SunSirs: The Market Price of ECH Fell in February
March 02 2023 09:49:10 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of February 28, the average price of ECH quoted by ECH enterprises was 8,925.00 RMB/ton, down 6.05% from the price on February 1.
Analysis review
The market price of ECH fell in February. In the first ten days, the cost support was obvious, and the prices of individual enterprises were increased, but the demand side was not enough to follow up. Downstream purchase just only small orders, factory shipments were under pressure, and the ECH market fluctuated and went down. In the middle of February, the price of raw material propylene rose, the price of raw material glycerin fell, and the cost support remained, but the downstream demand was weak, the supply and demand support was weak, the operators were in a bad mood, and the market was weaker. In late February, the cost support was strong, but the downstream bargain-hunting small orders just in needed, the market trading atmosphere was flat, and the market continued to decline under demand constraints.
From the perspective of upstream and downstream, the reference price of upstream propylene was 7,426.60 RMB/ton on February 27, down 1.38% from February 1 (7,530.75 RMB/ton). For downstream epoxy resin, the reference price of epoxy resin was 15,333.33 RMB/ton on February 27, down 7.63% from February 1 (16,600.00 RMB/ton).
Market outlook
According to the ECH analyst of SunSirs, as of the end of February, the pressure on the cost side was high, but the demand side was still poor. Under the game of cost and demand, the ECH market was expected to stagnate in a short time, and more attention should be paid to the guidance of market news.
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- 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
