SunSirs: Due to Sufficient Supply, the Price of 2-EH Fluctuated and Fell This Week

The price of 2-EH fluctuated and fell this week

According to the Commodity Market Analysis System of SunSirs, as of December 16th, the price of 2-EH was 8,200 RMB/ton, a fluctuating decrease of 4.65% compared to the price of 8600 RMB/ton on December 9th. This week, the equipment production of 2-EH enterprises remained stable at a high level, with sufficient supply of 2-EH and cold demand, resulting in oversupply and fluctuating prices of 2-EH.

Thw supply of 2-EH was adequate this week

This week, 2-EH enterprises started production at a high level and remained stable. In addition, new 2-EH production capacity was gradually put into operation in December, resulting in a significant increase in 2-EH supply in December. The downstream demand increment was not as significant as the increment of 2-EH, and there was an oversupply of 2-EH, which increased the downward pressure on 2-EH and causes its price to fluctuate and fall.

Downstream plasticizer DOP prices fluctuated and fell this week

According to the Commodity Market Analysis System of SunSirs, as of December 16th, the DOP price was 8,576.25 RMB/ton, a fluctuating decrease of 2.83% compared to the DOP price of 8,826.25 RMB/ton on December 9th. The price of 2-EH had fluctuated and fallen, the cost of plasticizers had decreased, the profit margin of plasticizer DOP was high, and the enthusiasm of plasticizer enterprises to start production was high. The operating rate of downstream plasticizer enterprises was high, and plasticizers had certain positive support for the demand for 2-EH. However, downstream inventory replenishment at low prices had limited support for the demand for 2-EH.

Market outlook

According to the2-EH product data analyst of SunSirs, the equipment production of 2-EH enterprises had stabilized this week, and with the addition of new production capacity, the supply of 2-EH was sufficient, increasing the downward pressure on 2-EH; This week, downstream plasticizer manufacturers had seen an increase in production, but many of them were restocking at low prices, resulting in average demand for 2-EH and insufficient support for its upward trend. In the future, there will be an oversupply of 2-EH with average demand, and it is expected that the price of 2-EH will be weakly consolidated.

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