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SunSirs: The market of ECH Rose on May 6 to May 12

May 13 2020 14:45:54     SunSirs (John)

Price trend

On May 11, the ECH commodity index was 70.86, unchanged from the former day, down 47.00% from 133.71 (2019-10-29), the highest point in the cycle, and up 51.25% from 46.85, the lowest point on September 7, 2016. (Note: cycle refers to 2011-09-01 to now)

 

 

Analysis review   

Product: According to the monitoring data of SunSirs, the ECH market has recently risen. As of May 12, the average price of ECH enterprises was 10,300 RMB/ton, which was 4.04% higher than May 6, and 14.02% higher than April 1. Recently, the price of raw material propylene has continued to rise, the support on the cost side has increased, the spot supply on the stack has been relatively tight, the supply of low-priced goods has been reduced, and the quotations of the holders have been firm. Affected by the news of the Jiangsu Haixing device, downstream buyers are cautiously operating and have a wait-and-see mood. The current market price of ECH is 9,800-11,000 RMB/ton.

Industrial chain: On May 11, the propylene market price in Shandong continued to rise. Last month, the price of propylene in Shandong Province rose sharply and fell sharply, and then it held steady again, and the market was stable. During the May Day holiday, the price of propylene slightly increased by about 50 RMB/ton. On the 6th, the price went up by 100 RMB/ton again. On the 7th, 8th and 9th, the price went up by 50 RMB/ton continuously. On the 10th, some enterprises went up by 50 RMB/ton continuously. On the 11th, the price went up by 50 RMB/ton again. On the 11th, the market transaction was between 6,250-6,400 RMB/ton, and the mainstream price was between 6,250-6,300 RMB/ton. On May 11, the market price of downstream epoxy resin rose, and the focus of market negotiation rose under the support of production cost.

Industry: According to the price monitoring of SunSirs on May 11, 2020, there were 26 kinds of commodities in the chemical industry sector of the list of rise and fall of bulk commodity prices, including 5 kinds of commodities with an increase rate of more than 5%, accounting for 5.6% of the number of commodities monitored in the sector; the top three commodities with an increase rate were TDI (10.33%), acrylic acid (7.66%) and polymerized MDI (5.78%).There were 13 kinds of commodities that fell sequentially, and two kinds of commodities that fell more than 5%, accounting for 2.2% of the monitored commodities in this sector; the top three products that fell were propane (-5.71%) and sulfuric acid (-5.60%), ammonium biphosphate (-4.37%). The average daily increase or decrease was 0.42%.

Market outlook

According to the analysis of ECH, the market of ECH is expected to consolidate and wait for operation in the short term, and the specific trend needs to pay more attention to the guidance of market news.

 

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

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