This week, the domestic epoxy propane market prices have risen. According to the monitoring system of Shengyi Society, as of December 3rd, the benchmark price of Shengyi Society’s epoxy propane was 7950 yuan/ton, an increase of 2.58% compared to December 1st.
Price influencing factors:
Raw material side: The price of raw material propylene has slightly increased this week. According to the market analysis system of Shengyi Society, as of December 3rd, the benchmark price of propylene in Shengyi Society was 6168.25 yuan/ton, a decrease of 0.2% compared to the beginning of this month (6180.75 yuan/ton). The cost support is still acceptable, and epoxy propane is the main focus of trading.
Supply side: Fluctuations in the supply side have affected the temporary supply tension of epoxy propane. Starting from November 20th, the epoxy propane unit of Sinochem Quanzhou will be shut down for annual maintenance, which is expected to last for 55-60 days. This prolonged maintenance will further strengthen the tight market supply situation. The tight supply situation has led to an upward trend in the price of epichlorohydrin.
Demand side: Downstream demand side follows up on the purchase of epoxy propane, with high purchasing enthusiasm. The atmosphere of epoxy propane enterprise trading is good, and shipments are smooth. It is expected that the epoxy propane market will mainly operate steadily with a moderate to strong trend in the later stage.
Market forecast:
The epoxy propane analyst from Shengyi Society believes that the support for the rise in propylene market prices on the raw material side is still acceptable, and the downstream demand side has high purchasing enthusiasm, resulting in smooth epoxy propane shipments. In addition, due to the tight market supply, it is expected that the epoxy propane market will operate steadily with a moderate to strong trend in the short term, and more attention should be paid to changes in raw material prices and market supply and demand.
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