Price trend

As can be seen from the above chart, the ex-factory price of 2-EH in Shandong has risen slightly this week. The average price of 2-EH's mainstream ex-factory quotations in Shandong this week rose from 7,433.33 RMB/ton at the beginning of the week to 7,533.33 RMB/ton at the weekend, an increase of 1.35%, a year-on-year increase of 3.67%. On the whole, the 2-EH market rose this week, and the 2-EH commodity index on October 16 was 55.35.

Analysis review

Judging from the manufacturers’ quotations, the quotations from mainstream manufacturers of 2-EH in Shandong rose slightly this week: Jianlan Chemical’s 2-EH quotation this weekend was 7,500 RMB/ton, compared with the beginning of the week, the quotation increased by 100 RMB/ton; Lihuayi’s 2-EH quotation this weekend was 7,500 RMB/ton, compared with the beginning of the week, the quotation increased by 100 RMB/ton; Hualu Hengsheng's 2-EH quotation this weekend was 7,600 RMB/ton, compared with the beginning of the week, the quotation increased 100 RMB/ton.

From the perspective of the upstream and downstream industrial chain, the 2-EH upstream raw material market saw a slight decline in the propylene market this week. The quotation dropped slightly from 7,525.45 RMB/ton at the beginning of the week to 7,523.64 RMB/ton at the weekend, a decrease of 0.02% compared to the same period last year. The upstream raw material market prices remained basically unchanged, and the impact on the price of 2-EH was limited due to the impact of supply and demand.

In the downstream market of 2-EH, the DOP ex-factory price consolidated at a high level this week. The DOP quoted price was 7,466.67 RMB/ton, a year-on-year decrease of 1.97%. Downstream DOP prices are consolidating at a high level. Downstream customers are still enthusiastic about purchasing 2-EH. The demand for 2-EH is normal. The market outlook is more to wait and see the trend of DOP.

Market outlook

In late October, the Shandong 2-EH market may fluctuate slightly. The upstream propylene market remains unchanged, and the support for 2-EH is limited, but the downstream DOP market is consolidating at a high level, the downstream purchasing enthusiasm is still acceptable, and the supply of 2-EH is normal. The 2-EH analyst of SunSirs believes that the 2-EH market in Shandong will mainly fluctuate slightly under the influence of supply and demand and raw materials in late October.

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