This Week's Epichlorohydrin Market Transaction Focus Shifted Upward and Stabilized (11.10-11.14)

November 16th, according to news,

This week, the market transaction focus for epichlorohydrin in China shifted upward and then stabilized. According to the monitoring and analysis system, as of November 14th, the benchmark price for epichlorohydrin was 11,400 CNY/ton, an increase of 2.7% compared to the beginning of the month.

Price influencing factors:

On the raw materials front: This week, propylene prices remained relatively strong. Costs continue to provide support, leading to an upward shift in the center of gravity for epichlorohydrin pricing. According to the market analysis system, as of November 14, the benchmark price for propylene stood at 5,960.75 CNY/ton, representing a 1.61% decrease compared to the beginning of the month (6,058.25 CNY/ton).

On the demand side: Downstream markets are showing signs of concentrated restocking, leading to a generally more active trading atmosphere that has improved compared to earlier periods. However, as downstream players complete their bulk replenishments, market sentiment has shifted to a cooler, more cautious tone. Companies are now primarily looking to sell at higher prices, while downstream buyers are adopting a more cautious approach. As a result, actual spot transactions remain limited, and the market is trending toward stabilization. Looking ahead, epoxy chloropropane prices are expected to likely trend weaker overall.

Market Forecast: Epoxy Chloropropane analysts believe that the cost side of epoxy chloropropane still enjoys some support. Coupled with a relatively positive trading atmosphere as downstream players rush to replenish their inventories, this has driven up market prices for epoxy chloropropane. However, after the concentrated restocking phase, companies have adopted a more cautious stance, leading to diminished confidence in the near-term outlook. As a result, traders are now more likely to take profits at higher levels, limiting the number of solid deals being struck. Overall, it’s expected that epoxy chloropropane prices will likely trend downward in the coming period, though ongoing monitoring of raw material costs and shifts in market supply and demand will remain crucial.