SunSirs: Shandong 2-EH Prices Rose 5.04% This Week (April 19-23)

Price trend

It can be seen from the above chart that the ex-factory price of 2-EH in Shandong increased this week. The mainstream ex-factory price of 2-EH in Shandong this week rose from 13,233.33 RMB/ton at the beginning of the week to 13,900.00 RMB/ton at the weekend, an increase of 5.04%, a year-on-year increase of 143.86%. On the whole, the market for 2-EH rose this week, and the commodity index for 2-EH on April 23 was 102.21.

Analysis review

Judging from the manufacturer’s quotations, the quotations from mainstream manufacturers of 2-EH in Shandong increased this week: Jianlan Chemical’s quotation of 2-EH was 13,900 RMB/ton this weekend, compared with the beginning of the week, the quotation increased by 700 RMB/ton; Lihuayi’s quotation of 2-EH was 13,900 RMB/ton this weekend, compared with the beginning of the week, the quotation increased by 700 RMB/ton; Hualu Hengsheng’s quotation of 2-EH was 13,900 RMB/ton this weekend, compared with the beginning of the week, the quotation increased by 600 RMB/ton

From the perspective of the upstream and downstream industry chain, the propylene market for the upstream raw material market of 2-EH rose slightly this week. The quotation rose from 8,471.18 RMB/ton at the beginning of the week to 8,604.91 RMB/ton at the weekend, an increase of 1.58%. Compared with the same period last year, the price rose by 45.95%.

In the downstream market of 2-EH, the DOP ex-factory price rose slightly this week. The DOP quotation rose from 11,825.00 RMB/ton at the beginning of the week to 12125.00 RMB/ton at the weekend, an increase of 2.54% and a year-on-year increase of 94.52% Downstream DOP prices rose slightly, downstream customers had a good enthusiasm for 2-EH procurement, and the demand for 2-EH was good. The future market operators mostly pay attention to the trend of DOP..

Market outlook

In late April, the market trend of Shandong 2-EH may fluctuate to rise slightly. The upstream propylene market rose slightly, the raw material support was good, the downstream DOP market was consolidating at a high level, the downstream purchasing enthusiasm was normal, and the supply of 2-EH was normal. The 2-EH analyst of SunSirs believes that in late April, the Shandong 2-EH market is affected by supply and demand and raw materials, the 2-EH market may fluctuate to rise slightly.

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