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SunSirs: The Market Price of ECH Rose Slightly (February 18-23)
February 25 2021 11:14:13SunSirs(John)

Price trend

According to data from SunSirs’ bulk list, as of February 23, the average price of ECH companies was 11,200 RMB/ton, an increase of 1.20% compared with the previous trading day and an increase of 2.75% compared with February 18, a decrease of 6.15% compared with January 23.

Analysis review

After the holiday, the market for ECH rose slightly. Recently, the raw material propylene continues to rise, the downstream epoxy resin continues to rise, the industry chain market is strong, boosting market confidence, low-cost sources are reduced, the market supply is sufficient, the downstream inquiry atmosphere has slightly increased, and the rigid demand is still the main focus .

Upstream propylene, the market price of propylene in Shandong continued to rise on February 23. According to the monitoring data of SunSirs, the price of propylene fell all the way at the end of January. After a slight rebound at the end of the month, the price of propylene began to stabilize. On the 8th, the price of propylene generally fell by 50 RMB/ton. After entering the Spring Festival holiday, the price of propylene remained stable during the first half of the holiday, and the price of the second half (from February 15) showed a steady upward trend. The 18th was the first day of work, and the price rose by about 200 RMB/ton daily to the 21st. , On the 22nd, it rose by about 400 RMB/ton. After the Spring Festival, the total has risen by more than 1,000 RMB/ton. As of the 23rd, the market transaction reached 8,500~8,550 RMB/ton, and the mainstream price was about 8,500 RMB/ton.

Downstream epoxy resin, epoxy resin continued its rally on February 23. At present, the raw material bisphenol A is rising strongly, the cost support is strong, the manufacturer's mentality is good, the low-price supply in the market is difficult to find, and the downstream just needs replenishment, and most of them cautiously wait and see.

Market outlook

The ECH analyst of SunSirs believes that the recent strong performance of the upstream and downstream products is good for the market mentality. The current supply is relatively sufficient, but the demand is still slow. The downstream just needs replenishment. It is expected that in the short term, the ECH market may be adjusted in a narrow range, and more attention needs to be paid to market news guidance.

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