On May 12th, the market price of epichlorohydrin remained stable. According to the monitoring and analysis system of Shengyi Society, as of May 12th, the benchmark price of Shengyi Society’s epichlorohydrin was 8900 yuan/ton, a decrease of -1.11% compared to early May.

Price influencing factors:
Raw material side: The market for raw material propylene glycerol is mainly fluctuating and consolidating. According to the market analysis system of Shengyi Society, as of May 9th, the benchmark price of propylene in Shengyi Society was 6653.25 yuan/ton, an increase of 1.26% compared to the beginning of this month (6570.75 yuan/ton).
Downstream demand side: The downstream epoxy resin market supply remains normal, with a capacity utilization rate of over 50%. But the terminal demand is weak, trading is not smooth, and the main focus is on purchasing for essential needs. Overall, the demand for epichlorohydrin has weakened, with weak upward momentum and mainly stable operation.
Market forecast: Analysts from Shengyi Society believe that downstream market demand is weak, traders’ purchasing mentality is not positive, and market trading is not smooth. It is predicted that the epoxy chloropropane market will experience weak growth in the later stage or continue to operate steadily, and more attention still needs to be paid to changes in market supply and demand.