Price trend

The terminal demand was weak, and the ECH market was experiencing a narrow decline. According to the monitoring and analysis system of SunSirs, as of March 7th, the benchmark price of SunSirs' ECH was 9,275 RMB/ton, a decrease of 1.07% compared to the beginning of this month.

Price influencing factors:

Raw material side: Recently, the market prices of propylene and glycerol have slightly increased, and cost pressure still existed, but the boost to the price of ECH was limited. According to the market analysis system of SunSirs, as of March 6th, the benchmark price of propylene in SunSirs was 6,835.75 RMB/ton, an increase of 0.33% compared to the beginning of this month (6,813.25 RMB/ton).

Supply side: The ECH product plant of Xinyue Group has been restored, with a steady increase in supply and normal market transactions. Some devices were in a parked state.

Downstream demand side: Downstream terminal demand was weak. The main downstream epoxy resin shipments were not smooth, with limited actual transactions and low intention to buy ECH. They mostly were wait-and-see and purchased small orders, and new market transactions were flat, putting pressure on the ECH market.

Market outlook

Analysts from SunSirs believe that there was still support for the cost side, and some units were in a shutdown state. However, low demand may still dominate the market in the short term, and it is expected that the market for ECH will operate to be weaker narrowly in the short term. More attention still needs to be paid to market news guidance.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.