After hitting bottom in December, the market shifted to a volatile upward trend. In the mid-to-late part of the month, industry operating rates were limited, coupled with a high volume of pre-sold orders from some mainstream manufacturers, resulting in minimal pressure on spot supply. Supported by both cost factors and improved supply-demand dynamics, the market's willingness to maintain prices strengthened, leading to a stabilization of market conditions. According to the monitoring and analysis system of Business Society, as of December 31, the benchmark price of epichlorohydrin was 11,600 yuan per ton, representing a 3.57% increase compared to the beginning of the month. Price Influencing Factors: Raw Material Side: The decline in raw material prices weakened the support for epichlorohydrin market prices. As shown by Business Society's market analysis system, as of December 31, the benchmark price of propylene was 5,711.00 yuan per ton, a 7.6% decrease compared to the beginning of the month (6,180.75 yuan per ton). Supply Side: In early December, maintenance at some production facilities led to tight inventories and supply constraints, driving up epichlorohydrin prices. Starting in late December, supply gradually eased, with expectations of new capacity releases and multiple facilities planning to restart, significantly increasing market supply. Market sentiment turned bearish, but prices remained firm. Demand Side: Downstream epoxy resin market demand remained weak, with subdued actual order activity. Most traders adopted a wait-and-see approach, making cautious purchases, further exacerbating market sluggishness. End-consumer demand for epichlorohydrin downstream products was lackluster, lacking strong support. It is expected that epichlorohydrin market prices will stabilize in the near term. Outlook: According to Business Society's epichlorohydrin analyst, cost-side support for epichlorohydrin has weakened. Downstream demand remains soft, with purchases driven by necessity and subdued trading activity. It is anticipated that epichlorohydrin market prices will stabilize in the near term, with further attention required on raw material prices and changes in market supply and demand.