SunSirs: ECH Market Is Running Weakly (July 1-6)

https://www.chemnet.com   Jul 07,2022

According to the data of SunSirs, as of July 6, the average price of ECH enterprise quotations was 18,466.67 RMB/ton, a decrease of 0.72% compared with the price on July 1, and a decrease of 1.25%compared with the price on June 6. It fell 2.12% in a three-month cycle.

Analysis review

Recently (7.1-7.6), the market of ECH has been running weakly. Recently, the raw material propylene and glycerin market has been running weakly, the cost support is insufficient, the demand side is light, the enthusiasm of downstream inquiries is not good, the stockholders' shipments are not smooth, the market transaction atmosphere is sluggish, the inventory of individual factories on the supply side is under pressure, the focus of ECH market discussions has continued to decline.

Upstream propylene, according to the data monitoring of SunSirs, on July 5, the reference price of propylene was 7,466.60 RMB/ton, a decrease of 2.79% compared with that on July 1 (7,680.60 RMB/ton).

Downstream epoxy resin, on July 5, the liquid epoxy resin market in East China continued to decline, and the negotiation continued to decline. The mainstream negotiation of the barrel ex-factory price was 19,300-20,500 RMB/ton, and the overall negotiation fell 200 RMB/ton from the previous trading day.

Market outlook

The ECH analyst of SunSirs believes that the current cost and supply and demand support are insufficient, the market frequently sells transactions at low prices, and the downstream procurement mentality is cautious. It is expected that the ECH market may run weakly in the short term.

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