The beginning of May xxxx has seen a further drop in the price of Epichlorohydrin in China. Epichlorohydrin manufacturers&#xx; manufacturing costs were lowered by a steady decline in the price of propylene, a feedstock. Crucially, the epoxy resin industry&#xx;s downstream demand fell over the May Day holiday, going from strong to negative feelings. New orders for Epichlorohydrin were also further limited by the downstream construction and paints & coatings industries&#xx; consistently poor performance. Additionally, the lack of exemption from US duties on Epichlorohydrin reduced demand for exports to the United States.
Key Takeaways:
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The demand for Epichlorohydrin from the downstream epoxy resin has decreased following pre-holiday stocking.
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The price of the Epichlorohydrin fell in China over the May Day holiday.
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The demand for exports to the USA decreased when “Annex II” stated that Epichlorohydrin was not exempted from tariffs.
