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Epichlorohydrin Prices Overview

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Market Overview

Quarterly Update on Global Epichlorohydrin (ECH) Market

For the Quarter Ending September 2020

Asia

ECH supply remained restricted with offers registering marked gains across Asia triggered by scheduled turnarounds and unplanned outages which kept the spot availabilities low between July-August. A Chinese ECH plant curtailed operating rates in August due to issues pertaining to upstream units. Moreover, ECH supplies from the 130 KTPA Jiangsu Haixing plant were taken offline in the early August due to technical issues. Demand was healthy in China, buoyed by ramped run rates at the downstream plants as several epoxy makers rushed to procure volumes before the extended National Day holidays begin in October. CFR China prices for ECH were heard around USD 1200-1250 per MT in August, amid anticipations that supply may further tighten in Q4. Offtakes by some Northeast Asian countries were capped due to lackluster downstream buying.

North America

ECH supply-demand gap stood balanced in Q3 because of the resumption in operations at the manufacturing unit of a leading producer who remained shut during Q2. Sentiments were hard hit after the sole ECH producer announced to shut down a Novalac plant in North America, which wasn't much productive. Meanwhile, demand started losing grounds post a much-needed recovery observed across the automotive and construction sectors. Firming Propylene lent support to the pricing curve which started regaining the uptrend. Amid suppressed dynamics, players maintained a cautious stance to monitor the global economic developments, especially in China, to see if it translates into more positive sentiments and redirect the trade flows.

Europe

The European ECH market turned quite balanced moving into Q3 as the supply-demand scenario was seen pushing back towards demand because only limited supply additions were foreseen on the horizon. Demand for Epoxy Resins was seen gradually recovering from the Q2 coronavirus impact causing players to report lifted margins. Players were able to materialize price increases as inventories in the European markets were replenished with higher cost stock. The downstream inquiries and purchases were seen showing greater activity over Q2 amid fears that some uncertainty is likely to persist even in Q4.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Epichlorohydrin is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Epichlorohydrin market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Epichlorohydrin (ECH) manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Epichlorohydrin (ECH) market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Epichlorohydrin (ECH) market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Epichlorohydrin (ECH) are analyzed and region-wise demand pattern is tracked.

About

Epichlorohydrin (commonly abbreviated as ECH) is a liquid aliphatic epoxide widely used as raw material to produce epoxy resins which are the major constituents of paints, coatings, adhesives, electric insulation products, glass fiber reinforced plastics etc. Above 75% of the world’s Epichlorohydrin consumption goes into the production of Epoxy Resins. Epichlorohydrin is also used to produce pharmaceuticals, surfactants, textiles, papers and may other end-uses. It is also listed as an inert constituent in pesticide formulations. The conventional way of manufacturing Epichlorohydrin is a multi-step process using Propylene and Chlorine as the key feedstocks. In recent years, the production of Epichlorohydrin has taken a ‘green pathway’ in the chemical industry, done via utilizing environmentally safe renewable raw materials and sustainable engineering. Owing to fluctuations in the price of Propylene, which is a petrochemical and easy availability of raw Glycerin (which is obtained as a by-product of biodiesel production), there is increasing interest in devising ECH production methods using glycerol as the key feedstock.

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Epichlorohydrin Prices Overview