The Chinese Epichlorohydrin (ECH) market experienced a price hike in early February xxxx, continuing the upward trend from the previous month. However, unlike previous surges driven by cost pressures, this increase was primarily fueled by a tight spot flow of Epichlorohydrin due to the low working production capacity of feedstock Propylene despite the weak demand from the downstream epoxy resin market.
At the beginning of February xxxx itself, the market of Epichlorohydrin in China continuously persisted in the uptrend following the previous market trend to settle at USD xxxx/ tonne Epichlorohydrin FOB Ningbo during xnd February xxxx. Low production capacity utilization was one of the major drivers for this uptrend. At around xxx, most manufacturers were prioritizing fulfilling existing contracts, leaving limited supplies available on the spot market, and encouraging price increases. Furthermore, several maintenance shutdowns of the feedstock Propylene plants have created a tight spot...
