SunSirs: ECH Market Was Running Lightly (August 1-10)
August 11 2022 10:43:16 SunSirs (John)Price trend
According to the monitoring data of SunSirs, as of August 10, the average price of ECH quoted by ECH enterprises was 11,433.33 RMB/ton, which was the same as the price on August 1. Compared with the price on July 10, it fell by 36.25%, and fell by 38.64% in a three-month cycle.
Analysis review
Recently (8.1-8.10), the quotations of ECH enterprises weakened in shock, and the overall market atmosphere was running lightly. Recently, the price of raw material propylene rose, and the price of raw material glycerol temporarily stabilized, and the cost side had certain support. The market start-up load increased slightly, the supply side was sufficient, but the demand side was weak, the market wait-and-see atmosphere was strong, and the trading atmosphere was mediocre.
Upstream propylene, according to the data monitoring of SunSirs, on August 9, the reference price of propylene was 7,240.60 RMB/ton, a decrease of 1.47% compared with August 1 (7,348.60 RMB/ton).
Downstream epoxy resin, according to the data monitoring of SunSirs, on August 9, the reference price of epoxy resin was 17,750.00 RMB/ton, an increase of 1.14% compared with August 1 (175,50.00 RMB/ton).
Market outlook
The ECH analyst of SunSirs believes that the current cost support is acceptable, but the supply and demand support is insufficient, and downstream purchases are more cautious and wait-and-see. It is expected that the ECH market may be stalemate in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-04-15 SunSirs: Supported by Cost and Supply, the Price of ECH Had Risen
- 2024-04-08 SunSirs: The Market for ECH Was Generally Stable, with Transactions Being Small Orders on Demand
- 2024-03-22 SunSirs: Poor Demand, the ECH Market Was Operating Lightly
- 2024-03-18 SunSirs: Under Demand Constraints, the Market for ECH Was Operating Weakly
- 2024-03-07 SunSirs: Demand Was Insufficient and the ECH Market Was Stable
