Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 10th, the average price quoted by ECH enterprises was 7,875.00 RMB/ton, which was basically the same as the price at the beginning of the month.

Analysis review

Since July, the price of raw material liquid chlorine had mainly increased, while the price of raw material propylene fluctuated narrowly. The price of raw material glycerol had risen, and the cost support was strong. Production enterprises mainly focused on delivering orders, the price of propylene method was strong. Downstream followed up mainly with small orders on demand, and the mentality of buying high priced raw materials was still cautious. The overall market atmosphere was still good, and the attitude of price support was strong.

Raw material propylene:

According to the commodity market analysis system of SunSirs, the reference price for propylene on July 9th was 7,128.25 RMB/ton, a decrease of 0.07% compared to July 1st (7,133.25 RMB/ton). Recently, the price of raw material propylene had fluctuated and stabilized within a narrow range, providing some support for the ECH market.

Market outlook

The market was experiencing a decrease in low-priced goods, and businesses were mainly inclined to hold up prices. However, due to the traditional off-season in the terminal industry, the demand performance may be average. It is expected that the market for ECH will be strong and wait-and-see in the short term, and more attention needs to be paid to market news guidance.

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