Price trend

It can be seen from the above chart that the ex-factory price of 2-EH in Shandong has increased this week. This week, the average price of the mainstream ex-factory quotations of 2-EH in Shandong increased from 7,066.67 RMB/ton at the beginning of the week to 7,216.67 RMB/ton at the weekend, an increase of 2.12%, and a year-on-year decrease of 1.37%. Overall, the 2-EH market rose this week, and the 2-EH commodity index on July 24 was 53.06.

Analysis review

From the manufacturer’s quotation point of view, this week's Shandong 2-EH mainstream manufacturers' ex-factory quotations increased: Jianlan Chemical’s 2-EH quotation this weekend was 7,200 RMB/ton, compared with the beginning of the week, the quotation increased by 100 RMB/ton; Lihuayi this weekend 2-EH was quoted at 7,100 RMB/ton, compared with the beginning of the week, the offer increased by 150 RMB/ton; Hualu Hengsheng was quoted at 7,350 RMB/ton for 2-EH this weekend, which was an increase of 200 RMB/ton compared with the beginning of the week.

From the perspective of the upstream and downstream industrial chain, the 2-EH upstream raw material market saw a slight increase in the propylene market this week. The quotation rose from 6,785.45 RMB/ton at the beginning of the week to 6,870.09 RMB/ton at the weekend, an increase of 1.25%, and a year-on-year decrease of 11.72%. The prices of upstream raw materials have risen in the market. Affected by supply and demand, it has a positive impact on the price of 2-EH.

In the downstream market of 2-EH, the DOP ex-factory price rose this week. The DOP quotation rose from 7,033.33 RMB/ton at the beginning of the week to 7,166.67 RMB/ton at the weekend, an increase of 1.90% and a year-on-year decrease of 0.46% over the same period last year. Downstream customers' enthusiasm for purchasing 2-EH has increased, and the demand for 2-EH is average. The increase in DOP prices has a positive impact on the 2-EH market. The market outlook industry players are more to wait and see the DOP trend.

Market outlook

In late July, the Shandong 2-EH market trend may fluctuate slightly. The price of upstream propylene has risen, cost support is strong, the downstream DOP market has begun to rise, and downstream purchases are more enthusiastic. The 2-EH analyst of SunSirs believes that the 2-EH market in Shandong was mainly affected by supply and demand and raw materials in late July, and the 2-EH market may fluctuate up slightly.

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