This week, the domestic epoxy propane market price fluctuated narrowly. According to the monitoring system of Shengyi Society, as of August 21st, the benchmark price of Shengyi Society’s epoxy propane was 7600 yuan/ton, a decrease of 4.40% compared to the beginning of the month.
Price influencing factors:
Raw material side: This week, the price of raw material propylene has fallen, and the cost support of epoxy propane has weakened. According to the market analysis system of Shengyi Society, as of August 21st, the benchmark price of propylene in Shengyi Society was 6548.25 yuan/ton, an increase of 1.79% compared to the beginning of this month (6433.25 yuan/ton).
Supply side: Some factories in Shandong have smooth shipments, but inventory is tight, and there is a positive attitude towards pushing up the epoxy propane market. It is expected that the market price of epoxy propane will mainly fluctuate and operate strongly in the short term.
On the demand side: downstream essential procurement of epoxy propane is the main focus, with average new order volume and some low-priced transactions still acceptable. Due to poor demand transmission and insufficient driving force for the rise of epoxy propane, it is expected that the epoxy propane market price will mainly fluctuate narrowly in the near future.
Market forecast:
An epoxy propane analyst from Shengyi Society believes that the supply of epoxy propane in the market is tight, and raw material prices have also declined. In addition, downstream markets have a strong demand for purchasing, and the trading atmosphere is average, which limits the market’s upward momentum. It is expected that the short-term epoxy propane market will mainly experience narrow fluctuations, and more attention should be paid to changes in raw material prices and upstream and downstream supply and demand.
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