Price trend
On November 5th, the commodity price index of propylene and 2-EH was 86.11 points, a decrease of 0.63 points from the previous day, a decrease of 56.76% from the highest point of the cycle at 199.16 points (2020-04-13), and an increase of 81.36% from the lowest point of 47.48 points on August 8th, 2021. (Note: Cycle 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 November 6th was 9,166.67 RMB/ton, an increase of 0.73% compared to the previous trading day.
Analysis review
The upstream propylene market was fluctuating and consolidating, while the cost support of 2-EH still existed. The downstream plasticizer market was fluctuating and rising, and the downstream purchasing enthusiasm was average. The support for the rise of 2-EH had increased, but downward pressure still existed.
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