Epoxy Chloropropane Market Prices Continue to Show a Weak Downward Trend Primarily

August 13th News

Today, the market price of epichlorohydrin has weakened. According to the monitoring and analysis system, as of August 12, the benchmark price of epichlorohydrin in China was 10,800 CNY/ton, a decrease of 5.26% from early August.

Price influencing factors:

Raw material side: Prices of raw materials glycerol and propylene remain high. According to the market analysis system, as of August 12, the benchmark price of propylene was 6,653.25 CNY/ton, an increase of 3.42% compared to the beginning of this month (6,433.25 CNY/ton).

Demand side: Downstream epoxy resins market support is relatively weak. Currently, the capacity utilization rate of the epoxy resins market has reached around 50%, indicating a relaxed supply situation. Downstream terminal demand is sluggish, with buyers mainly following their basic purchasing needs. Trading activity is lackluster, and actual transactions are very few, causing the price center of chloropropane to decline.

Market forecast: Analysts of epichlorohydrin believe that glycerol and propylene prices remain high at the cost end, while market supply appears relatively loose. However, the market is pressured by bearish news on supply and demand. Most Chinese manufacturers are actively shipping products, causing continuous price declines. Additionally, downstream terminal demand has not kept pace, resulting in a sluggish trading atmosphere. It is expected that the epichlorohydrin market will continue its weak downward trend in the near term, and further attention should be paid to changes in raw material prices and market supply-demand dynamics.