SunSirs: The Market for ECH Was Mainly Stable (October 23-26)
October 27 2023 10:12:16 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of October 26th, the average price of ECH quoted by ECH enterprises was 8,075.00 RMB/ton, a decrease of 1.22% compared to Monday's price.
Analysis review
The ECH market was mainly stable this week, with some companies adjusting their prices. Recently, the price of raw material glycerol remained stable, while the market for raw material propylene had declined. Cost support was weak, and there was no pressure on supply side inventory to boost prices. Downstream follow-up was still cautious, with small purchases mainly on demand, and the market transaction atmosphere was average.
Upstream propylene, according to the Commodity Market Analysis System of SunSirs, on October 25th, the reference price for propylene was 6,963.25 RMB/ton, a decrease of 4.23% compared to October 1st (7,270.75 RMB/ton), and recent support for the ECH market ha, weakened.
Downstream epoxy resin, according to the Commodity Market Analysis System of SunSirs, the reference price of epoxy resin on October 25th was 13,933.33 RMB/ton, a decrease of 8.13% compared to October 1st (15,166.67 RMB/ton), providing general support for the ECH market.
Market outlook
Analysts from SunSirs believe that as of October 26th, there was strong supply side support, which had boosted the mentality of businesses. However, the purchasing mentality on the demand side was cautious, and it is expected that the ECH market may remain stagnant in the short term. More attention still needs to be paid to 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
