Epichlorohydrin Morning Market Update

1. Key Focus Points

1. Glycerin (99.5%) in East China: The market trend is weak, with prices hovering around RMB 8,500–8,650/ton (delivered).
2. Epichlorohydrin (ECH): The market remains in a weak consolidation phase. In Jiangsu, prices are centered around RMB 11,200–11,300/ton (delivered, acceptance-based payment).
3. Epoxy Resin: With weakening cost support and pressure on shipments, the epoxy resin market is undergoing a weak adjustment.

Core Logic: Market trading activity is relatively sluggish. Manufacturers have increased their willingness to ship products, intensifying competitive pressure, which has led to weaker negotiation levels for new orders. Downstream participation is cautious, resulting in limited actual transactions.

Notes:

1. Prices refer to point-in-time values from the two previous working weeks prior to this week, not weekly averages.
2. "Change" represents the period-over-period rate of change.
3. Unit: RMB/ton.