On February 19, an accident occurred in an epichlorohydrin plant in Shandong, which attracted market attention. Affected by this, epichlorohydrin in Shandong and Huangshan markets suspended quotation, and the market was in a wait-and-see mood, waiting for the market to become clearer. After the Spring Festival, the price of epichlorohydrin continued to rise, and the current market quotation has reached 9,900 yuan/ton, an increase of 900 yuan/ton compared with before the festival, an increase of 12%. However, due to the strong rise in the price of raw material glycerin, the cost pressure of enterprises is still relatively large. As of press time, some companies have raised the price of epichlorohydrin by 300-500 yuan/ton. Driven by costs, the price of epoxy resin may also rise in the future, and the market trend still needs to be closely monitored. Although the rise in glycerin prices and sudden accidents have led to a phased increase in the price of epichlorohydrin, it is recommended that downstream companies purchase rationally, avoid blindly chasing high prices, and plan inventory reasonably to cope with market fluctuations.
The glycerin foreign market quotations remain strong, with strong short-term cost support. Domestic low-price quotations have decreased, and holders are reluctant to sell at high prices. However, the follow-up of transactions in the market is slow, and they are cautious about purchasing high-priced glycerin. Under the stalemate game in the market, it is expected that the glycerin market will continue its upward trend in the near future.
Post time: Feb-21-2025