Price trend in 2023:

The market situation of ECH declined in 2023. According to the Commodity Market Analysis System of SunSirs, the average price of ECH for enterprises was 9,100.00 RMB/ton on January 1, 2023, and 8,125.00 RMB/ton on December 31, with a 10.71% decline in the market for the year.

In the first half of the year, the spot supply in the Jiangsu and Shandong markets was tight in January, and companies had a price boosting mentality. The market remained sluggish and stable before and after the Spring Festival, with small fluctuations in company quotations. In February, there was significant cost support, but downstream demand was weak, with only small purchases for basic needs. Factory shipments were under pressure, and cumulative inventory increased. The supply and demand side dragged down the market. The cost support in March still existed, with some ECH units shutting down or operating at reduced loads. However, the demand support was weak, with downstream mainly consuming inventory raw materials. Market sentiment was under pressure, and the focus of ECH negotiations was weak. In early April, some devices were in a state of shutdown, and the market spot supply was tight. Downstream inquiries increased, supporting the rise of the ECH market. In the middle and late stages, as some devices gradually restarted, the market supply increased, and the demand side dominated the market trend, causing the ECH market to fluctuate upwards. In May, the utilization rate of production capacity on the supply side remained low, but there was limited follow-up on the demand side. Downstream consumers consumed more inventory raw materials and mainly restocked at low prices. The market trading atmosphere was light, and the market was operating weakly. In June, the demand side dominated the market, mainly due to weak downstream epoxy resin operation, consumption of contract volume and inventory. The enthusiasm for entering the market inquiries was not high, and small orders followed up on needed. Market transactions continued to be under pressure, and holders offered to sell at a discounted price. With demand dragging down, the focus of negotiations in the ECH market continued to decline.

In the second half of the year, under the influence of supply and demand in July, the market first fell and then rose. At the beginning of the month, downstream consumption contracts and inventory were mainly affected, and enterprise shipments were under pressure. High end negotiation prices declined. In the latter half of the year, the overall utilization rate of industry capacity was low, and the market supply was tight, supporting the rise of the market. The cost and supply side support in August were still acceptable, with downstream demand mainly following up and the market slightly rising. In September, the industry's capacity utilization rate in the first half of the month was below 50%, and some companies had no inventory pressure. Downstream inquiries into the market increased, driving steady price increases for companies. In October, downstream consumption of inventory raw materials was the main trend, and small orders followed up on buying dips. Holders were under pressure to ship, and some companies were offering discounts to ship. In November, spot supply was tight, but the weak demand led to a weak market trend. In December, some factories in Jiangsu, Zhejiang, Shandong and other regions shut down for maintenance, resulting in a tight supply of spot goods in the market. However, the main downstream epoxy resin transactions were limited, and the demand side support was weak. The market atmosphere was stagnant, and the market remained stable with little movement.

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