Prompt

1. Key Focus Points

1. East China 99.5% glycerin continued its downward trend, with delivered prices hovering around RMB 8,600–8,750/ton.
2. ECH (epichlorohydrin) prices remained largely stable with minor fluctuations; Jiangsu market delivered prices were centered at RMB 11,000–11,050/ton (on an acceptance basis).
3. Costs continue to provide support, but demand shows no improvement; epoxy resin prices remain predominantly stable.

Core Logic: Cost pressures persist while profit margins shrink. Although producers’ willingness to offer discounts has weakened, the lack of downstream demand support renders price increases ineffective, and trading activity remains generally subdued.

Notes:

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