According to the Commodity Market Analysis System of Business Society, as of February 28th, the average price quoted by epoxy chloropropane enterprises was 8150.00 yuan/ton, an increase of 0.31% compared to the price on February 1st.

The market situation of epichlorohydrin remained stable with minor fluctuations in February. The pre holiday cost support is average, the industry’s capacity utilization rate is low, and the supply side inventory operates without pressure. After the downstream stage replenishment, the enthusiasm for inquiry and procurement decreases. With the approaching holiday and the impact of logistics transportation, the market atmosphere is calm and wait-and-see, and the focus of negotiations on epichlorohydrin is mainly stable. After the holiday, the factory mainly delivers contracts and orders, and the inventory pressure accumulated during the holiday gradually eases. Some enterprises have export orders to support their price boosting mentality, but downstream demand recovery is slow. The attitude of inquiry and procurement is cautious, and small orders with low demand are mainly selected. New orders in the market are generally sold.

Upstream propylene, according to the commodity market analysis system of Business Society, the reference price of propylene on February 27th was 6895.75, an increase of 0.77% compared to February 1st (6843.25), providing moderate support for the epichlorohydrin market.

According to the commodity market analysis system of Business Society, the reference price for downstream epoxy resin on February 27th was 13333.33, an increase of 1.52% compared to February 1st (13133.33), which provides limited support for the epoxy chloropropane market.

Analysts from Business Society believe that the current market is dominated by poor demand, and shippers are under pressure to ship. It is expected that the market for epichlorohydrin may be weak in the short term, and more attention should be paid to market news guidance.