Morning Market Brief: Epichlorohydrin

I. Key Observations

1. East China 99.5% glycerin traded within a narrow range, with delivered prices hovering around RMB 8,800–9,000/ton.
2. ECH (Epichlorohydrin) prices showed a weak trend; the Jiangsu market price was quoted at RMB 11,100–11,150/ton on an acceptance basis (delivered).
3. Epoxy resin prices rebounded, but demand did not show significant improvement.

Core Logic: Cost pressures persist. Although producers intend to maintain prices, downstream participation remains cautious. Purchasing is primarily driven by rigid demand for replenishment at lower levels, but actual transaction volumes remain limited.

Note:

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