In the off-season of December demand, the market price of epoxy propane hit bottom. According to the Commodity Market Analysis System of Shengyi Society, as of December 20th, the benchmark price of Shengyi Society’s epoxy propane was 8370 yuan/ton, a decrease of -1.85% compared to the beginning of this month.

Price influencing factors:

Supply side: In December, most factories plan to resume production of maintenance equipment. At present, there is insufficient price support on the supply side.

Raw material side: The rise and fall of liquid chloropropene on the raw material side varies. At present, the factory price of mainstream liquid chlorine tank trucks in Shandong Province is 150-200 yuan/ton. According to the market analysis system of Shengyi Society, as of December 19th, the benchmark price of propylene in Shengyi Society was 6895.75 yuan/ton, an increase of 0.73% compared to the beginning of this month (6845.75 yuan/ton).

Downstream demand side: The downstream demand side is relatively cold, with insufficient follow-up on procurement, cold actual market transactions, and mainly focused on first-time purchases, adopting a cautious and wait-and-see attitude. Overall, during the off-season of market demand, the demand for epichlorohydrin is relatively weak.

Market forecast:

Business Society’s epoxy propane analyst believes that due to the impact of the off-season, downstream demand side parking and maintenance, weakened procurement volume, and the gradual closure of enterprises towards the end of the year, it is expected that the epoxy propane market will mainly experience fluctuations and consolidation, and more attention should be paid to market news guidance.