Price trend

This week, the market for ECH remained stagnant and was undergoing consolidation. According to the Commodity Market Analysis System of SunSirs, as of December 8th, the average price quoted by ECH enterprises was 8,150.00 RMB/ton, which was unchanged from Monday's price.

Price influencing factors:

Cost side: According to the commodity market analysis system of SunSirs, the domestic propylene (Shandong) market had recently experienced a slight decline, with the mainstream price of 6,950-7,000 RMB/ton on December 7th. The price of raw material glycerol was mainly stable, and the cost side had limited support for the ECH market.

Supply and demand side: In recent times, some factories in Jiangsu, Zhejiang, Shandong and other regions had shut down for maintenance, leading to a reduction in market spot supply and a decrease in the willingness of holders to sell at low prices. However, downstream demand had not followed up enough, the main epoxy resin had limited new orders, which had shown weak support for the ECH market. Enterprise shipments were under pressure, and the market atmosphere was stagnant. According to the commodity market analysis system of SunSirs, the reference price for epoxy resin on December 7th was 13,400.00 RMB/ton, an increase of 1% compared to December 1st (13,266.67 RMB/ton).

Market outlook

Analysts from SunSirs believe that in the short term, supply side support will continue, but downstream demand is weak, and cautious follow-up is the main focus. It is expected that the ECH market may operate weakly and steadily 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.