SunSirs: After the Spring Festival, the ECH Market Continued to Be Stable
January 29 2023 10:43:48 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of January 28, the average price of ECH quoted by ECH enterprises was 9,100.00 RMB/ton, which was the same as that of January 20.
Analysis review
The market price of ECH was stable on the first day after the holiday. The fluctuation of raw materials before the festival was limited, and the downstream stock was at the end, the inquiry atmosphere was weakened, but there was no pressure on the supply side, which supported the price increase of manufacturers. The focus of the market negotiation was firm. After the holiday, the cost support still existed. The manufacturers mainly focused on delivery contracts and pre-holiday orders. The market was on the sidelines. The focus of the ECH market negotiation continued to be smooth.
For upstream propylene, the reference price of propylene was 7,560.60 RMB/ton on January 27, up 4.36% from 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 27, down 2.11% from January 1 (15,833.33 RMB/ton).
Market outlook
According to the ECH analyst of SunSirs, there was some support on the cost side at present. On the first day after the holiday, the market was mainly cautious and wait-and-see. It is expected that in the short term, the market of ECH may be stable and wait and see, and more attention should be paid to the guidance of supply and demand.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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- 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
