Price trend

On August 19th, the commodity price index of propylene and 2-EH was 93.67 points, a decrease of 1.39 points from the previous day, a decrease of 52.97% from the highest point of the cycle at 199.16 points (2020-04-13), and an increase of 97.28% 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 20th was 8,333.33 RMB/ton, a decrease of 0.20% from 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 had weakened, but downward pressure still existed.

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