This week, the epoxy propane market is stable with a moderate to strong adjustment. According to the Commodity Market Analysis System of Shengyi Society, as of January 17th, the benchmark price of Shengyi Society’s epoxy propane was 8075 yuan/ton, a decrease of -2.86% compared to the beginning of this month.

Price influencing factors:

Supply side: With the gradual restart of enterprise facilities, the production of epichlorohydrin has increased. The on-site production facilities have gradually resumed operation. Individual load reduction maintenance of chlorohydrin method, Lihua Yi continues to operate at 60% load, and Zhejiang Petrochemical stops.

Raw material side: The prices of propylene and liquid chlorine have fluctuated this week. According to the market analysis system of Shengyi Society, as of January 16th, the benchmark price of propylene in Shengyi Society was 7005.75 yuan/ton, an increase of 2.49% compared to the beginning of this month (6835.75 yuan/ton).

Downstream demand side: As the Spring Festival approaches, the downstream demand sentiment is relatively cold, and there is insufficient follow-up on procurement. The market’s actual order trading is cold, and the main focus is on first-time purchases, with a cautious and wait-and-see attitude.

Market forecast: Business Society’s epoxy propane analyst believes that with the restart and recovery of enterprise equipment, epoxy propane production has increased, and downstream demand side purchases are cautious and insufficient to follow up, with a strong wait-and-see attitude. It is expected that the epoxy propane market will remain stable in the short term, and more attention should be paid to market information guidance.