Price trend

According to the monitoring data of SunSirs, as of September 22, the average price of ECH quoted by ECH enterprises was 11,266.67 RMB/ton, which was the same as the price on Monday and increased by 0.60 compared with the price on August 22. %, and was down 39.43% in a three-month cycle.

Analysis review

The ECH market was stable this week. Recently, the price of raw material propylene was generally stable, and the price of raw material glycerol was mainly stable. The cost support still existed, the supply side was sufficient, and the downstream just made replenishment at a reasonable price. The market trading atmosphere was flat, and the focus of negotiations was deadlocked.

Upstream propylene, according to the data monitoring of SunSirs, on September 21, the reference price of propylene was 7,430.60 RMB/ton, an increase of 4.65% compared with September 1 (7,100.60 RMB/ton).

Downstream epoxy resin, on September 21, the liquid epoxy resin market in East China was running strongly. The mainstream negotiation was 19,500-20,200 RMB/ton, and the overall negotiation increased by 20c compared with the previous trading day.

Market outlook

The ECH analyst of SunSirs believes that the current price of raw materials propylene and glycerin is mainly stable, the cost pressure still exists, the supply side is sufficient, the demand side is flat, and the inventory of some factories is under pressure. It is expected that in the short term, the ECH market will be stable to run, and more attention should be paid to market news guidelines.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com