydrin remained stable this week. According to the Commodity Market Analysis System of Business Society, as of February 4th, the average price quoted by epoxy chloropropane enterprises was 8150.00 yuan/ton, which is unchanged from Monday (January 29th).

Price influencing factors:

Cost side: According to the analysis system of the commodity market in Shengyishe, the domestic propylene (Shandong) market has been operating weakly and steadily this week, with average support for the propylene method cost side.

Supply and demand side: In recent times, the industry’s capacity utilization rate has been low, and there is no pressure on inventory at the supply side. Downstream stocks are prepared according to demand before holidays, and spot prices are tight, supporting the mentality of business owners. After the phased replenishment of downstream goods, the enthusiasm for inquiry and procurement has decreased. In addition, the impact of logistics transportation has led to a weak and stable operation of the epichlorohydrin market.

Analysts from Business Society believe that as downstream pre holiday stocking approaches its end, the market atmosphere is calm and wait-and-see. It is expected that the market for epichlorohydrin may stabilize and operate in the short term, and more attention still needs to be paid to market news guidance.