Epichlorohydrin Prices: Latest News and Trend

Epichlorohydrin Prices in USA

• United States: 1849 USD/MT

At the end of the fourth quarter of the year, the epichlorohydrin (ECH) prices in the United States was $1,849 per metric ton.

Regional Epichlorohydrin Prices:

• South Korea: 1166 USD/MT

• Netherlands: 2639 USD/MT

• Brazil: 2279 USD/MT

Epichlorohydrin Price Trend-

The epichlorohydrin industry is driven by increasing demand to produce epoxy resins, widely used in coatings, adhesives, and composites. Growth in the automotive, aerospace, and construction industries boosts epoxy resin usage, consequently fueling epichlorohydrin demand. Additionally, the rising need for water treatment chemicals and pharmaceuticals, where epichlorohydrin is a key raw material, further supports market growth. Advances in bio-based production methods and stringent environmental regulations also encourage the shift toward more sustainable epichlorohydrin sources, expanding the market. The robust industrial expansion in emerging economies contributes significantly to the global demand for epichlorohydrin.

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Regional Highlights:

• North America:

After a period of low demand in Q4 2023, the North American market for epichlorohydrin remained optimistic in Q1 2024. Expensive imports and a modicum of purchases from the building sector impacted the market. Cost-driven price hikes resulted from the restricted supply of epichlorohydrin on the spot market, which was brought on by large increases in propylene prices. The poor utilization rates in China combined with this increase in manufacturing costs increased the pressure on prices. Manufacturers in the USA gave priority to completing their existing contracts, which resulted in a stable environment for trade and spot supplies.

Asia-Pacific:

The Epichlorohydrin (ECH) industry in the Asia-Pacific area experienced a downward trend in the first quarter of 2024, which influenced prices. One significant contributing aspect was the ongoing low demand for ECH on a worldwide scale, which strained supply systems and drove down prices. Along with the general decreasing price trend, the market also witnessed supported availability of spot flow, especially from China where prices remained low.

• Europe:

The European region saw notable unfavorable price movements for epichlorohydrin in the first quarter of 2024. The condition of the downstream building industry was one crucial factor influencing the price of epichlorohydrin. Orders and exports from this industry fell due to a drop in demand. A decrease in total economic growth was caused by strikes, high unemployment, and rising interest rates, all of which made this downturn worse. In contrast to the preceding quarter, the price of epichlorohydrin in the South American region was positive in the first quarter of 2024.

The restricted import of goods from abroad, especially from Asia, a significant provider to the area, kept this trend going. This increase was due to the flood of pricey imports from the Asian market.

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand

• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

• North America: United States and Canada

• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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