SunSirs: The Market of ECH Was Mainly Stable (January 13-18)
January 19 2023 10:27:17 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of January 18, the average price of ECH quoted by ECH enterprises was 9,100.00 RMB/ton, which was the same as that of last Friday (January 13).
Analysis review
Recently, the market price of ECH was mainly stable. Recently, the price of raw material propylene rose, the price of raw material glycerin was stable, the cost had certain support, the market supply was tight, supporting the price mentality of manufacturers. Downstream pre-season goods preparation was nearing the end, and the logistics and transportation were limited, the focus of ECH market negotiation was mainly stable.
For upstream propylene, the reference price of propylene was 7,470.60 RMB/ton on January 17, up 3.12% from the price on January 1 (7,244.60 RMB/ton).
For downstream epoxy resin, the reference price of epoxy resin was 15,500.00 RMB/ton on January 17, down 2.11% from the price on January 1 (15,833.33 RMB/ton).
Market outlook
According to the ECH analyst of SunSirs, the current fundamental changes are limited. The Spring Festival holiday is approaching, the market atmosphere is light, and the wait-and-see atmosphere is strong. It is expected that the ECH market will run smoothly in the short term, and more attention still needs to be paid to the market news guidance.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-04-22 SunSirs: Under Demand Leadership, the Market for ECH Was Stagnant and Weaker
- 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
