Price trend

According to the monitoring data of SunSirs, as of June 21, the average price of ECH from enterprises was quoted at 18,900.00 RMB/ton, an increase of 0.89% compared with the price on June 15, and an increase of 1.07% compared with the price on May 21,  and down 2.24% r in a three-month cycle.

Analysis review

Recently, the market quotation of ECH was mainly stable, and the prices of some enterprises were adjusted. Recently, the raw material propylene market was running weakly, the cost support weakened, some devices were shut down for maintenance, and the market supply had shrunk, but the downstream demand was not good, the buying atmosphere was light, and the price of ECH was stable and wait-and-see adjustment.

Upstream propylene, according to the data monitoring of SunSirs, on June 20, the reference price of propylene was 7,938.25 RMB/ton, a decrease of 1.76% compared with June 1 (8,080.60 RMB/ton).

Downstream epoxy resin, on June 20, the reference price of epoxy resin was 2,675.00 RMB/ton, a decrease of 6.97% compared with June 1 (2,450.00 RMB/ton).

Market outlook

The ECH analyst of SunSirs believes that the current supply side has certain support, the cost side support is weak, and the demand side is insufficient to follow up and drag the market, it is expected that the ECH market may be weak in the short term.

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