SunSirs: The Price of 2-EH Rose in January, and the Expected Future Price Is Stabilizing

The price of 2-EH fluctuated and rose in January

According to the Commodity Market Analysis System of SunSirs, as of January 31st, the price of 2-EH was 7,800 RMB/ton, a fluctuating increase of 2.63% compared to the price of 7,600 RMB/ton on January 1st at the beginning of the month. The construction of new equipment and the high level of equipment construction in 2-EH enterprises have led to sufficient supply of 2-EH. With stocking before the Spring Festival, the demand for 2-EH has rebounded, resulting in a double increase in supply and demand. In January, the price of 2-EH fluctuated and rose. After the holiday, the demand for 2-EH replenishment briefly rebounded.

Double increase in supply and demand of 2-EH in January

2-EH enterprises were operating at a high level, coupled with the continuous production of 2-EH capacity, resulting in an increase in the supply of 2-EH. Before the Spring Festival, downstream manufacturers replenished their inventory, leading to an increase in demand for 2-EH and a greater driving force for its price increase.

Downstream plasticizer DOP prices fluctuated and rose in January

According to the Commodity Market Analysis System of SunSirs, as of January 31st, the DOP price was 8,576.25 RMB/ton, a fluctuating increase of 4.25% compared to the DOP price of 8,226.25 RMB/ton on January 1st at the beginning of the month. The rise in raw material prices has led to an increase in the cost of plasticizer DOP. Stocking up before the Spring Festival has led to an increase in demand for plasticizers. Supported by rising costs and demand, there as a significant driving force for the increase in plasticizers. After the holiday, the demand for plasticizers briefly rebounded due to restocking.

Future expectations

According to the 2-EHproduct data analyst of SunSirs, in the future, the high equipment production of 2-EH enterprises, coupled with the production of new equipment, will alleviate the shortage of 2-EH supply and ensure sufficient supply of 2-EH; After the Spring Festival, the replenishment of stocks has ended, and the expected demand for 2-EH weakened. The strong supply and weak demand of 2-EH are expected to lead to a weak and stabilization trend in the future market.

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