Price trend
On August 18th, the commodity price index of propylene and 2-EH was 95.06 points, unchanged from the previous day, a decrease of 52.27% from the highest point of the cycle at 199.16 points (2020-04-13), and an increase of 100.21% from the lowest point of 47.48 points on August 8th, 2021. (Note: The period refers to January 1, 2012 to present).
According to the Commodity Analysis System of SunSirs, the average market price of 2-EH in Shandong on August 19th was 8,350 RMB/ton, an increase of 0.60% compared to the previous trading day.
Analysis review
The upstream propylene market was consolidating, the cost support of 2-EH was weakening, the downstream plasticizer market was stabilizing, and the downstream purchasing enthusiasm was average. The upward support for 2-EH still existed, and the downward pressure had weakened.
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