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SunSirs: ECH Market Price Fell (June 21-26)
June 27 2022 14:31:25SunSirs(John)

Price trend

According to the monitoring data of SunSirs, as of June 26, the average price of ECH enterprise quotations was 18,600.00 RMB/ton, down 1.59% compared with the price on June 21, and down 0.53% compared with the price on May 26, and down 2.79% in a three-month cycle.

Analysis review

This week (6.21-6.26) the market price of ECH fell. Recently, the prices of raw materials propylene and glycerin both declined, and the cost support weakened; the downstream demand was weak, coupled with the news of the restart of some devices, the market downturn spread; the holder of the goods sold at a profit-cutting, and the focus of the ECH market discussion declined.

Upstream propylene, according to the data monitoring of SunSirs, this week (6.20-6.24) the domestic propylene (Shandong) market price continued to decline. The average price of propylene in the market at the beginning of the week was 7,838 RMB/ton, and the average price at the weekend was 7,813 RMB/ton, a decrease of 1.57%.

For the downstream epoxy resin, according to the data monitoring of SunSirs, on June 24, the reference price of epoxy resin was 23,675.00 RMB/ton, a decrease of 6.97% compared with the price on June 1 (25,450.00 RMB/ton).

Market outlook

The ECH analyst of SunSirs believes that the current cost support is insufficient, the supply increase is expected, the demand side is not good, and the market mentality is insufficient. It is expected that the ECH market may run weakly in the short term.

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

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