1、 Price trend of epichlorohydrin:

(Figure: P value curve of epichlorohydrin product)

2、 Market analysis:

Product: epichlorohydrin market fell this week, according to the data in the large list of business agencies. The inventory of epichlorohydrin manufacturers was under pressure, the downstream demand did not improve significantly, the contradiction between supply and demand was prominent, and the market trading atmosphere was light. As of the 15th, the average price of epichlorohydrin enterprises was 9866.67 yuan / ton, down 6.03% compared with the beginning of the week and 30.35% compared with January 1st. On the 15th, the main quotation of epichlorohydrin market in China was about 8900-10000 yuan / ton.

The epichlorohydrin commodity index on March 15 was 69.68, unchanged from yesterday, 47.89% lower than 133.71 (2019-10-29), the highest point in the cycle, and 48.73% higher than 46.85, the lowest point on September 7, 2016. (Note: cycle refers to 2011-09-01 to now)

Industry chain: the market price of propylene in Shandong region in the upstream (3.9-3.13) fell by 6.60% this week. On the 13th, the market turnover was 6100-6650 yuan / ton, and the mainstream price was 6100-6150 yuan / ton. Influenced by the OPEC meeting a few days ago, international crude oil plummeted continuously. Influenced by the hope of economic stimulus plan and the reduction of US producers’ spending on the 10th, American crude oil jumped 8% again. On the 11th, international crude oil fell slightly, and on the 12th, crude oil fell sharply again. Due to the low production and inventory before propylene, the decline in the early stage is not significant, but the crude oil price fluctuates greatly. It is expected that the propylene price will be affected by crude oil in the later stage, showing a significant downward trend. On the 13th, the price of downstream epoxy resin and dual raw materials fell, the cost side was insufficient, the terminal demand was light, and the buyer’s follow-up was limited.

3、 Future forecast:

According to the epichlorohydrin analysts of the business club, the price of raw propylene is weak in the near future, and the transaction in the downstream epoxy resin market is light. It is expected that in the short term, the epichlorohydrin market will be mainly consolidated and operated, and more attention should be paid to the cost and demand information guidance.