According to the Commodity Market Analysis System of the Business Society, as of October 26th, the average price quoted by epichlorohydrin enterprises was 8075.00 yuan/ton, a decrease of 1.22% compared to Monday’s price.

The epichlorohydrin market is mainly stable this week, with some companies adjusting their prices. Recently, the price of raw material glycerol has remained stable, while the market for raw material propylene has declined. Cost support is weak, and there is no pressure on supply side inventory to boost prices. Downstream follow-up is still cautious, with small purchases mainly on demand, and the market transaction atmosphere is average.

Upstream propylene, according to the Commodity Market Analysis System of Business Society, on October 25th, the reference price for propylene was 6963.25, a decrease of 4.23% compared to October 1st (7270.75), and recent support for the epichlorohydrin market has weakened.

Downstream epoxy resin, according to the Commodity Market Analysis System of Business Society, the reference price of epoxy resin on October 25th was 13933.33, a decrease of 8.13% compared to October 1st (15166.67), providing general support for the epichlorohydrin market.

Analysts from Business Society believe that the current strong supply side support has boosted the mentality of businesses, but the purchasing mentality on the demand side is cautious. It is expected that the epichlorohydrin market may remain stagnant and operate on a wait-and-see basis in the short term, and more attention still needs to be paid to market news guidance.