Price trend

According to data from SunSirs’ bulk list, as of October 21, the average price of ECH companies was 11,300 RMB/ton, an increase of 0.89% compared with last Wednesday (October 14), and a 1.74% drop compared with September 21.

Analysis review

On October 21, the ECH market went strong. At present, the spot supply is tight, and the holders are firm in their offers. The downstream just needs to follow up, and the wait-and-see mood is strong.

In the upstream propylene, the market price of propylene in Shandong was mostly stable on October 20. According to the monitoring data of the business agency, since October 1st, the price of propylene has generally remained stable, and the prices of some companies have risen and fallen slightly. This week, they have generally stabilized. On Friday, only a few companies have seen their prices fell slightly, and most companies have continued to be stable. However, the price has fallen on a wide range since the weekend, and it has fallen by about 200 RMB/ton on the 19th. On October 21, it has partially declined, most of which have not moved. The market transaction was between 7,100~7,650 RMB/ton, and the mainstream price was 7,300 RMB/ton. The sales pressure of manufacturers increased slightly during the weekend, but the situation has improved slightly.

Downstream epoxy resin, the epoxy resin market was operating stably on October 20. There was no inventory pressure in major factories. New orders remained high. Downstream small orders just needed to be purchased, and the trading atmosphere was general.

Market outlook

The ECH analyst of SunSirs believes that the current spot supply is tight, and the downstream just needs to follow up, and the wait-and-see sentiment is strong. It is expected that in the short term, the ECH market may continue to operate strongly, and the specific trend requires more attention to market news guidance.

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