This Week's Epichlorohydrin Market Stably Weak (11.17-11.21)

November 23rd, news

This week, the market price of epichlorohydrin in China has been weak and stable. According to the monitoring and analysis system, as of November 21, the benchmark price of epichlorohydrin is 11,200 CNY/ton, a decrease of -5.88% compared to the beginning of the month.

Price influencing factors:

On the raw materials front: This week, the price of propylene—a key raw material—rose, while glycerin prices declined. Market prices across the raw materials sector showed mixed movements, with limited cost support, leading to a downward shift in the center of gravity for epichlorohydrin pricing. According to the market analysis system, as of November 21, the benchmark price for propylene stood at 6,098.25 CNY per ton, representing a 0.66% increase compared to the beginning of the month (6,058.25 CNY per ton).

On the demand side: The downstream epoxy resins market is experiencing weak demand, with a sluggish trading atmosphere. Epoxy chloropropane manufacturers are leaning toward a bearish outlook, with some even cutting prices to boost sales. As a result, actual transactions remain scarce, and the market is currently showing a weak yet stable trend. Going forward, epoxy chloropropane prices are expected to consolidate at lower levels.

Market Forecast: Epoxy Chloropropane analysts note that costs for epoxy chloropropane have shown mixed movements, providing limited support. Meanwhile, weak downstream demand has led to a lukewarm trading atmosphere in the market. As a result, manufacturers are adopting a cautiously bearish stance, with some even opting to lower prices to stimulate sales. Consequently, actual transactions remain scarce, and the market is seeing very few meaningful deals. Going forward, epoxy chloropropane prices are expected to consolidate at weaker levels, though ongoing attention will still be crucial—particularly regarding raw material costs and shifts in market supply and demand dynamics.