SunSirs: ECH Market Rose (August 18-24)
August 25 2022 08:33:30 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of August 24, the average price of ECH quoted by ECH enterprises was 11,400.00 RMB/ton, an increase of 2.40% compared with the price of last Thursday (August 18). Compared with the price on July 24, it fell by 6.04%, and it fell by 39.04% in a three-month cycle.
Analysis review
Recently (8.18-8.24) the market price of ECH rose. Recently, the price of raw material propylene dropped slightly, and the raw material glycerol was mainly stable, and the cost support still existed. There was an increase in downstream just-needed inquiries and purchases, the holders of goods had no pressure to ship, and the intention to sell low was not strong. Under the support of cost and supply and demand, the market conditions pushed up, and downstream purchases waited and saw after the rise.
Upstream propylene, according to the data monitoring of SunSirs, on August 23, the reference price of propylene was 6,860.60 RMB/ton, a decrease of 6.64% compared with August 1 (7,348.60 RMB/ton).
Downstream epoxy resin, on August 23, the focus of discussions on the liquid epoxy resin market in East China rose, and the price of mainstream discussions rose at 19,000-19,500 RMB/ton.
Market outlook
The ECH analyst of SunSirs believes that the current market supply is limited, and the cost and supply are supported to a certain extent, and the downstream inquiry and procurement are slightly general. It is expected that the ECH market will be strong in the short term, and more attention should be paid to market news guidelines.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 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
- 2024-03-07 SunSirs: Demand Was Insufficient and the ECH Market Was Stable
