In Q4 2023, the price of Epichlorohydrin (ECH) in the United States was 1849 USD/MT.
The latest report by IMARC Group, titled “Epichlorohydrin (ECH) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Epichlorohydrin (ECH) Price Trend. This report delves in globally, presenting a detailed analysis, along with an informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores Epichlorohydrin Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Epichlorohydrin Prices December 2023:
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The study delves into the factors affecting epichlorohydrin price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Epichlorohydrin Price Trend- Q4 2023
The Epichlorohydrin industry is predominantly influenced by several key factors contributing to its growth. The rising demand for epoxy resins, which are the primary derivatives of Epichlorohydrin, acts as a major driving force. Epoxy resins find extensive applications in various industries such as construction, automotive, electronics, and coatings, owing to their exceptional properties like high strength, durability, and chemical resistance. The expanding construction and automotive sectors, particularly in emerging economies, fuel the demand for epoxy resins, thereby stimulating the Epichlorohydrin industry. Besides, the increasing adoption of Epichlorohydrin in the production of synthetic glycerin, water treatment chemicals, and pharmaceuticals contributes significantly to market growth. With the growing emphasis on environmental sustainability and stringent regulations promoting clean water initiatives, the demand for water treatment chemicals derived from Epichlorohydrin is expected to rise. Additionally, the pharmaceutical industry’s reliance on Epichlorohydrin for manufacturing various drugs, including cholesterol-lowering medications and antiseptics, further boosts market demand. Furthermore, ongoing research and development activities aimed at enhancing production processes, improving product quality, and exploring new applications for Epichlorohydrin continue to drive innovation and market expansion.
The North American Epichlorohydrin (ECH) industry exhibited a notable downtrend in the fourth quarter of 2023, with October remaining subdued due to the maintenance shutdown of a major manufacturer, Westlake Epoxy, in Deer Park, Texas. This shutdown, alongside underutilized capacity, signaled a period of supply constraint. However, November saw a clear downtrend despite some companies hesitating to scale back production. The introduction of new production capacity and slow performance in downstream epoxy resin markets, driven by depleting raw material inventories, contributed to cautious inquiries for ECH, based on rigid demand considerations. Consequently, the US ECH industry experienced a significant price decrease of around 15% from the previous quarter and a staggering 41% decline from the same period in the previous year, primarily influenced by cheaper imports and subdued demand.
In the APAC region, Epichlorohydrin prices witnessed a rebound in the fourth quarter of 2023 compared to the previous quarter, driven by a notable increase in the cost of feedstock glycerine during October. Additionally, November experienced a growth in market sentiment fueled by expected improvements in economic activities across the region. However, domestic supply struggled to meet heightened overseas demand, leading to insufficient inventories and creating a tight supply scenario. South Korea, particularly affected by low supply, saw a significant increase in prices. Meanwhile, in Europe, the market faced a downward trend due to weak demand from the construction industry and high supply chain pressures despite moderate supply levels. South America experienced a similar downward trend, driven by steady imports and reduced demand from the construction sector, although the lowered cost of feedstock provided some stability to the market.
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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