The price of 2-EH stopped falling and consolidated this week

According to the Commodity Market Analysis System of SunSirs, as of October 18th, the price of 2-EH was 9,200 RMB/ton, a decrease of 1.43% from the price of 9,333.33 RMB/ton on October 11th last weekend; Compared to October 1st, the price of 2-EH at 8,706.67 RMB/ton first rose and then fell, with an increase of 5.67%. After the holiday, the replenishment of 2-EH had ended, and the price of 2-EH had fallen from a high level. Demand support still exists, and the price of 2-EH has stabilized after stopping the decline.

Downstream plasticizer DOP prices stabilized after falling

According to the Commodity Market Analysis System of SunSirs, as of October 18th, the price of plasticizer DOP was 9,213.75 RMB/ton, a decrease of 0.81% from the DOP price of 9,288.75 RMB/ton on October 11th last weekend; Compared to October 1st, the DOP price of 8988.75 RMB/ton first rose and then fell, with a 2.50% increase. Plasticizers were replenished after the holiday, leading to an increase in demand for DOP and a rise in DOP prices. With the end of inventory replenishment and a decline in demand, the price of plasticizer DOP had fallen from a high level. But with the recovery of the economy and the support of demand for plasticizers and 2-EH, the demand for 2-EH still existed, and the price of 2-EH stopped falling and stabilized.

Market outlook

According to the 2-EH product data analyst of SunSirs, as the price of 2-EH rose to a high level, downstream customers' resistance to high prices increased, market purchasing enthusiasm decreased, and coupled with the end of downstream customer inventory replenishment, 2-EH prices fell back from a high level; Positive policies continued to be implemented, economic expectations wre expected to rebound, downstream customers were more proactive in receiving goods, and the price of 2-EH had stopped falling and stabilized. In the future, with favorable policies and a relatively warm sentiment in the 2-EH market, there is still support form 2-EH demand. 2-EH manufacturers are starting to recover, and there is sufficient supply of 2-EH. The 2-EH market supply and demand are relatively balanced, and 2-EH prices are fluctuating and consolidating.

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