Downstream buying was negative, with epichlorohydrin market down 13.53% in six days

I. price trend of epichlorohydrin:

 

According to the data of the business club’s large scale list, the market of epichlorohydrin has declined in recent days. On Friday (November 8), the average price of the enterprise was 17000 yuan / ton, on November 13, the average price of the enterprise was 14700 yuan / ton, and the six-day decline of epichlorohydrin was 13.53%. In a three-month cycle, it rose 2.08% year-on-year.

 

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II. Market analysis:

 

Product: epichlorohydrin market fell recently. At present, there is no inventory pressure for manufacturers, but the enthusiasm of downstream operators is not high, and there is a strong wait-and-see atmosphere. On August 8, the average price of epichlorohydrin enterprises was 17000 yuan / ton, on November 11, the price of epichlorohydrin fell to 16266.67 yuan / ton, on December 12, the price rose to 16600 yuan / ton, and on March 13, the average price of epichlorohydrin enterprises was 14700 yuan / ton. At present, the main quotation of epichlorohydrin market in China is about 14000-15300 yuan / ton.

 

Industrial chain: the market price of upstream propylene in Shandong Province has increased recently. At present, the market turnover is about 7320-7550 yuan / ton, and the mainstream price is 7350 yuan / ton. At present, propylene inventory is low, supply is more tight, downstream purchasing sentiment is good, and crude oil and PP market is still ideal, some prices are still rising. The downstream epoxy resin is mainly weak and downward, and the trading atmosphere is stalemate.

 

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Industry: according to the price monitoring of the business agency, there are 10 kinds of commodities in the list of rise and fall of bulk commodity prices on November 13, 2019, among which the commodity range with an increase of more than 5% is mainly arranged, and the fluctuation is still possible. Chloroform (3.81%). There are 18 kinds of commodities falling on a month on month basis, and one kind of commodities falling by more than 5%, accounting for 1.2% of the number of commodities monitored in this sector; the top three products falling are epichlorohydrin (- 11.45%), urea (- 3.23%) and lithium carbonate (- 2.70%). The 13 day average rose or fell 0.06%.

 

3. Future forecast:

 

According to epichlorohydrin analysts of the business club, the cost support brought by upstream raw materials has not had much impact in recent months, so the supply and demand side is still the key to increase or decrease the price of epichlorohydrin. Due to the expected restart of some units and release of new production capacity in the later stage, downstream operators are more cautious in participating in the process, and the trading in epichlorohydrin market is stagnant. The weak operation of downstream epoxy resin has also become a major constraint on the operation road of epichlorohydrin. It is expected that in the short term, the weak operation of epichlorohydrin market will be dominated, and more attention should be paid to the information guidance of upstream and downstream mainstream manufacturers.

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