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SunSirs: The Market for ECH Was Generally Stable, with Transactions Being Small Orders on Demand

April 08 2024 09:51:21     SunSirs (John)

Price trend

Recently, the market price of ECH had remained relatively stable. According to the Commodity Market Analysis System of SunSirs, as of April 3rd, the average price quoted by ECH enterprises was 8,075.00 RMB/ton, which was basically the same as last Wednesday (March 27th).

Analysis review

Cost side: According to the commodity market analysis system of SunSirs, since the end of March, the price of raw material propylene stopped falling and rebounded, and the profit of propylene method had significantly decreased. The price of raw material glycerol had been generally stable recently, and the cost support for glycerol method still existed.

Supply and demand side: Some devices on the supply side had been shut down and reduced in load, resulting in reduced supply. Downstream demand was still insufficient, and inventory raw materials were mainly consumed. The purchase of ECH continued to be a small order, with a weak market atmosphere.

Market outlook

Analysts from SunSirs believe that the cost support was significant, coupled with supply side reduction, and the mentality of enterprises to ship at low prices had weakened. However, downstream buying was weak, and the market game was sorted out. It is expected that the market for ECH may remain stagnant and wait-and-see in the short term, and more attention still needs to be paid to market news guidance.

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