Epichlorohydrin Prices during the second quarter of 2023 | ChemAnalyst

Posted July 26, 2023 by chemanalystreports

In the second quarter of 2023, the Asian market experienced a decrease in Epichlorohydrin (ECH) price. In China, the prices of ECH increased by around 0.5% in April 2023.

For the Quarter Ending June 2023

North America

The Epichlorohydrin (ECH) market in the United States observed a decrease in its prices during the second quarter of 2023. This decline was mainly attributed to the reduced feedstock Propylene cost and increased production of raw glycerine. During this period, the price of feedstock Propylene decreased by around 18.5%, 12.8%, and 8.5%, respectively. As a result, the price of ECH decreased by approximately 5.5%, 1%, and 3.5% in April, May, and June, respectively. Furthermore, the lower consumption of products in downstream epoxy resin, paints and coatings, automotive, and building and construction sectors drove the market during this period. Moreover, the product supply in the country was high, and no shortage of material was noticed during this quarter. Moreover, the labor shortage in the USA and the US bank crises after the failure of Silvergate Bank, Signature Bank, and Silicon Valley Bank (SVB) disrupted the availability of financing and lending options for construction projects. Construction companies often rely on banks and financial institutions to secure loans and credit lines to fund their projects. SVB's failure led to a reduction in available credit or tighter lending standards. The construction industry faced challenges in securing the necessary capital for their projects, potentially leading to delays or cancellations of the demand for construction products. The decrease in demand for construction products directly impacted Epichlorohydrin prices.

Epichlorohydrin Prices: https://www.chemanalyst.com/Pricing-data/epichlorohydrin-55


In the second quarter of 2023, the Asian market experienced a decrease in Epichlorohydrin (ECH) price. In China, the prices of ECH increased by around 0.5% in April 2023. However, in May and June 2023, the product's price decreased by approximately 4%, and 9.5% also declined. The major reason behind this price trend was the lower cost of feedstock Propylene, as it declined nearly 3.1% and 7.8% in May and June 2023, respectively. With decreases of around 8% and 8.7% in May and June, respectively. The end-use construction industry was trying to get revived during this quarter but did not perform well due to sluggish overseas demand from USA and Europe. In India, the Price of ECH increased by around 1.2% in the first month of this quarter as the demand for the product from the downstream Epoxy Resin market increased, whereas the supply was moderate. In May and June 2023, the price of products decreased by around 1% and 4%, respectively, primarily due to declined value of feedstock Propylene as it decreased by approximately 3% and 8%, respectively, during these two months. In the last month of this quarter, the price of Epichlorohydrin CFR JNPT (India) was hovering around USD 928.98/MT.

Get Real Time Prices: Epichlorohydrin Price Trend and Forecast


In the second quarter of 2023, the European Epichlorohydrin market experienced a bearish market trend in the first month of this quarter as feedstock Propylene prices declined by around 5.5%. Furthermore, macroeconomic factors such as high inflation negatively affected consumer spending, further contributing to the bearish sentiment in the market. The buying momentum from derivative sectors, particularly constructions, and consumer goods, has significantly weakened as many buyers prioritize maintaining minimal inventories and acquiring materials only when necessary. The strike by dock workers at the Port of Hamburg, Germany, is the nation's busiest and the second busiest in Europe. This strike impacted the export of Epichlorohydrin and further helped to decline the product's price in the country. However, in the last two months of this quarter, the market situation was bullish prices increased by 1% and 3.8%, respectively, due to increased demand for products from overseas as the USA fulfilled most of the Epichlorohydrin demand from Europe. However, the supply was limited in the region.

About Us:

ChemAnalyst is a subsidiary of TechSci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.
The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By ChemAnalyst
Phone 3322586602
Business Address 420 Lexington Avenue, Suite 300, New York, NY, United States, 10170
Country United States
Categories Business
Tags epichlorohydrin prices , epichlorohydrin price , epichlorohydrin pricing , epichlorohydrin market , epichlorohydrin price trend
Last Updated July 26, 2023