Price trend

As can be seen from the above chart, the ex-factory price of 2-EH in Shandong has increased this week. This week, the average price of 2-EH's mainstream ex-factory quotations in Shandong increased from 7083.33 RMB/ton at the beginning of the week to 7116.67 RMB/ton at the weekend, an increase of 0.47% and a year-on-year decrease of 3.61%. On the whole, the 2-EH market rose this week, and the 2-EH commodity index on August 14 was 52.33.

Analysis review

Judging from the manufacturers’ quotations, the quotations from mainstream manufacturers of 2-EH in Shandong increased this week: Jianlan Chemical’s 2-EH quotation this weekend was 7,100 RMB/ton, compared with the beginning of the week, the quotation was temporarily stable; Lihuayi’s 2-EH quotation this weekend was 7,050 RMB/ton, compared with the beginning of the week, the quotation increased by 100 RMB/ton; Hualu Hengsheng 2-EH quotation this weekend was 7,200 RMB/ton, compared with the beginning of the week, the quotation was temporarily stable.

From the perspective of the upstream and downstream industrial chain, the propylene market for the upstream raw material market for 2-EH fell slightly this week, with the quotation falling from 7,036.45 RMB/ton at the beginning of the week to 7,030.09 RMB/ton at the weekend, a decrease of 0.09%, a year-on-year decrease of 9.18 %. The price of the upstream raw material market dropped slightly, which was affected by supply and demand, which had a negative impact on the price of 2-EH.

In the downstream market of 2-EH, the DOP ex-factory price stopped falling this week and stabilized. DOP quoted at 7,000 RMB/ton, down 3.45% from the same period last year. Downstream customers were generally motivated to purchase 2-EH, and demand for 2-EH was average. The low DOP price consolidation had a negative impact on the 2-EH market. Industry players need to pay attention to the DOP trend in the future.

Market outlook

In mid-August, the market trend of Shandong 2-EH may fluctuate slightly. The upstream propylene price fell, cost support was weak, the downstream DOP market consolidated at a low level, and the downstream purchasing enthusiasm was average. The 2-EH analyst of SunSirs believes that in mid-August, the 2-EH market in Shandong is affected by supply and demand and raw materials, the 2-EH market may fluctuate to fall slightly.

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