Morning Market Briefing for Epichlorohydrin (September 20, 2026)

I. Key Focus Areas

1. The price of 99.5% glycerin in East China continued its weak downward trend, with delivered prices hovering around RMB 9,050–9,250 per ton.
2. ECH (Epichlorohydrin) prices continued to fall, with Jiangsu market prices settling at RMB 11,300–11,400 per ton on an accepted bill-of-exchange delivery basis.
3. Although cost support remains present, selling at high prices faces pressure; epoxy resin markets are consolidating sideways.

Core Logic: Cost support for ECH is weakening, compounded by insufficient follow-through from downstream demand. Manufacturers face obstacles in selling at high prices, leading to discounts on new orders to facilitate sales, while transaction volumes remain limited.

Notes:

1. The two periods refer to spot prices from the previous two working weeks prior to this week, not weekly averages.
2. The change rate represents the period-over-period percentage change.
3. Unit: RMB/ton