SunSirs: On July 3rd, the 2-EH Market in Shandong Region Saw a Strong Consolidation

https://www.chemnet.com   Jul 04,2024 SunSirs

Price trend

According to the Commodity Analysis System of Business Society, the average market price of 2-EH in Shandong on July 3rd was 9,770 RMB/ton, an increase of 0.31% compared to the previous trading day.

On July 2nd, the commodity price ratio index of propylene and 2-EH was 84.34 points, a decrease of 0.08 points from the previous day, a decrease of 57.65% from the highest point in the cycle of 199.16 points (2020-04-13), and an increase of 77.63% from the lowest point of 47.48 points on August 8th, 2021. (Note: The cycle refers to the period from January 2012 to present).

Analysis review

The upstream propylene market was fluctuating and consolidating, while the cost support for 2-EH still existed. The downstream plasticizer market was fluctuating and rebounding, and downstream procurement enthusiasm was average. The support for the rise of 2-EH still existed, and the downward pressure weakened.

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