This week, the epoxy chloropropane market has maintained its upward momentum. At present, there is a shortage of spot goods in the market, and supply remains tight. After the price increase, low-priced spot goods are difficult to find, and there has been a decrease in trading orders in the market, with a focus on purchasing small orders for essential needs. According to the monitoring system of Shengyi Society, as of November 15th, the benchmark price of Shengyi Society’s epichlorohydrin was 8875 yuan/ton, an increase of 2.9% compared to the beginning of this month (8625 yuan/ton).

Price influencing factors: On the raw material side, there has been a significant increase in the market price of raw material propylene recently, and the supply is tight, resulting in an increase in the production cost of epichlorohydrin. According to the market analysis system of Shengyi Society, as of November 15th, the benchmark price of propylene in Shengyi Society was 6770.75 yuan/ton, a decrease of -0.22% compared to the beginning of this month (6785.75 yuan/ton).

Equipment situation: In early October, Jiangsu Haixing Chemical, a leading enterprise in epoxy chloropropane production, stopped maintenance of its 130000 tons/year propylene method epoxy chloropropane unit.

Downstream demand side: The downstream epoxy resin demand is mainly based on small orders, and the raw material side continues to rise. The cost of epoxy resin is supported, and suppliers are cautious in purchasing, resulting in low enthusiasm for inquiries.

Market forecast: Analysts from Shengyi Society believe that the cost side price will rise, the supply will be insufficient, downstream demand will be the main source, new orders will be insufficient, and raw materials will be purchased cautiously. In addition, leading enterprises will stop for maintenance, and the market supply will be tight. It is expected that the epoxy chloropropane market may have a slight increase in the short term, and more attention still needs to be paid to changes in market prices.