This week, the domestic epoxy propane market prices have risen. According to the monitoring system of Shengyi Society, as of November 21st, the benchmark price of Shengyi Society’s epoxy propane was 8466.67 yuan/ton, an increase of 9.96% compared to November 1st.

Price influencing factors:
Raw material side: The price of raw material propylene has increased this week. Strong cost support has led to a shift in the center of gravity of epoxy propane. According to the market analysis system of Shengyi Society, as of November 21st, the benchmark price of propylene in Shengyi Society was 6098.25 yuan/ton, an increase of 0.66% compared to the beginning of this month (6058.25 yuan/ton).
Supply side: Fluctuations in the supply side have affected the temporary supply tension of epoxy propane. Recently, Wanhua and Xinyue’s epoxy propane have reduced their negative load, and Wanhua has outsourced epoxy propane, further increasing the tight supply situation in the market. The tight supply situation has led to an increase in the price of epichlorohydrin.
Demand side: The downstream demand side has a decent demand for purchasing epoxy propane, with high purchasing enthusiasm and smooth shipment of epoxy propane. It is expected that the epoxy propane market will mainly operate steadily with a moderate to strong trend in the later stage.
Market forecast:
Business Society’s epoxy propane analyst believes that the raw material side propylene market price support is strong, downstream demand side has high purchasing enthusiasm, and epoxy propane shipments are smooth. At present, some epoxy propane enterprises are operating at a reduced load, resulting in tight market supply. It is expected that the epoxy propane market will remain stable and strong in the short term, and more attention should be paid to changes in raw material prices and market supply and demand.