This week, domestic epichlorohydrin market prices have declined. The primary reason is a short-term reversal in supply-demand dynamics: factory supply has resumed, while pre-holiday stockpiling by downstream users has concluded, leading to weak demand and difficulties in concluding high-price transactions. According to the monitoring and analysis system of 100ppi.com, as of February 6, the benchmark price of epichlorohydrin was 12,300 yuan per ton, representing a decrease of -2.38% compared to the beginning of the month.

Price influencing factors:
Raw material side: Glycerin prices remain high and stable, providing strong cost support for epichlorohydrin. Propylene prices have risen, offering some support for epichlorohydrin. According to the market analysis system of 100ppi.com, as of February 6, the benchmark price of propylene was 6,437.67 yuan per ton, an increase of 0.52% compared to the beginning of the month (6,404.33 yuan per ton).

Supply side: Before the Spring Festival, some previously idled or under-maintenance factories gradually resumed production, leading to an increase in market supply. Factories have lowered their quotations to facilitate shipments.

Demand side: Downstream epoxy resin market demand is weak, with a subdued trading atmosphere. Procurement is mainly driven by small orders for essential needs, and acceptance of high-priced epichlorohydrin is limited, resulting in constrained market transaction volumes.

Future outlook: Analysts from 100ppi.com believe that epichlorohydrin is strongly supported by high raw material costs, while downstream demand remains weak and market sentiment is subdued. Epichlorohydrin producers hold a bearish outlook, and trading activity is tepid, with procurement dominated by small orders for essential needs. It is expected that epichlorohydrin market prices may consolidate weakly in the near term, with further developments dependent on raw material price trends and changes in market supply and demand.