SunSirs: The Market Situation of ECH Was Mainly Stable (September 18-21)
September 22 2023 10:33:53 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of September 21, the average quoted price of ECH from ECH enterprises was 8,375.00 RMB/ton, which was unchanged from Monday's price and a decrease of 25.67% compared to the same period last year.
Analysis review
This week, the market for ECH was mainly stable. Recently, the price of raw material glycerol had dropped, and the market for raw material propylene was weak and stable. The cost support was average, and the industry's capacity utilization rate was below 50%. There was no pressure on supply side inventory, supporting manufacturers' price mentality. After downstream restocking, mainly small orders that just needed followed up at the appropriate price. Market trading was cautious and wait-and-see. On the 21st, the mainstream negotiation price of ECH in the Shandong region was around 8,300-8,500 RMB/ton.
Upstream propylene, according to the Commodity Market Analysis System of SunSirs, the reference price for propylene on September 20th was 7,313.25, an increase of 2.81% compared to September 1st (7,113.25 RMB/ton).
Downstream epoxy resin, according to the Commodity Market Analysis System of SunSirs, the reference price for epoxy resin on September 20th was 15,466.67, an increase of 6.91% compared to September 1st (14,466.67 RMB/ton).
Market outlook
Analysts from SunSirs believe that as of September 21, supply side support still existed and the demand side was average. It is expected that the ECH market may remain stable in the short term, and more attention still needs to be paid to changes in the market supply and demand side.
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
