SunSir: ECH Market Was Stable and Stronger (July 7th - 14th)

https://www.chemnet.com   Jul 17,2023 SunSirs

　　According to the commodity market analysis system of SunSirs, as of July 14, the average price of ECH quoted by ECH enterprises was 7,525.00 RMB/ton, which was the same as the price on Monday.

　　Analysis review

　　This week, the enterprise quotation in ECH market was mainly stable, and the market atmosphere was mainly supporting prices. Recently, the price of raw propylene fluctuated in a narrow range. The price of raw glycerin was mainly stable, and the impact on the cost side is limited. The capacity utilization rate of the supply side industry had declined compared with the previous period. The factory production and marketing were under no pressure, supporting the market's price rising mentality. The main downstream epoxy resin market was running strongly, and the purchase of raw materials was followed up by rigid downstream. The focus of ECH market negotiation was stable and rising.

　　Upstream propylene, according to the Commodity Market Analysis System of SunSirs, on July 13th, the reference price for propylene was 6,370.75 RMB/ton, a decrease of 2.26% compared to July 1st (6,518.25 RMB/ton).

　　Downstream epoxy resin, according to the Commodity Market Analysis System of SunSirs, the reference price for epoxy resin on July 13th was 12,933.33 RMB/ton, an increase of 3.19% compared to July 1st (12,533.33 RMB/ton).

　　Market outlook

　　Analysts of ECH from SunSirs believe that as of the 14th, the cost side had little impact, and the supply and demand side support still existed. It is expected that the ECH market will be in a stalemate and stronger in the short term, and more attention should be paid to the market news guidance.

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