SunSirs: The Market for ECH Remained Stable with Minor Fluctuations, Resulting in a Stalemate in the Atmosphere
January 17 2024 14:49:36 SunSirs (John)
Price trend
Recently, the market price of ECH had remained stable with little fluctuation. According to the Commodity Market Analysis System of SunSirs, as of January 15th, the average price quoted by ECH enterprises was 8,150.00 RMB/ton, which was unchanged from the price on Tuesday (January 9th) last week.
Analysis review
Cost side: According to the commodity market analysis system of SunSirs, the domestic propylene (Shandong) market had recently seen a slight increase, with weak and stable prices of raw material glycerol. The cost side had a moderate impact on the market of ECH.
Supply and demand side: The utilization rate of production capacity on the supply side was around 50%, and spot supply was tight. Enterprises had weak intentions to sell low, but downstream demand follow-up was insufficient. Inquiries and purchases required small orders to follow up, resulting in a stalemate in the market atmosphere and average transactions. Holders adjusted their prices flexibly according to their own situation, and the focus of negotiations in the ECH market was stable with little movement.
Market outlook
Analysts from SunSirs believe that the cost impact was average, and there was currently no pressure on supply side inventory. However, demand follow-up was weak, and the market mentality was cautious. It is expected that the market for ECH will be stable and consolidated 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.
- 2024-04-22 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
