For the Quarter Ending September 2025
North America
• In United States, the Epichlorohydrin Price Index fell by 3.1% quarter-over-quarter, in Q3 2025, as downstream demand remained soft.
• The average Epichlorohydrin price for the quarter was approximately USD 1986 per metric ton, reflecting mixed demand.
• Epichlorohydrin Spot Price has shown limited volatility, with prices hovering in a tight range amid supply constraints.
• Epichlorohydrin Price Forecast remains cautious, as downstream epoxy resin demand recovery is uneven across regions.
• Epichlorohydrin Production Cost Trend shows pressure from glycerol and propylene costs amid tight China supply.
• Epichlorohydrin Demand Outlook in North America remains lackluster due to hurricane season and paints delays.
• Epichlorohydrin Price Index softened as imports cooled, despite some restocking signals in late quarter in North America.
• Logistics disruptions, port congestion in Asia, and shifting freight costs influenced Epichlorohydrin import dynamics significantly this quarter.
• Manufacturing capacity utilization and comfortable inventories restrained upside, tempering price gains despite tight supply conditions.
Why did the price of Epichlorohydrin change in September 2025 in North America?
• Tighter Epichlorohydrin supply from China due to maintenance and disruptions limited prompt availability in September.
• Rising glycerol and propylene costs raised production costs, supporting price resilience despite weak downstream demand.
• Seasonal restocking and tariff-related volatility influenced import flows and pricing dynamics during the quarter September.
APAC
• In Japan, the Epichlorohydrin Price Index fell by 1.22% quarter-over-quarter, in Q3 2025, amid easing feedstock costs.
• The average Epichlorohydrin price for the quarter was approximately USD 2596.00/MT, reflecting stable demand and balanced supply dynamics.
• Epichlorohydrin Spot Price remained relatively range-bound as inventories stayed ample, reinforcing a cautious Price Index path.
• Epichlorohydrin Price Forecast suggests limited upside in near term due to steady propylene feedstock costs and cautious downstream demand.
• Epichlorohydrin Production Cost Trend points to supported costs from easing glycerol and propylene prices recently.
• Epichlorohydrin Demand Outlook remains tempered by paints and coatings softness, though construction activity shows selective pickup in Asia.
• Epichlorohydrin Price Index signals sideways movement as logistics delays and restocking cycles offset demand gains.
• Price Index in APAC Japan remains sensitive to feedstock parity shifts, export dynamics, and epoxy resin industry restocking patterns.
• In September, rising container availability and pre-festive restocking supported tempered price shifts in Epichlorohydrin Ex Osaka markets.
Why did the price of Epichlorohydrin change in September 2025 in APAC?
• The Epichlorohydrin uptick in market was driven by a combination of tighter spot availability from some domestic producers.
• A modest rebound in feedstock prices (glycerol/propylene) and short-term logistical disruption Japan that constrained prompt shipments and pushed some buyers to secure nearby FOB cargoes.
• Downstream sentiment (epoxy resin producers) showed selective restocking ahead of Golden week of October and cautious procurement.
Europe
• In Germany, the Epichlorohydrin Price Index rose by 3.65% quarter-over-quarter, in Q3 2025, supported supply stability.
• The average Epichlorohydrin price for the quarter was approximately USD 1996.00/MT, reflecting demand trends notably.
• Epichlorohydrin Spot Price faced volatility from glycerol and propylene cost shifts, influencing the Price Index.
• Epichlorohydrin Price Forecast remained cautious due to seasonal demand and port congestion impacting logistics notably.
• Epichlorohydrin Production Cost Trend shifted upward on glycerol and propylene, supporting prices mid-quarter in Europe.
• Epichlorohydrin Demand Outlook remained subdued in paints and coatings, tempering price gains through Q3 2025 regionally.
• Epichlorohydrin Price Index reflected balanced logistics as Rhine freight eased, supporting steady pricing throughout quarter.
• Epichlorohydrin Spot Price volatility tied to port congestion and glycerol constraints increasing risk for importers.
• Epichlorohydrin Production Cost Trend remained elevated versus propylene declines, sustaining margins in Europe through Q3.
• Epichlorohydrin Demand Outlook may shift with restocking cycles and regional restarts, influencing near-term buying patterns.
Why did the price of Epichlorohydrin change in September 2025 in Europe?
• Rising glycerol and propylene costs constrained margins, supporting price levels despite downstream demand in September.
• Logistics disruptions and port congestion in Europe extended delivery times, dampening offtake and price responsiveness.
• Seasonal weakness in paints and coatings tempered demand while export flows remained limited during September.
South America
• In Brazil, the Epichlorohydrin Price Index fell 6.36% quarter-over-quarter, in Q3 2025, due to weaker downstream demand and import pressure.
• The average Epichlorohydrin price for the quarter was USD 2193.33/MT CFR Santos, Brazil, reflecting market steadiness.
• Epichlorohydrin Spot Price remained weak as port bottlenecks and regional softness restrained immediate buying appetite.
• Epichlorohydrin Price Forecast suggests narrow range ahead amid supply tightness and currency volatility in Brazil.
• Epichlorohydrin Production Cost Trend has shown pressure from glycerol inputs, offset by propylene declines recently.
• Epichlorohydrin Demand Outlook indicates cautious restocking with downstream epoxy resins stabilizing but resilient in construction.
• Epichlorohydrin Price Index reflected regional logistics strain, with freight and port delays muting price relief.
• Epichlorohydrin Spot Price movements align with limited Chinese supply and rising glycerol costs this quarter.
• Epichlorohydrin Production Cost Trend remained influenced by glycerol and logistics, supporting distant import parity throughout.
Why did the price of Epichlorohydrin change in September 2025 in South America?
• Supply constraints from China and Brazil port disruptions tightened availability, supporting price stability but risk.
• Weaker downstream epoxy resin demand reduced buying urgency, pressuring the market despite tight feedstock supply.
• Rising glycerol costs and freight charges amplified production costs, contributing to a softer price index.
For the Quarter Ending June 2025
Asia-Pacific (APAC)
• The Epichlorohydrin Price Index in APAC increased by 1.9% in Q2. Prices settled at USD 1220/MT FOB Ningbo by the end of June 2025.
• Prices were volatile across the quarter. Early declines were driven by weak demand and falling feedstock costs, while late-June saw a 1.4% increase due to higher propylene and glycerol prices and reduced spot availability.
• Why did the price of Epichlorohydrin change in July 2025 in China?
• Prices remained range-bound in early July as upstream cost support persisted, but sluggish epoxy resin demand and high inventory levels capped gains.
• The Epichlorohydrin Production Cost Trend was shaped by rebounding crude and propylene prices, along with tight glycerol supply. However, weak downstream demand and reduced operating rates at several Epichlorohydrin units kept cost-push impacts in check.
• Epichlorohydrin Demand Outlook remained weak in Q2. Epoxy resin producers operated at 50–60% rates amid soft demand from paints, coatings, and export sectors. Post-festival slowdown and tariff uncertainty further dampened procurement.
• Export momentum of Epichlorohydrin slowed, with overseas buyers cautious due to trade tensions and unstable demand across India and Southeast Asia.
• Domestic procurement in China was conservative and cost-sensitive, driven by limited end-use demand, oversupply, and weak confidence in the downstream epoxy resin and coating sectors.
North America
• The Epichlorohydrin Price Index in North America increased by 3.2% on a quarter-on-quarter basis. Prices settled at USD 2029/MT CFR USA by the end of June 2025.
• However, prices were stable due to low epoxy resin demand, declining feedstock propylene prices, and bearish sentiment. Surging imports from South Korea and rising freight costs offset downward pressure.
• Why did the price of Epichlorohydrin change in July 2025 in the USA?
• Prices stayed flat in early July as forward-buying ahead of tariff hikes and higher freight from Asia balanced weak demand and favorable feedstock costs.
• The Epichlorohydrin Production Cost Trend was shaped by low propylene prices and high operating rates in South Korea, while increased freight and port congestion raised delivered costs to the U.S.
• The Epichlorohydrin Demand Outlook remained soft. Downstream epoxy resin and paints & coatings sectors showed sluggish recovery amid high construction costs, interest rates, and trade uncertainties.
• Export momentum into the USA surged from South Korea in May due to tariff shifts, but this was driven more by strategic stockpiling than real-time demand.
• Domestic procurement in the U.S. was cautious. Buyers limited purchases to essentials amid poor housing sentiment, project delays, and broader economic concerns.
Europe
• The Epichlorohydrin Price Index in Germany declined by 2% on a quarter-on-quarter basis, settling at USD 1915/MT FOB Hamburg by the end of June 2025. Despite declining feedstock propylene prices and soft demand, logistical bottlenecks offset downward price pressure.
• Prices showed no notable volatility throughout Q2 and remained stable due to weak demand from epoxy resin and construction sectors, countered by disruptions at key European ports such as Antwerp, Rotterdam, and Bremerhaven.
• Why did the price of Epichlorohydrin change in July 2025 in Germany?
• Early July saw continued rollover pricing amid unchanged demand conditions and lingering port congestion. Any drop in feedstock prices was neutralized by transportation challenges.
• The Epichlorohydrin Production Cost Trend was influenced by declining propylene costs and high feedstock inventories. However, no Epichlorohydrin plant shutdowns in Europe ensured steady production levels.
• The Epichlorohydrin Demand Outlook remained bearish. End-use industries such as epoxy resin, construction, and paints & coatings witnessed ongoing stagnation, with no significant recovery in new orders or project activity.
• Downstream sectors reported cautious procurement and stock replenishment only on a need basis, as trade and tariff uncertainties persisted despite temporary tariff pauses.
• Domestic and regional shipments were heavily affected by Rhine River water levels, labor strikes, and inland transport delays, compelling sellers to maintain price stability rather than risk margin loss.
South America
• The Epichlorohydrin Price Index in Brazil declined by 3.5% QoQ, settling at USD 2157/MT CFR Santos by the end of June 2025. Lower feedstock propylene prices and weak demand pressured prices throughout the quarter.
• Prices fell steadily in May and early June due to cheaper Asian imports and subdued demand. Port congestion and rising freight from Asia limited further downside later in the second quarter.
• Why did the price of Epichlorohydrin change in July 2025 in Brazil?
• Prices remained range-bound in early July as buyers continued cautious procurement. High inventories and soft construction demand were balanced by persistent logistical delays and freight cost support.
• The Epichlorohydrin Production Cost Trend was shaped by low feedstock prices and high propylene operating rates in Asia, with Chinese and South Korean plants recovering from shutdowns, boosting supply.
• The Epichlorohydrin Demand Outlook was weak in Q2 due to sluggish epoxy resin and paints & coatings sectors. Brazil’s housing and construction markets showed limited recovery amid inflation, high interest rates, and weak confidence.
• Export momentum from China and South Korea to Brazil increased post-maintenance, but demand-side weakness kept buying volumes low.
• Domestic procurement in Brazil remained conservative. Importers placed replenishment orders only on a need basis due to tariff uncertainties, bearish sentiment, and soft end-user sectors.
For the Quarter Ending March 2025
North America
Throughout Q1 2025, the Epichlorohydrin prices in North America witnessed a significant downtrend of 9.4% as compared to the last quarter of 2024. During January 2025, epichlorohydrin prices in the USA declined due to softening demand and ample supply. Throughout the quarter, the downstream epoxy resin sector, which is the major consumer of ECH, showed minimal activity. The slow restart of operations after the winter holidays in the epoxy sector further weakened the demand.
On the supply side, the situation eased significantly. New production capacities in China came online, reducing global supply pressure. Shipping bottlenecks also improved, especially after the Lunar New Year, as freight rates dropped, and container availability increased in February 2025. The US construction industry, a key end-use sector for epoxy resins, remained sluggish. Seasonal factors, high mortgage rates, and economic uncertainty discouraged new construction activity.
However, by late March, uncertainty around potential tariffs led some importers to adjust their buying strategies, which contributed to a slight rebound in ECH prices. This rebound is not enough to offset the downtrend of epichlorohydrin prices in the USA.
APAC
During Q1 2025, the Epichlorohydrin price in Asia witnessed a significant incline in prices followed by a downward trend. Early January saw a brief rebound in epichlorohydrin prices in South Korea due to higher feedstock propylene prices and restocking activity ahead of the Lunar New Year. Despite low demand from the construction sector and the impact of anti-dumping duties from India, producers increased prices to offset rising production expenses. However, as mid-January arrived, the market started to soften. The Lunar New Year holiday period brought temporary closures in February 2025, lower trade activity and minimal new orders with existing inventories were sufficient to meet demand. Demand from downstream sectors, especially epoxy resin, and construction, remained weak throughout most of the quarter. However, in March, the epichlorohydrin prices began to shift sharply. Rising global trade tensions, especially the implementation of tariffs on Chinese ECH, prompted a change in import strategies. Buyers began sourcing more from alternative suppliers, including South Korea, leading to a surge in orders and a renewed upward trend in the market. The epichlorohydrin prices have increased by 2% in the first quarter of 2025 as compared to the last quarter of 2024.
Europe
Throughout Q1 2025, Epichlorohydrin prices in Europe experienced a profound decline in prices by 3.6% as compared to the previous quarter of 2024. At the beginning of January, the Epichlorohydrin prices in Germany remained under pressure despite rising production costs due to an increase in feedstock propylene prices. The demand from key downstream sectors like construction, epoxy resin, and paints and coatings stayed subdued. Although port congestion and logistical delays were present, they were not significant enough to disrupt the abundant supply. As February progressed, demand from the epoxy resin sector remained soft, largely influenced by the Lunar New Year slowdown in Asia, which affected global consumption patterns. Many buyers relied on existing stocks and made only minimal purchases. In March, although supply became tighter due to logistical issues and a shift in trade dynamics, demand remained too low to drive prices up. The downstream construction sector continued to struggle, especially in Germany, where building activity faced a sharp contraction. Paints and coatings also saw little improvement, with most companies maintaining a cautious approach.
South America
Throughout the first quarter of 2025, Epichlorohydrin prices in South America experienced a notable decline of 9.3% compared to the previous quarter. In January, Epichlorohydrin prices fell in Brazil due to weak demand and abundant supply. The epoxy resin sector, ECH's primary downstream consumer, showed limited activity, with a slow post-holiday restart further dampening demand. On the supply front, conditions improved considerably. The addition of new production capacities in China eased global supply pressure, while shipping bottlenecks began to clear following the Lunar New Year. This led to a drop in freight rates and better container availability, especially in February. Meanwhile, the Brazilian construction sector, a significant consumer of epoxy resins, remained underwhelming. However, toward the end of March, market uncertainty surrounding possible tariffs prompted some importers to adjust their purchasing strategies, causing a modest price to rebound. This late recovery was insufficient to reverse the overall downward trend in Epichlorohydrin prices across the quarter. As per ChemAnalyst, the Epichlorohydrin prices in Brazil settled at USD 2420/ MT CFR Santos during the concluding week of March 2025.
For the Quarter Ending December 2024
North America
Throughout Q4 2024, the Epichlorohydrin market in North America witnessed a significant uptrend in imported prices. In October, typhoon Bebinca disrupted the supply chain activity from China to the USA. Moreover, several ECH plant closures in China have led to a decline in the obtainability of available stocks. Additionally, the strike at the International Longshoreman's Association (ILA) ports and the devastation caused by the Hurricane disrupted the supply chain values. Moreover, the Federal Bank decided to cut the interest rate which boosted the demand and increased the consumer sentiments from the downstream construction sector.
Simultaneously, due to the rebound in the downstream construction sector, the sales volume of ECH surged in November. The Election uncertainty has increased consumer sentiments from the downstream paints and coating sector which created an upward pressure on the overall market.
Furthermore, the implementation of anti-dumping duties on Indian ECH imports compelled Chinese suppliers to increase their quoted prices in December as well. This increase, coupled with higher import costs, contributed to the upward pressure on ECH prices in the USA.
APAC
Throughout Q4 2024, the Epichlorohydrin market in Asia witnessed a significant incline in prices. During October 2024, the post-National Day holiday celebrated in Taiwan and China, consumer sentiments have increased from the downstream paints and coating sector in the Asian market which created an upward pressure on the ECH inquiries. Moreover, the continuous surge in the feedstock Propylene prices in October has increased the manufacturing costs of ECH during this timeframe. The imposition of anti-dumping duties during November 2024 on ECH imports from China, South Korea, and Thailand by the Indian government has had a profound impact on the global Epichlorohydrin market. The additional costs associated with the anti-dumping duties have been passed on to importers, leading to higher FOB prices for Epichlorohydrin from South Korea. The ECH prices in South Korea have continued to showcase a bullish trend during December 2024 despite the low demand from the downstream construction sector. The supply of Epichlorohydrin within the domestic market was tight due to several maintenance shutdowns which created a shortage of available spot goods.
Europe
Throughout Q4 2024, the Epichlorohydrin market in Europe experienced a profound decline in prices influenced by several significant factors. In October, a decline in the feedstock Propylene prices declined the manufacturing costs. Moreover, the resolution of a port strike eased supply pressures and reduced freight charges which made imported ECH prices lower. The low demand from the construction industry, driven by factors such as declining construction spending, sluggish housing demand, economic slowdown, and inflationary pressures, impacted ECH orders to remain low. The ECH prices in Europe including Germany have continued their downtrend during November 2024 amid a low performance in the downstream construction sector. The consumer sentiments remained lulled amid a surge in the inflation rate. Moreover, in December, European ECH markets continued to see quiet spot activity driven by a general slowdown ahead of the winter downturn which limited the need for goods from the downstream paints and coating industry. Henceforth, despite the increasing congestion due to the rail car front, the market continued to face downward pressure.
South America
The South American Epichlorohydrin market experienced a significant uptick in imported prices throughout the fourth quarter of 2024. In October, a confluence of events disrupted the global supply chain, driving prices higher. Firstly, Typhoon Bebinca severely disrupted supply chain activity from China to Brazil. Secondly, several ECH plant closures in China led to a decline in available stock, further tightening supply. Producers of goods observed an increase in delivery delays on the supply side, brought on by delayed international logistics, traffic at Asian ports, and distributor shortages of essential supplies. In November, the market witnessed a surge in ECH sales volume, driven by a rebound in the downstream construction sector which boosted consumer sentiment within the downstream paints and coatings sector, creating an upward pressure on overall market demand. However, the market dynamics shifted toward bearishness in December 2024 despite the increase in the feedstock Propylene prices. Moreover, the end-of-year destocking season has led several manufacturers to clear their inventory levels to avoid taxation which further eroded the market sentiments.
