This week, the trading center of the epichlorohydrin market shifted upward and maintained stable operation. According to the monitoring and analysis system of Shengyi Society, as of November 14th, the benchmark price of Shengyi Society’s epichlorohydrin was 11400 yuan/ton, an increase of 2.7% compared to the beginning of this month.
Price influencing factors:
Raw material side: This week, the price of raw material propylene is running strong. There is still support on the cost side, and the center of gravity of epichlorohydrin has shifted upward. According to the market analysis system of Shengyi Society, as of November 14th, the benchmark price of propylene in Shengyi Society was 5960.75 yuan/ton, a decrease of 1.61% compared to the beginning of this month (6058.25 yuan/ton).
On the demand side, there is a concentrated replenishment phenomenon downstream, and the market trading atmosphere is relatively positive, with an overall improvement compared to the previous period. However, with the concentrated replenishment of downstream products, the market trading atmosphere has turned cold, and companies tend to sell at high prices. Downstream companies have begun to operate cautiously, with limited actual trading and a stabilizing trend in the market. It is expected that the epoxy chloropropane market price will mainly decline weakly in the later stage.
Market forecast: Business Society’s epoxy chloropropane analyst believes that there is still some support on the cost side of epoxy chloropropane, and coupled with a positive atmosphere of downstream centralized replenishment and trading, the market price of epoxy chloropropane will rise. After the downstream concentrated replenishment, the mentality of enterprises has turned cautious, and their confidence in the future has weakened. Market transactions are limited when they are high, and it is expected that the epoxy chloropropane market price will mainly decline weakly in the later stage. More attention still needs to be paid to changes in raw material prices and market supply and demand.
| http://www.sulfamic-acid.com |