SunSirs: The ECH Market Was Stable and Consolidating (January 15-19)
January 22 2024 09:52:41 SunSirs (John)
Price trend
This week, the market for ECH remained stable and consolidating. According to the Commodity Market Analysis System of SunSirs, as of January 19th, the average price quoted by ECH enterprises was 8,150.00 RMB/ton, which was unchanged from 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 slight increase, with increased support for the cost side of propylene method production.
Supply and demand side: The factory mainly focused on delivery contracts and self use, and the market spot supply was tight, but the demand side lacked strong support. Downstream inquiries and procurement enthusiasm was not high after replenishment in the early stage, mainly small orders just in needed followed up. The market atmosphere was light, and some dealers were offering discounts to attract orders. The overall focus of negotiations in the ECH market was stable.
Market outlook
Analysts from SunSirs believe that short-term support from tight supply still existed, downstream just in needed followed up with small orders. The supply-demand side dominated the market, and with the impact of logistics and transportation, it is expected that the market for ECH will remain stable and wait-and-see in the short term, with more attention 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
