Market status
From the supply of epichlorohydrin(cas106-89-8) in China, the capacity of epichlorohydrin in China has increased from 1.14 million tons in 2016 to 1.47 million tons in 2020, and the capacity continues to increase. From the perspective of output, according to statistics, the output of epichlorohydrin in China will be about 850000 tons in 2021, with a year-on-year growth of 4.94% and a compound annual growth rate of 5.12%. The price of epichlorohydrin will be stable.
From the perspective of import and export trade, in recent years, the capacity and output of epichlorohydrin(cas106-89-8) in China have increased rapidly, the degree of dependence on foreign countries has decreased, the number of imports has decreased year by year, and the number of exports has increased significantly. According to statistics, the import quantity of epichlorohydrin in China will be 2300 tons and the export quantity will be 46800 tons in 2021,
From the distribution of import regions, the overall import scale of epichlorohydrin in China is small, mainly from Thailand, Taiwan, China, South Korea, Japan and other countries and regions. In 2021, Thailand will be the largest source of China’s epichlorohydrin(cas106-89-8) imports. China will import 1599.17 tons of epichlorohydrin(cas106-89-8) from Thailand, accounting for about 70% of China’s total imports of epichlorohydrin. Secondly, 329.02 tons were imported from Taiwan, China; 292.46 tons were imported from South Korea.
From the distribution of export regions, the main export destinations of epichlorohydrin in China are South Korea, Thailand, the Netherlands, India, Taiwan, China and other countries and regions. According to the price advantage of epichlorohydrin, in 2021, China will export the largest amount of epichlorohydrin to South Korea, 22400 tons, accounting for 47.9% of China’s total exports of epichlorohydrin.
The price of epichlorohydrin fell in October.
From the perspective of supply and demand: after the festival, the factory is active in shipping, but the downstream mainly consumes the raw materials in stock, and only small orders are needed to replenish at low prices. The shipment of the cargo holders is not smooth, the operators are under pressure, and the price of epichlorohydrin is falling. The demand side is still poor in the middle and late days. Some units in Hebei, Shandong and Zhejiang are in shutdown state, but the downstream purchase intention is not high, the buying is cautious, the cargo holders are under pressure, and the weak demand continues to drag down the price.
The price of epichlorohydrin is analyzed from the upstream and downstream. On October 26, the reference price of propylene in the upstream was 7426.60, down 2.55% compared with October 1 (7620.60). The cost support of propylene method was insufficient this month. The market of raw glycerin fell this month, but the cost pressure of glycerin method remained. The reference price of downstream epoxy resin was 18433.33 on October 26, down 10.23% compared with October 1 (20533.33), which was insufficient to support the epichlorohydrin(cas106-89-8)market.
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