Epichlorohydrin Market Fluctuated and Declined in November

2. Market analysis
　

As of noon on November 30, the average price of epichlorohydrin companies was 16,133.33 CNY/ton, a decrease of 18.66% compared with the price on November 1, and a year-on-year increase of 12.04% in a three-month cycle.

The market price of epichlorohydrin fluctuated lower in November. In the first ten days, the cost support of the propylene method was weak, and the cost support of the glycerol method was relatively strong. The downstream procurement enthusiasm was not high. The shipments of enterprises were under pressure and the price weakened. As the raw material propylene rose, the price of downstream epoxy resin rose broadly, and the market supported Intensified, the inquiry atmosphere has improved and the market has rebounded, but the demand is still insufficient to follow up, and the price has fallen under pressure again. In the middle of the month, the price of raw material propylene was weak, the cost support weakened, the cost pressure of the glycerin method still remained, the enthusiasm for downstream inquiries and purchases was not high, the shipments of enterprises were under pressure, and the weak demand dragged down market confidence, the trading atmosphere was thin, and prices fell. In the second half of the year, the supply is sufficient, the demand side is weak, and the focus of negotiations is weakening. With the gradual increase in the price of raw material propylene, the cost support is gradually strengthened. Weak, the overall market fell in the second half of the year.

Upstream propylene, according to the price chart of the business agency, the overall performance of the propylene market in November was overwhelming but insufficient. The price increased several times, but it finally showed weakness. In November, the domestic propylene (Shandong) market fluctuated and declined. At the beginning of the month, the market was at 8,175 CNY/ton, and the weekend average price was 7,617 CNY/ton, a 6.83% monthly decline.

Downstream epoxy resin, on November 30, the liquid epoxy resin market in East China was weak. Today's negotiation offer is 27,500-28,000 CNY/ton barrels to be shipped. At the end of the month, the two raw materials are arranged sideways, and the factory is also advancing steadily. , The news from the cost side is relatively unremarkable. The small bisphenol A market is offered at RMB 16,700-17,000/ton, and the actual order needs to be tracked. The downstream new orders are relatively small, and the just-needed purchases are the main ones, and the industry is currently not favorable.

3. Market outlook forecast
　　

On the whole, the current cost support is limited, the demand performance is still insufficient, and the market atmosphere is weak. It is expected that the epichlorohydrin market may be weakened in the short term.