Epichlorohydrin weak operation this week (7.20-7.24)

1、 Price trend of epichlorohydrin

 

(Figure: P value curve of epichlorohydrin product)

 

2、 Market analysis

 

Epichlorohydrin market is weak this week. As of July 24, the average quoted price of epichlorohydrin enterprises was 9666.67 yuan / ton, down 1.36% compared with the beginning of the week, and 7.64% lower than that of June 24, according to the data of the bulk list of business associations. At present, the shippers are actively shipping, and the downstream small orders just need to replenish. The market negotiation focus is weak. The downstream enterprises hold a cautious wait-and-see attitude, lack of buying gas, and the trading atmosphere is light.

 

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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

Aite (Shandong) new materials Co., Ltd. 9300 yuan / ton high quality products; 99.9% Min: 2020-07-24

Jinan planhua Chemical Co., Ltd. 9300 yuan / T national standard 99.9 2020-07-24

Jinan Mingwei Chemical Co., Ltd. $9300 / T premium product; 99.9% Min: 2020-07-24

Jinan jinrihe Chemical Co., Ltd. 9100 yuan / ton national standard barrel, 240kg / barrel, 2020-07-24

Shandong tashuo Chemical Co., Ltd. 9700 yuan / ton national standard barrel, 240kg / barrel, 2020-07-23

Zibo tengshuo economic and Trade Co., Ltd. $9300 / T, excellent products; 99.9% Min: 2020-07-22

Jinan aochen Chemical Co., Ltd. 10000 yuan / T premium products; 99.9% Min: 2020-07-20

Shandong michuan Chemical Co., Ltd. $9100 / T, excellent product; 99.9% Min: 2020-07-20

For upstream propylene, according to the data from the bulk list of business associations, the domestic propylene (Shandong) market price remained stable after going up this week (7.20 ~ 7.24), and fell slightly at the weekend, with the weekly low price of 6785 yuan / ton at the beginning of the week, and 6870 yuan / ton at the weekend, and 6876 yuan / ton on Wednesday and Thursday, with a weekly increase of 1.25% and a weekly amplitude of 1.34%. Generally speaking, the inventory pressure of propylene manufacturers is not big, but the shipment is general, the crude oil price is slightly increased, the overall downstream market operating rate is fair, PP market is relatively calm, and the downstream purchasing enthusiasm is weak, and the market trading is stable. At present, most of the propylene market prices are still in the upper limit of the oscillation range, so it is expected that propylene prices will generally decline in the near future.

 

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Downstream epoxy resin, on July 24, the downstream epoxy resin was in weak finishing operation, the raw material trend was weak, the cost support was weakened, the new single transaction was sporadic, the demand was small, and the market atmosphere was light.

 

3、 Future forecast

 

Epichlorohydrin analysts of the business club believe that the price of propylene raw materials will decline at the weekend, the cost side support will be weakened, and the downstream just need small orders to purchase. The wait-and-see atmosphere is strong, and the shippers are under pressure. It is expected that in the short term, the market situation of epichlorohydrin will be mainly weak.

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