Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 22, the average price quoted by ECH enterprises was 8,900.00 RMB/ton, which was the same as last Wednesday (May 17).

Analysis review

The recent market situation for ECH was light. Recently, the price of raw material propylene fluctuated narrowly, while the price of glycerol temporarily stabilized, with some support from the cost side. Enterprises mainly focused on delivering orders, the enthusiasm for downstream inquiries and purchases was general, and mainly buying small orders at low prices. The cautious wait-and-see mentality was strong, and the negotiation atmosphere in the ECH market was deadlocked.

Upstream propylene, according to the Commodity Market Analysis System of SunSirs, the reference price for propylene on May 19th was 6,933.25, a decrease of 1.69% compared to May 1st (7,052.60).

Downstream epoxy resin, according to the Commodity Market Analysis System of SunSirs, the reference price of epoxy resin on May 19th was 14,433.33 RMB/ton, a decrease of 1.37% compared to May 1st (14,633.33 RMB/ton).

Market outlook

Analysts from SunSirs believe that as of the 22nd, there was some support on the cost side, but the support on the supply and demand side was average, and there was still pressure on holders to ship. It is expected that the market for ECH may be weak and on the sidelines 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.