SunSirs: The Market for ECH Saw a Slight Increase (November 20-24)
November 28 2023 10:32:54 SunSirs (John)
Price trend
This week, the market for ECH saw a slight increase. According to the Commodity Market Analysis System of SunSirs, as of November 24th, the average price quoted by ECH enterprises was 8,075.00 RMB/ton, an increase of 0.62% compared to Monday's price.
Price influencing factors:
Cost side: According to the commodity market analysis system of SunSirs, the domestic propylene (Shandong) market had recently seen a narrow upward trend, with stable raw material glycerol prices as the main factor. The cost side still provided support for the ECH market.
Supply and demand side: The utilization rate of production capacity on the supply side was relatively low, with manufacturers mainly delivering contracts and spot supply being insufficient, supporting the mentality of enterprises to raise prices. Downstream enterprises were observing the market demand and following up appropriately. The main downstream epoxy resin market was average, with limited support for the ECH market. According to the commodity market analysis system of SunSirs, the reference price of epoxy resin on November 24th was 13,266.67 RMB/ton, a decrease of 4.78% compared to November 1st (13,933.33 RMB/ton).
Market outlook
According to analysts from SunSirs, in the short term, there was no pressure on the supply side to boost prices, but there was insufficient follow-up from the demand side, resulting in a stalemate in the market atmosphere. It is expected that the market for ECH may consolidate and operate in the short term, and 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.
- 2024-04-30 SunSirs: The Market for ECH Slightly Increased in April
- 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
