Price trend

According to the Commodity Market Analysis System of SunSirs, as of September 14th, the average price of ECH quoted by ECH enterprises was 8,350.00 RMB/ton, an increase of 0.30% compared to Monday's price and a decrease of 26.32% compared to the same period last year.

Analysis review

This week, the market for ECH remained stable and saw some growth. Recently, the price of raw material glycerol was stable, while the price of raw material propylene had risen, with significant cost support. In addition, some enterprises had no inventory pressure, and their mentality to sell goods at low prices was not strong. Affected by the expected increase in supply, downstream follow-up enthusiasm was average and mainly was cautious and wait-and-see, resulting in a stalemate in the high-end transaction atmosphere in the market On the 14th, the mainstream negotiations in the Shandong ECH market were around 8,300-8,500 RMB/ton.

Upstream propylene, according to the Commodity Market Analysis System of SunSirs, the reference price for propylene on September 13th was 7,265.75 RMB/ton, an increase of 2.14% compared to September 1st (7,113.25 RMB/ton).

Downstream epoxy resin, according to the Commodity Market Analysis System of SunSirs, the reference price for epoxy resin on September 13th was 14,933.33 RMB/ton, an increase of 3.23% compared to September 1st (14,466.67 RMB/ton).

Market outlook

Analysts from SunSirs believe that as of September 14th, there was strong cost support, coupled with expectations for downstream pre holiday stocking, which provided some support for the market. However, news of the planned restart of some devices had affected downstream procurement enthusiasm and put pressure on the mentality of operators. It is expected that the ECH market may remain stagnant and operate on a wait-and-see basis in the short term, and more attention still needs to be paid to changes in market supply and demand.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.