1、 Price trend of epichlorohydrin
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(Figure: P value curve of epichlorohydrin product)
2、 Market analysis
Recently, epichlorohydrin market is weak. As of December 3, the average price quoted by epichlorohydrin enterprises was 12733.33 yuan / ton, which was 2.55% lower than that at the beginning of the week (November 30) and 16.11% higher than that on November 3.
In recent years, the price of raw material propylene is high, the cost is strongly supported, and the factory’s low price shipping intention is not strong, but the downstream buyer is insufficient, the prudence of purchasing epichlorohydrin increases, and there is a lack of buying support in the market, so the shippers are under pressure to deliver, and the focus of market negotiation is weak. The epichlorohydrin commodity index on December 3 was 91.34, which was the same as yesterday, decreased by 31.69% from 133.71 (October 29, 2019), and increased by 94.96% from 46.85, the lowest point on September 07, 2016. (Note: period refers to 2011-09-01 to now)
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According to the data monitoring of the business agency, the price of epichlorohydrin of some enterprises is summarized (for reference only, the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.)
Enterprise market price specification date
Jinan aochen Chemical Co., Ltd. $12400 / T premium product; 99.9% Min: 2020-12-03
Jinan Mingwei Chemical Co., Ltd. 12000 yuan / T national standard 99.9 2020-12-02
Shandong Yukang Chemical Co., Ltd. $12800 / T premium product; 99.9% Min: 2020-12-02
Shandong rongnuo Chemical Sales Co., Ltd. 13000 yuan / ton national standard barrel, 240kg / barrel, 2020-12-01
Upstream propylene, on December 3, the market price of propylene in Shandong region rose slightly. According to the price chart of business agency, the price of propylene rose continuously in late November, increasing by more than 12%. At the end of the month, the price was stable again, and some of them went up today. At present, the transaction volume in the market is still between 7550 yuan / ton and 7900 yuan / ton, and the mainstream price is between 7650 yuan / ton and 7700 yuan / ton. Now the factory stock is small, the shipment situation is good.
The downstream epoxy resin market was weak on December 3. Bisphenol A, the main raw material, rose. The pressure of high cost of epoxy resin did not decrease. The manufacturers mainly made firm offers. However, the downstream companies were resistant to the high price raw materials. Most of them just needed to follow up, and the atmosphere was not enough.
3、 Future forecast
According to the analysts of epichlorohydrin of the business agency, the price of propylene is high in recent years, but the downstream purchasing enthusiasm is general, the cost and demand fundamentals play a game, and the market atmosphere is stagnant. Moreover, several downstream liquid epoxy resin factories have maintenance plans, and the demand side support is gradually insufficient. It is expected that in the short term, the epichlorohydrin market may be weak, and more attention should be paid to the market news Guidelines.
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