SunSirs: Poor Demand, the ECH Market Was Operating Lightly
March 22 2024 14:26:15 SunSirs (John)
Price trend
Recently, the atmosphere in the ECH market had been weak, and transactions had continued to be light. According to the Commodity Market Analysis System of SunSirs, as of March 21, the average price quoted by ECH enterprises was 8,075.00 RMB/ton, a decrease of 0.92% compared to March 11 (the reference price of ECH was 8,150.00 RMB/ton).
Analysis review
Supply and demand side: The utilization rate of production capacity on the supply side was around 50%, and the terminal demand was poor. The main downstream epoxy resin shipments were not smooth, and actual transactions were limited. The intention to buy ECH was low, and only small orders on demand followed up. The market's new order transactions were flat, and the ECH market was operating under pressure.
Cost side: According to the analysis system of the commodity market of SunSirs, the price of propylene as a raw material had recently risen narrowly, while the price of glycerol as a raw material had remained stable. Cost pressure still existed, but it had limited impact on the price of ECH.
Market outlook
Analysts from SunSirs believe that there was still support from the cost side, and some factories had parking plans. However, weak demand in the short term may still dominate the market, and it is expected that the market for ECH may operate to be weaker 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.
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