SunSirs: The Market of ECH Rose (January 6-11)

https://www.chemnet.com   Jan 12,2023 SunSirs

According to the monitoring data of SunSirs, as of January 11, the average price of ECH quoted by ECH enterprises was 9,100.00 RMB/ton, up 0.37% from the price of last Friday (January 6).

Analysis review

The market price of ECH rose recently. Recently, the price of raw material propylene was mainly stable with small fluctuations, the price of raw material glycerin was stable, the impact of cost was limited. Downstream stores were prepared before the festival, the enthusiasm of inquiry and purchase was increased, the spot supply in Jiangsu and Shandong markets was tight, and the enterprises were in a price-supportive attitude, and the focus of ECH market negotiation was up.

For upstream propylene, the reference price of propylene was 7,240.60 RMB/ton on January 10, down 0.06% from the price on January 1 (7,244.60 RMB/ton).

For downstream epoxy resin, the reference price of epoxy resin was 15.233.33 RMB/ton on January 10, down 3.79% from that of January 1 (15.833.33 RMB/ton).

Market outlook

According to the ECH analyst of SunSirs, the impact of cost is not significant at present, and the support of supply and demand is still strong. It is expected that the ECH market will be strong in the short term, and more attention still needs to be paid to the guidance of market news.

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