Price trend
On September 4th, the commodity price index of propylene and 2-EH was 101.36 points, an increase of 1.21 points from the previous day, a decrease of 49.11% from the highest point of the cycle at 199.16 points (2020-04-13), and an increase of 113.48% 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 September 5th was 7,866.67 RMB/ton, which was temporarily stable compared to the previous trading day.
Analysis review
The upstream propylene market was consolidating, and the cost support of 2-EH still existed. The downstream plasticizer market was declining, and the downstream purchasing enthusiasm was average. The upward support for 2-EH had weakened, but downward pressure still existed.
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