SunSirs: The Price of 2-EH Fluctuated and Rose This Week

https://www.chemnet.com   Jul 08,2024 SunSirs

The price of 2-EH fluctuated and rose this week

According to the Commodity Market Analysis System of SunSirs, as of July 5th, the price of 2-EH was 9,850 RMB/ton, a fluctuating increase of 1.44% compared to the price of 2-EH on July 1st, which was 9,710 RMB/ton. This week, the price of 2-EH had fluctuated and risen, and downstream factory sales had rebounded. Enterprises had temporarily stabilized their enthusiasm for raw material procurement. Shandong's major factories had normal shipments, while the price of 2-EH had fluctuated and increased. Downstream purchases were mainly based on rigid demand. 2-EH manufacturers were shipping normally, and downstream customers were in urgent need of procurement. The support for the rise of 2-EH was increasing.

The price of raw material propylene fluctuated and rose this week

According to the propylene commodity market analysis system of SunSirs, as of July 5th, the propylene price was quoted at 7,165.75 RMB/ton, an increase of 0.46% compared to the price of 7,133.25 RMB/ton on July 1st. Crude oil prices had fluctuated and risen, with increased support for propylene costs. This week, propylene prices had fluctuated and risen; The downstream production of propylene was stable, downstream customers were buying on dips, and propylene manufacturers were shipping generally. The supply and demand of the propylene market were weak, and the price of propylene was fluctuating and rising.

Downstream plasticizer prices fluctuated and rose this week

According to the Commodity Market Analysis System of SunSirs, as of July 5th, the price of plasticizer DOP was 9,987.50 RMB/ton, which fluctuated and increased by 1.27% compared to the DOP price of 9,862.50 RMB/ton on July 1st. The market for plasticizer raw material PA had fluctuated and risen, while the price of 2-EH had fluctuated and risen. The cost of plasticizers had also increased, and this week the price of plasticizers had fluctuated and risen. Downstream construction expectations were expected to rise, demand was rebounding, and the support for the rise in plasticizers was increasing.

Market outlook

According to 2-EH product data analysts from SunSirs, in terms of cost, propylene prices had fluctuated and risen, while the cost support for 2-EH still existed; On the supply side, the inventory of 2-EH manufacturers was low, and the shipment situation was average; In terms of demand, downstream plasticizer product prices of 2-EH had fluctuated and risen, and downstream demand was expected to rebound. Overall, the supply of 2-EH has tightened and demand had rebounded, with increased cost support. It is expected that the price of 2-EH will fluctuate and rise in the future.

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