Liquid chlorine: ECH gains push epoxy resin prices higher despite weak downstream buying

I. Key Highlights

1. The East China market for 99.5% glycerol remained largely stable with minor fluctuations, with delivered prices hovering around CNY 8,600–8,750 per ton.
2. Epichlorohydrin (ECH) prices continued their upward trend, with Jiangsu market delivered prices settling around CNY 11,150–11,250 per ton (on a letter of credit basis).
3. With both raw materials rising in price, cost support was evident, leading to a rebound in epoxy resin prices.

Core Logic: Cost pressure persists, and manufacturers are actively pushing for price increases. However, downstream buyers remain cautious regarding high prices, limiting transactions to small-volume essential orders, resulting in limited release of actual demand.

Notes:

1. Prices represent point-in-time values from the two previous working weeks prior to this week, not weekly averages.
2. The change rate reflects the period-over-period percentage change.
3. Unit: CNY/ton