ECH Prices Surge Slightly Due to Freight Challenges and Hurricane Measures in the U.S.

ECH Prices Surge Slightly Due to Freight Challenges and Hurricane Measures in the U.S.

Timothy Greene 20-Jun-2024

The Epichlorohydrin (ECH) market in the United States has seen a moderate price increase recently, despite average demand from the construction sector, a major consumer. After weeks of stability, ECH prices increased by x.xxx in the first week of June, led by logistical challenges and pre-hurricane season purchasing efforts.

Shipping gaps and acute port congestion across Asia have significantly raised transportation costs, exerting higher pressure on ECH prices. The early advent of the ocean peak season and vessel rerouting due to the Red Sea situation have affected capacity, schedules, and equipment availability, leading to elevated freight rates. A senior analyst at ChemAnalyst stated, "Ongoing logistical challenges have severely interrupted the ECH supply chain to the USA. Port congestion, equipment shortages, and rerouting have constricted the logistics market, causing ECH supply to lag and driving up shipping costs."

While stable feedstock costs for propylene...

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