SunSirs: The ECH Market Was Stable (January 29-February 4)
February 06 2024 09:47:12 SunSirs (John)
Price trend
The market for ECH remained stable this week. According to the Commodity Market Analysis System of SunSirs, as of February 4th, the average price of ECH quoted by ECH enterprises was 8,150.00 RMB/ton, which was unchanged from Monday (January 29th).
Analysis review
Cost side: According to the analysis system of the commodity market in SunSirs, the domestic propylene (Shandong) market had been operating weakly and steadily this week, with average support from the propylene method cost side.
Supply and demand side: In recent times, the industry's capacity utilization rate had been low, and there was no pressure on inventory at the supply side. Downstream stocks were prepared according to demand before holidays, and spot prices were tight, supporting the mentality of business owners. After the phased replenishment of downstream goods, the enthusiasm for inquiry and procurement had decreased. In addition, the impact of logistics transportation had led to a weak and stable operation of the ECH market.
Market outlook
Analysts from SunSirs believe that as downstream pre holiday stocking approaching its end, the market atmosphere was calm and wait-and-see. It is expected that the market for ECH may be stable and sorted out 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
