Price trend

The terminal demand was weak, and the ECH market continued to decline. According to the monitoring and analysis system of SunSirs, as of March 14th, the benchmark price of SunSirs' ECH was 9,200 RMB/ton, a decrease of 1.87% compared to the beginning of this month.

Analysis review

Price influencing factors:

On the raw material side, the market price of propylene raw material has fallen, and the glycerol market was mainly weakly consolidating. However, overall, the cost aspect was still under high pressure. The support on the raw material side was insufficient, the mentality of manufacturers was weak, and the market price of ECH was weakly downward. According to the market analysis system of SunSirs, as of March 13th, the benchmark price of propylene in SunSirs was 6,935.75 RMB/ton, an increase of 1.80% 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.

Downstream demand side: The domestic epoxy resin market had a production capacity utilization rate of about 50%. Downstream terminal demand was weak, maintaining on-demand procurement and replenishing goods as needed, with low intention to purchase ECH. The focus was on wait-and-see, with a cold trading atmosphere for actual orders, and the ECH market was under pressure.

Market outlook

Analysts from SunSirs believe that the cost support was insufficient, downstream terminal demand was weak, and the trading atmosphere for actual orders was cold. The market was more cautious and focused on restocking for urgent needs. It is expected that the market for ECH will continue to operate to be weaker in the short term, and 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