SunSirs: This Week, the Price of 2-EH Stopped Falling and Stabilized

https://www.chemnet.com   Jun 25,2024 SunSirs

This week, the price of 2-EH stopped falling and stabilized

According to the Commodity Market Analysis System of SunSirs, as of June 24th, the price of 2-EH was 9,880 RMB/ton, a fluctuation decrease of 1.00% compared to the price of 2-EH on June 17th, which was 9,980 RMB/ton; Compared to the price of 10,040 RMB/ton on June 14th, the price of 2-EH fluctuated and decreased by 1.59%. This week, the price of 2-EH had fluctuated and fallen, and downstream factories were facing difficulties in sales. Enterprises had average enthusiasm for raw material procurement. Shandong's large factories had average shipments, while the price of 2-EH had declined narrowly, with downstream purchases mainly focused on small orders. The manufacturer's shipments were poor, downstream customers purchased on demand, and the support for the rise of 2-EH was weakened.

This week, the high price of raw material propylene had fallen back

According to the propylene commodity market analysis system of SunSirs, as of June 24th, the propylene quotation was 7,165.75 RMB/ton, a decrease of 1.82% compared to the propylene price of 7,298.25 RMB/ton on June 17th; The price of propylene increased by 2.47% compared to the price of 6,993.25 RMB/ton on June 14th. Crude oil prices had fluctuated and risen, with increased support for propylene costs. This week, propylene prices rose first and then fell; Downstream production of propylene had decreased, downstream customers purchased just on demand, and propylene manufacturers had average shipments. The supply and demand of the propylene market were weak, and the price of propylene was consolidating at a high level.

Downstream plasticizer prices had fluctuated and fallen this week

According to the Commodity Market Analysis System of SunSirs, as of June 24th, the price of plasticizer DOP was 10,075 RMB/ton, a fluctuation decrease of 1.35% compared to the DOP price of 10,212.50 RMB/ton on June 17th; Compared to the DOP price of 10250 RMB/ton on June 14th, the DOP price decreased by 1.71%. The market for plasticizer DOP raw material PA had stabilized, while the price of 2-EH had fluctuated and fallen. The cost of plasticizer DOP had decreased, and the production of plasticizer DOP enterprises was stable. The supply of plasticizer DOP was sufficient. Downstream construction was expected to rise, and demand was stabilizing. The support for the rise of plasticizers still existed.

Market outlook

According to 2-EH product data analysts from SunSirs, in terms of cost, propylene prices were consolidating at a high level, while support for the cost of 2-EH still existed; On the supply side, 2-EH manufacturers had low inventory and average shipments; In terms of demand, downstream plasticizer product prices of 2-EH had fluctuated and fallen, and downstream demand will stabilize in the future. Overall, the supply of 2-EH was tightening and demand was stabilizing, while cost support still existed. It is expected that the price of 2-EH will fluctuate and consolidate in the future.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

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