This Week's Epichlorohydrin Market Trading Focus Downward (11.3-11.6)

November 06, News

Due to the lack of positive market news, the trading focus of the epichlorohydrin market in China declined this week. According to the monitoring and analysis system, as of November 6, the benchmark price of epichlorohydrin was 11,400 CNY/ton, a decrease of -4.2% compared to the beginning of the month.

Price influencing factors:

Raw Material Side: This week, the price of propylene, a key raw material, declined. With insufficient cost-side support, epichlorohydrin continued its weak downward trend. According to the market analysis system, as of November 6, the benchmark price for propylene stood at 5,970.75 CNY per ton, down 1.44% from the beginning of the month (6,058.25 CNY per ton).

On the demand side: Downstream buyers are primarily purchasing on an as-needed basis, adopting a cautious and wait-and-see approach. Meanwhile, traders, influenced by the "buy when prices rise, not when they fall" mentality, have contributed to a lukewarm market atmosphere, with new orders being placed very cautiously. Overall, epoxy chloropropane market prices are expected to remain weakly stable in the near term.

Market Forecast: Epoxy Chloropropane analysts believe that the cost support for epoxy chloropropane is insufficient. Coupled with the continued sluggish demand in downstream sectors, traders are influenced by a "buy high, not low" mentality, driving the market price of epoxy chloropropane downward. Going forward, the market price of epoxy chloropropane is expected to remain weak and trend lower, with ongoing attention still needed on raw material prices and shifts in market supply and demand dynamics.